Anthropic has confidentially filed for an initial public offering after raising $65 billion at a $965 billion valuation in May 2026, temporarily surpassing OpenAI's private valuation. The company projects $10.9 billion in Q2 revenue (more than double Q1), an annualized run rate exceeding $50 billion by end of Q2 (up from $4 billion in July 2025), and expects to reach profitability in Q2. This filing establishes whether near-term enterprise demand and revenue recognition can sustain hypergrowth and whether hyperscaler-class AI vendors can achieve positive cash generation at scale before public markets test the claim.
439 other tracked developments touching the same claims.