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AI & tech, from the frontlines of Silicon Valley·● Issue 2026-06-02
Most recent edition · Tuesday · June 2, 2026
Anthropic files confidential S-1 at a $965B valuation, topping OpenAI's private mark

Anthropic files confidential S-1 at a $965B valuation, topping OpenAI's private mark

One week after closing a $65B Series H led by Altimeter, Dragoneer, Greenoaks, and Sequoia, Anthropic submitted a confidential draft S-1 to the SEC — a concrete IPO step, with share count and pricing still unset. The $965B post-money valuation now places Anthropic above OpenAI in the private-market rankings, a capital signal that the frontier-model race is converging on public markets.

anthropic.com →