Anthropic Tops OpenAI On Revenue With $30B Run-Rate While SpaceX Plans June Investor Roadshow Ahead Of Mega IPOs

• Retail investors are already gaining exposure to these marquee pre-IPO tech names through funds such as ARKK, VCX, DXYZ, and AGIX.
• Anthropic announced a major cloud deal with Broadcom, which also involves Google, on Monday.
• CNBC’s Jim Cramer worries about ‘excess supply’ and argues that Anthropic, OpenAI, and SpaceX IPOs should be spaced out.

AI startup Anthropic has revealed that its annualized revenue rate has surged past $30 billion, more than tripling from $9 billion last year and surpassing rival OpenAI. It also now serves over 1,000 customers, each paying upwards of $1 million annually, marking key growth milestones as it moves toward a potential IPO.

Meanwhile, Elon Musk-owned SpaceX reportedly engaged with bankers on Monday and discussed plans to host its IPO roadshow and a major event for retail investors in June, Reuters reported, citing sources. 

Along with a potential IPO from OpenAI, the listings from Anthropic and SpaceX would make 2026 a bumper year for IPOs, as the two are planning to raise around $60 billion and $75 billion, respectively, according to reports.

The developments underscore a rapid push toward listings, fueling rising investor enthusiasm and drawing closer scrutiny from analysts.

Retail Investors Eye SpaceX, Anthropic Exposure

Retail investors are already gaining exposure to these marquee pre-IPO tech names through funds such as ARK Innovation (ARKK), Fundrise Innovation Fund (VCX), Destiny Tech100 (DXYZ), and KraneShares Artificial Intelligence & Technology ETF (AGIX).

Last week, Ark Invest said it picked up a $240 million stake in OpenAI through its funds ARKK, ARK Fintech Innovation (ARKF) and ARK Next Generation Internet (ARKW). Stocktwits previously published explainers on investing in Anthropic and SpaceX ahead of their IPOs.

The interest is high, so much so that some analysts worry that the scale of these listings would distort the market. “I am very worried about the amount of supply stemming from SpaceX, OpenAI and Anthropic,” CNBC’s Jim Cramer said in an X post on Monday. “They really need to be spaced out and we will need no lock-ups so SpaceX won't open at $3 trillion.”

Anthropic, SpaceX Updates

Anthropic discussed its revenue milestone alongside the announcement of a major deal with Google and Broadcom. Broadcom will develop and supply custom artificial-intelligence chips for Google and additional computing capacity for Anthropic, as part of an expansion of the strategic collaboration among the three companies. Anthropic will access about 3.5 gigawatts of TPU-based computing capacity beginning in 2027. 

The latest data from Claude AI’s developer indicates it has, in effect, pipped Sam Altman’s OpenAI, which reportedly had an annualized revenue rate of $25 billion (as of the end of February).

SpaceX would launch its IPO roadshow on June 8, followed by an event for 1,500 retail investors on June 11, Reuters reported. About 125 financial analysts from the 21 banks on the ​deal are scheduled to meet with the company the day before its roadshow.

An IPO roadshow is a series of presentations by a company’s management to potential investors to generate interest and gauge demand before going public.

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