Anthropic Plans New Funding Round at Potential Valuation Above $900 Billion, Surpassing OpenAI

Anthropic, a leading generative artificial intelligence startup, is competing with OpenAI and other developers for enterprise and consumer customers. A large revolving credit facility would give the company additional flexibility to fund operations and expansion. Such arrangements are also commonly finalized before a company formally appoints banks to underwrite an initial public offering, making the proposed increase a significant signal of Anthropic’s capital-markets preparations.

Anthropic plans to expand its revolving credit facility fivefold, to $15 billion from $2.5 billion, Bloomberg reported. The company is stepping up preparations for a potentially massive IPO whose fundraising target could match or surpass the record associated with SpaceX. Anthropic has not disclosed a formal listing date or named underwriting banks, leaving the transaction’s timing and final size subject to further negotiations and market conditions.

Anthropic, the developer of the Claude family of artificial-intelligence models, has emerged as one of OpenAI’s most closely watched rivals. Rapid adoption by corporate customers has strengthened the company’s revenue outlook and investor appetite. A listing at a valuation of as much as $2 trillion could eclipse SpaceX and become the largest initial public offering on record, underscoring Wall Street’s enthusiasm for generative AI.

Anthropic began preparations for an IPO in 2026 and could move ahead as early as the autumn. Second-quarter revenue increased fourteenfold and the company turned profitable, while annualized revenue climbed to $65 billion. The Wall Street Journal also reported that Anthropic’s internal projections put its long-term potential revenue above $30 trillion, an exceptionally bullish estimate helping support investor expectations for a record valuation.

Anthropic, developer of the prominent Claude AI model, has seen its secondary-market valuation surge 550% this year to $1.2 trillion, overtaking OpenAI and drawing intense market attention. With demand for its shares far outstripping supply, the frenzy has reportedly prompted some investors to sell their homes to buy stock and fueled gray-market trading, forcing the company to issue a warning. The activity underscores the powerful pull that leading AI unicorns exert on capital amid the global artificial intelligence boom.

Bloomberg reported that Anthropic could go public as early as October this year. Three major investment banks are actively arranging meetings between investors and the company's senior executives, while an investor meeting is reportedly set to take place soon. The developments suggest that the company's listing plan, with a valuation closing in on $1 trillion, has entered its final stages. The market is closely watching whether Anthropic can complete the listing in October.

Founded by former OpenAI employees, Anthropic focuses on its Claude models and enterprise generative AI. Its “Computer Use” feature demonstrates how AI agents can operate computers. The company is competing with OpenAI for enterprise customers, computing capacity and talent, while its listing plans are also seen as an important test of capital-market appetite for high-cost AI business models.

Recent reports say Anthropic has confidentially filed an S-1 and selected Morgan Stanley and Goldman Sachs to lead the offering, with a listing possible as early as October 2026. Early reports put its valuation at about $380 billion and said it planned to raise more than $60 billion. Subsequent reports said the valuation first rose to $800 billion and could now reach $965 billion, closing in on $1 trillion.

Anthropic was founded in 2021 by former OpenAI employees and has expanded into the enterprise AI market through Claude and the Claude Code development tool. DeepSeek is backed by Chinese quantitative hedge fund High-Flyer and had not previously raised outside capital. The simultaneous surge in their valuations shows that U.S.-China competition in frontier models has expanded from technology into capital and enterprise customers, though secondary-market quotes are not the same as formal fundraising valuations.

Forge Global data on April 23, 2026, showed an implied secondary-market valuation of about $1 trillion for Anthropic, above OpenAI's $880 billion. The relevant quote rose further to $1.2 trillion on July 10. Claude Code's annualized revenue was estimated at $8 billion in May. DeepSeek began talks in April for its first external funding round since its founding, seeking to raise at least $300 million at a target valuation of more than $10 billion.

U.S. artificial intelligence company Anthropic competes with OpenAI and Google for enterprise customers and developers through its Claude family of models. Its valuation could reportedly reach $800 billion, double its previous level. If realized, the valuation would underscore the generative AI investment boom and strengthen the company's position as it plans an initial public offering by the end of 2026.

Recent reports said Anthropic was in talks for a new funding round that could lift its valuation to $800 billion. U.S. Treasury Secretary Scott Bessent also publicly praised the newly launched Mythos model, highlighting its coding and safety capabilities. He said such technology could help the United States maintain its lead over China in the AI race.

Founded by former OpenAI researchers in 2021, Anthropic focuses on its Claude models and enterprise AI. Claude Code has brought generative AI into software development and become a major revenue driver. The company’s refusal to allow its AI to be used for mass surveillance or fully autonomous weapons has put it at odds with the U.S. Department of Defense, with implications for government procurement and AI safety rules.

A March 3, 2026 report showed Anthropic’s annualized revenue had surpassed $19 billion, more than double the $9 billion recorded at the end of 2025 and up from about $14 billion just weeks earlier. The company completed a $30 billion Series G funding round on February 12 at a post-money valuation of $380 billion. The Pentagon formally designated Anthropic a supply-chain risk on March 5, but Claude added more than 1 million users per day that week.