Anthropic tries to beat SpaceX's record in IPO

The company, which makes the Claude chatbot, plans to sell its shares for between $70 and $78 per share in its IPO, according to a document filed with the U.S. Securities and Exchange Commission (SEC) on Monday. Accordingly, Anthropic offers 801.4 million shares, while supporters sell 23.6 million shares.

According to documents submitted to the commission, Anthropic's market value would be approximately $1 trillion if it were at the top of its price range.

Anthropic's ambitious goal falls short of SpaceX's $75 billion underlying IPO, or the $86.2 billion it raised through an over-allotment option. That target defies unease from a sharp selloff driven by expectations that politicians promising tighter regulations on data centers and related infrastructure will raise costs and limit the development of the technology.

Anthropic's rival, OpenAI, aims to go public in 2027. Sam Altman, the company's CEO, called 2026 an "inappropriate time" for an IPO, citing concerns about artificial intelligence security. The company is raising funds at a valuation of $1.25 trillion, sources said.

According to the stock exchange filing, Goldman Sachs and Morgan Stanley are managing Anthropic's IPO with the participation of 20 other banks. The stock is expected to trade on Nasdaq under the symbol ANT.