Anthropic targets public market debut that could top $100 billion

Artificial intelligence developer Anthropic is getting ready to list its shares publicly in a transaction that could set new Wall Street records. Reports from Bloomberg and The New York Times indicate that financial advisers are eyeing a market debut that could collect upwards of $100 billion, pushing the startup's total valuation close to $2 trillion.

A transaction of this scale would top the record listing recently set by SpaceX and allow regular investors to buy directly into a key player in the AI boom. It would also let the creator of the Claude assistant reach public stock exchanges well ahead of rival OpenAI. Founded in 2021 by siblings Dario and Daniela Amodei, Anthropic has built strong commercial momentum with software tools such as Claude Code, pushing its expected annual revenue toward $47 billion.

Despite that rapid financial growth, operational and political hurdles remain. The company continues to struggle with securing enough specialized hardware and server capacity to meet user demand. In addition, friction with federal officials could weigh on investor sentiment, particularly after the Trump administration severed military contracts and categorized the business as a supply chain threat following disagreements over system access. Whether public markets will comfortably absorb such an unprecedented valuation despite regulatory tensions and server bottlenecks remains a major open question.