Anthropic May Reach Record IPO Size of SpaceX

The comparison to SpaceX matters less as a size benchmark than as a signal of how AI labs are now being framed for public markets — as infrastructure-scale businesses rather than research outfits. That framing affects the whole capital chain around them, from compute suppliers to the private funds holding pre-IPO stakes. The open question is whether the reports firm up into actual filings, and whether the SpaceX parallel holds once valuation methodology and governance are scrutinized.