Anthropic No Longer Expected to Surpass SpaceX as Largest 2026 IPO

Anthropic is no longer expected to surpass SpaceX as the largest IPO by market capitalization in 2026. Markets now price just a 28 percent chance of Anthropic leading the year's IPOs, down from 62 percent, following reports of a potential high junk credit rating. Meanwhile, OpenAI has reportedly reduced its fundraising valuation target by $150 billion, and Anthropic is expected to hold its initial public offering this month. Open article →