SAN FRANCISCO — Anthropic submitted a confidential initial public offering filing to the U.S. Securities and Exchange Commission on June 1, 2026. This San Francisco-headquartered artificial intelligence company was founded in 2021 by former OpenAI executives.
Anthropic holds a recent corporate valuation of $965 billion and reported an annualized revenue of $47 billion. OpenAI, currently valued at $852 billion, plans an IPO for the fall of 2026 but has not yet submitted IPO paperwork to the SEC.
Other companies have also announced IPO plans, with SpaceX planning to raise up to $75 billion in an initial public offering in June 2026. In 2019, Saudi Aramco raised $26 billion during its initial public offering.
Michael Field, chief equity analyst at Morningstar, stated that companies are using public equity as a source to fund their activities. "These companies are now burning through cash to win the AI race, and public equity is the cheapest source available, particularly in a rising interest rate environment." Field said.
In the broader technology sector, Alphabet's market capitalization reached $4.54 trillion in early June 2026, increasing from $2.3 trillion in early June 2025. Meta's market capitalization was $1.55 trillion in early June 2026.
Analysts adjusted price targets for various technology stocks. Bank of America analyst Koji Ikeda said, "Execution remains top notch, with improving demand trends supporting further beat-and-raise potential." UBS analyst Timothy Arcuri said, "We believe the market will start to put a more normal multiple on the stock and MU will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex." Mizuho analyst Vijay Rakesh projects wafer fabrication equipment spending will reach $153 billion in 2026.