Forget SpaceX: Here's The Blockbuster IPO I'm Waiting For
The Motley Fool
Last updated: June 5, 2026
The article discusses two upcoming Initial Public Offerings (IPOs), SpaceX and Anthropic, highlighting Anthropic's potential as a pure generative AI company and a more attractive investment. SpaceX is preparing for its IPO with a target valuation of $1.75 trillion, while Anthropic has confidentially filed its S-1, indicating a potential IPO within months.
- The author expresses greater interest in Anthropic's IPO over SpaceX's, viewing Anthropic as a pure generative AI company with significant growth potential.
- Anthropic's large language model, Claude, is noted as a leader in coding, and the company reported an annual revenue run rate exceeding $30 billion, a substantial increase from $9 billion at the end of 2025.
- While SpaceX has diverse assets like Starlink, its AI ventures are less profitable and integrated compared to Anthropic's focused AI business.
- Anthropic recently closed a funding round valuing it at $965 billion, and its IPO market cap could be even higher.
- The article suggests Anthropic could be a cheaper stock on a price-to-sales basis than SpaceX, given its higher revenue base relative to its market capitalization.
- SpaceX generated $18.7 billion in revenue in 2025, making Anthropic's growth and valuation metrics appear more compelling to the author.
