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TechCheck

OpenAI vs. Anthropic: The IPO race 5/21/26

TechCheck

CNBC

Faang, Business, Cnbc, Management, Investing, Disruptors, Tech, Technology

4.566 Ratings

🗓️ 21 May 2026

⏱️ 2 minutes

🧾️ Download transcript

Summary

CNBC’s Kate Rooney reports on the blockbuster IPO in the making as the AI race heats up.

Transcript

Click on a timestamp to play from that location

0:00.0

SpaceX officially kicking off the race to the public markets with its S1 filing last night,

0:05.0

as new details also emerge about Anthropic and Open AIs IPO plans for themselves.

0:10.3

Kate Rooney has more in today's tech check segment. Kate.

0:13.2

Sarah, so the race is very much on.

0:15.6

I am now hearing that Open AI is preparing to file for an IPO.

0:18.9

Confidentially, that would be as soon as Friday and is looking

0:21.2

to go public as soon as September.

0:23.7

This is according to a source familiar with that deal process, an open AI spokesperson telling

0:28.0

CNBC that we, they rather, are regularly evaluating a range of strategic options.

0:34.0

This company was last valued at more than $850 billion, at least in private markets.

0:38.8

It would follow the record-breaking SpaceX listing with its own AI business, which is XAI.

0:44.4

I am also told by sources that rival Anthropic has been getting IPO ready behind the scenes,

0:49.5

but that is a bit more fluid when you look at timing.

0:52.4

Open AI is very much planting the flag here with Wall Street to get out first.

0:56.8

And get ahead of its biggest competitor right now.

0:58.7

Anthropic bankers that I'm talking to keep pointing to Uber and Lyft.

1:02.7

If you remember that rivalry, being first lets the company set the benchmarks,

1:06.4

justify losses, especially in this case, and then tell their story to the street.

1:10.3

Some new eye-popping

1:11.2

numbers, guys, from Anthropic highlight why Open Eye might be extra motivated to get out first. We

1:16.5

are hearing that Anthropic right now is on track to generate $10.9 billion in revenue for the

1:22.1

first quarter alone that would top all of its sales for last year and then double-anthropic sales

...

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