Anthropic Could Beat OpenAI to Wall Street by Over a Year

Anthropic is on track to go public as early as November 2026, potentially beating OpenAI to Wall Street by over a year after OpenAI postponed its IPO to 2027 or later. However, the $100 billion Anthropic aims to raise would cover only 19% of its $518 billion in long-term infrastructure commitments. At a $2 trillion valuation, Anthropic would trade at 33x estimated 2026 sales, requiring the company to demonstrate that rapid revenue growth can translate into strong profitability.