Anthropic is shaping up to be exactly that.
The AI firm behind the Claude model series filed its draft S-1 with the SEC on June 1, 2026, setting the stage for what could be the largest technology debut in US market history. The company is targeting a Nasdaq listing with a valuation that analysts are placing somewhere between $1.5 trillion and $2 trillion.
The size of the thing
Anthropic closed a $65 billion funding round in May 2026, which valued the company at $965 billion before a single share hits the public market. The anticipated offering is expected to raise at least $86 billion, putting it in the same conversation as SpaceX’s $86.2 billion debut.
Goldman Sachs, JPMorgan, and Morgan Stanley are leading the underwriting.
