Anthropic is aiming for a listing at the record size of SpaceX, and OpenAI is speeding up its own
According to Bloomberg, Anthropic, the maker of the Claude model, expects to match or beat the largest initial public offering ever done, SpaceX's, carried by demand from investors eager to ride the AI wave. The same day, OpenAI confirmed it is targeting a listing by 2027, possibly sooner, as the company sees a run of executive departures and as Greg Brockman, its co-founder, expands his role to the point where The Verge runs the headline "it's Greg Brockman's OpenAI now". Both labs are racing to the public markets at the same moment, on the same promise: enterprise revenue expected to last. That promise underpins valuations of several hundred billion dollars. The news of the same day supplies the counterpoint, and that is the subject of our analysis.

