On June 1, 2026, the AI industry will usher in a historic moment:Anthropic officially confidentially filed an IPO registration statement (S-1 document) with the U.S. Securities and Exchange Commission (SEC), marking that this AI giant with a valuation of nearly one trillion US dollars has officially started its road to listing.
Trillion valuation: From “second in line” to front-runner
Less than a week before filing IPO documents, Anthropic just completed$65 billion in Series H financing, pushing the valuation to$965 billion, just one step away from the trillion mark.
Even more amazing is Anthropic's revenue growth.Annual revenue has exceeded US$47 billion, and the number at the end of 2025 was only 9 billion US dollars-more than 5 times in less than half a year.ClaudeThe series models have strong penetration in the enterprise market, and the Mythos model has huge expectations.
IPO race: Who among the three giants will land first?
Anthropic’s IPO isn’t an isolated incident—it’s in the midst of an unprecedentedCompetition for AI giants to go publicAmong:
- SpaceX: It will be listed on Nasdaq on June 12, with a target valuation of US$1.75 trillion and raising approximately US$75 billion. It will become the largest IPO in human history.
- Anthropic: Submitted S-1 on June 1, with a valuation of US$965 billion. The issuance price and fundraising scale have not yet been announced.
- OpenAI: It just completed US$122 billion in financing in March this year, with a valuation of US$852 billion, and is expected to submit an IPO application in September.
The Economist raised a sharp question in an analysis article: Can the public market simultaneously digest these three super IPOs that have raised a total of more than US$200 billion?
Mythos: The “nuclear weapon” hanging over IPO
Anthropic previewed its next-generation model in AprilClaude Mythos, but has so far maintained strict access restrictions - the reason is that the model is in internal testingThousands of high-severity vulnerabilities discovered, needs to be fixed before it can be made public.
For investors, Mythos is both Anthropic’s greatest imagination and greatest uncertainty.
What does it mean for Chinese users?
Although Anthropic does not currently provide services directly to the Chinese market, the impact of this IPO race is global.Completely reshaping the capital structure of the AI industry——Comprehensively shift from venture capital-driven to public market-driven.DeepSeek, Zhipu, Ali Tongyi, etc.), which means that the target ahead is moving at a faster speed.
The AI industry’s “super week” has just begun. AI Dash.