Anthropic to file for IPO that could top SpaceX record

Anthropic, the artificial intelligence company behind the Claude chatbot, is preparing to publicly file paperwork for an initial public offering as soon as the end of this month.

The listing could match or surpass the record $75 billion flotation completed in June by SpaceX, Elon Musk's rocket company, according to Bloomberg.

No technology flotation had raised more.

Details, including the exact size and timing of the offering, have yet to be confirmed.

A public filing would give outsiders their first detailed look at the company's finances , from quarterly revenue growth to its biggest business lines.

Bringing the paperwork forward would let Anthropic beat OpenAI , the developer of ChatGPT, to the public markets in a rivalry that has come to define the sector.

OpenAI is not expected to go public until later this year or early 2027.

A successful listing would mark a milestone for the commercial AI industry.

Anthropic was co-founded in 2021 by its chief executive, Dario Amodei, and his sister Daniela Amodei, both former OpenAI employees.

Once cast as an also-ran, the company has since built a fast-growing business selling AI tools to large employers.

The turning point was Claude Code, an AI coding agent that helped win over corporate customers at speed.

The product lets software developers hand routine coding tasks to an AI assistant.

Anthropic has followed it with products such as Claude Cowork, plus tie-ins with workplace software including Microsoft 365, made by the US company Microsoft.

The company raised $65 billion in May at a valuation of $965 billion, overtaking OpenAI, which raised $122 billion at a valuation of $852 billion in March.

Anthropic reported revenue of...