Anthropic’s debut on public markets will be unlike any that’s come before it, in ways that amount to either a once-in-a-generation opportunity — or a massive financial gamble, depending on whom you ask.
When the startup behind the Claude AI assistant begins trading as soon as next week, there will be no analog to measure its performance against. The market has simply never seen a dedicated AI model developer go public. It is rare for a business to IPO as a public benefit corporation and, other than SpaceX, it is unheard of for any company to go public with a potential target valuation above $1 trillion.
