Anthropic has chosen Morgan Stanley and Goldman Sachs to lead its initial public offering, according to a Bloomberg report, moving the Claude maker closer to a public debut. JPMorgan Chase is also involved.

The company is weighing a listing as soon as October and has filed confidentially for an IPO, though details could still change.

Anthropic was valued at $965 billion in its latest funding round, surpassing OpenAI’s valuation for the first time and making it one of the world’s largest private companies.

Founded in 2021 by former OpenAI employees including CEO Dario Amodei, Anthropic has positioned itself as a safety-focused AI developer. It has gained traction with enterprise customers, developers, financial firms, and healthcare clients through Claude and its coding tools.

The IPO preparations come as OpenAI also moves toward a possible public listing. Bloomberg reported that SpaceX has agreed to provide Anthropic with AI computing capacity, including access to hundreds of thousands of Nvidia chips, under a supply agreement through May 2029.

Anthropic’s latest systems, including Opus 4.8 and the upcoming Mythos model, have intensified attention around its technical lead and raised new AI safety concerns.