Investors hope Anthropic would be valued at $2trn or more – doubling its initial target and dwarfing SpaceX on the way.

Anthropic’s upcoming blockbuster initial public offering could match or exceed funds raised by SpaceX, more sources have confirmed with Bloomberg, as the five-year-old AI company reportedly aims for a listing as soon as the end of August.

Earlier this month, the Financial Times reported investors’ expectations that Anthropic would be valued at $2trn or more – doubling its initial target of $1trn and dwarfing SpaceX as the largest public listing in history.

Details of the IPO plans have been kept guarded, with the company yet to fix on a valuation. Anthropic was last valued at $965bn after a $65bn Series H in May.

Backers – including venture capitalists, other industry giants and institutional investors – have poured nearly $100bn into Anthropic just this year, fuelling the business as it looks to build its own AI chips to keep up with the surging demand for its AI products.