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Anthropic Prepares Blockbuster IPO Targeting Up to $75 Billion to Match or Surpass SpaceX Record

By Tim Clark3 min read

San Francisco, 20 August 2026 – Artificial intelligence research lab Anthropic is preparing to launch a historic initial public offering (IPO) that could match or exceed the record $75 billion raised by SpaceX earlier this year, positioning the Claude maker for the largest public stock market debut in corporate history.

A public S-1 registration filing with the United States Securities and Exchange Commission could arrive within weeks, following confidential draft submissions earlier this summer. Underwriter briefings led by Chief Financial Officer Krishna Rao have outlined an offering structure designed to raise between $60 billion and $75 billion or more, potentially valuing the enterprise between $1.0 trillion and $2.0 trillion upon listing on the Nasdaq. Wall Street investment banks Morgan Stanley, Goldman Sachs, and JPMorgan are leading the syndicate, supported by a revolving credit facility closing above $10 billion.

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Author

  • Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.

    Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.