Anthropic Just Filed For An IPO That Could Hit $1 Trillion

Anthropic has filed a confidential S-1 with the SEC for its IPO, following a $65 billion Series H funding round that valued the company at $965 billion. With an annualized revenue run rate of $47 billion (nearly 5x growth year-over-year) and 300,000 business accounts, Anthropic is positioned as a major frontier AI company. However, it faces intense competition from SpaceX and OpenAI, which are also pursuing public listings in 2026, potentially creating market saturation and allocation challenges for institutional investors.