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Anthropic has confidentially submitted a draft registration statement on Form S-1 to the SEC<\/a>, putting the AI company on a path toward a potential public offering \u2014 and igniting what Wedbush analyst Dan Ives is calling a full-on race to Wall Street.<\/p>\n The filing does not set a share count, does not constitute an offer to sell securities and depends on SEC review, market conditions and other factors.<\/p>\n But the move is significant: Anthropic is looking to get ahead of rival OpenAI, which is preparing its own confidential filing, even as SpaceX \u2014 which submitted its S-1 on May 20 \u2014 heads into its roadshow this week.<\/p>\n Don’t Miss:<\/p>\n \u2018Opening of the Floodgates’ <\/p>\n \u201cThis represents an opening of the floodgates for the IPO market, which has been relatively dormant for a few years,\u201d Ives wrote, noting that all three companies are targeting public listings in 2026.<\/p>\n The timing is backed by explosive financial momentum. Anthropic raised $65 billion in a new Series H round, vaulting its valuation from $380 billion \u2014 following a prior $30 billion raise \u2014 to $965 billion.<\/p>\n Revenue has surged just as fast: the company reported a $47 billion annual revenue run rate as of May 28, up from $30 billion earlier this year and $10 billion in ARR at the end of last year.<\/p>\n Product velocity matches the financial story. Claude just launched Opus 4.8, which runs at 2.5x the speed of prior models and costs 3x less.<\/p>\n Ives flagged the model\u2019s reliability improvements: Opus 4.8 is trained to flag uncertainties and avoid unsupported claims, and is 4x less likely to let code flaws pass unremarked \u2014 a direct shot at hallucination risk that has haunted enterprise AI adoption.<\/p>\n Trending: Avoid the #1 Investing Mistake: How Your \u2018Safe’ Holdings Could Be Costing You Big Time<\/a><\/p>\n Anthropic also announced that Mythos-class models will roll out to customers in the coming weeks, following an exclusive preview to select users.<\/p>\n On the infrastructure side, Anthropic is not waiting. The company has secured five gigawatts of new compute capacity with Amazon.com Inc. and five gigawatts of next-generation TPU capacity with Alphabet Inc. and Broadcom Inc..<\/p>\n It is also spending $1.25 billion per month with SpaceX for GPU access across the Colossus 1 and Colossus 2 clusters \u2014 a staggering commitment that signals the scale at which Claude is being deployed.<\/p>\n Mega-IPO Race is On <\/p>\n Ives says more details from the S-1 are expected in the coming weeks, with Anthropic, OpenAI and SpaceX all angling to be first through the door in what has become the most hotly contested IPO sprint in years. Investors will be watching closely.<\/p>\n Photo: PhotoGranary02 \/ Shutterstock<\/p>\n Read Next:\u00a0<\/p>\n Building Wealth Across More Than Just the Market <\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.<\/p>\n Arrived <\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.<\/p>\n Vinovest <\/p>\n Fine wine and rare whiskey have historically moved independently of the stock market, making them a compelling alternative asset. Vinovest manages authenticated, insured portfolios of investment-grade wine and whiskey starting at $5,000<\/a> \u2014 sourcing, storage, and insurance all handled for you.<\/p>\n FarmTogether <\/p>\n Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000<\/a> \u2014 fully managed, with no landlord headaches.<\/p>\n EquityMultiple <\/p>\n For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000,<\/a> with only ~5% of opportunities passing their due diligence process.<\/p>\n Bitcoin IRA\u00a0 <\/p>\n