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Anthropic files confidential SEC IPO prospectus, targets $2T+ valuation

8/18/2026

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Summary

Story summary

Anthropic filed a confidential IPO prospectus with the SEC in June 2026, targeting a public valuation of $2 trillion or more.
The company reported an annualized revenue run rate of $65 billion at the end of July 2026, up from $9 billion at the end of 2025.
Investors project Anthropic will finish 2026 with revenue between $100 billion and $120 billion.
OpenAI reported $40 billion revenue, double its $20 billion level at the end of 2025.

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Story summary

Anthropic filed a confidential IPO prospectus with the SEC in June 2026, targeting a public valuation of $2 trillion or more.
The company reported an annualized revenue run rate of $65 billion at the end of July 2026, up from $9 billion at the end of 2025.
Investors project Anthropic will finish 2026 with revenue between $100 billion and $120 billion.
OpenAI reported $40 billion revenue, double its $20 billion level at the end of 2025.