Artificial intelligence tech firm Anthropic filed papers Monday for what could be the biggest initial public stock offering in history.

The filing by the San Francisco comes amid a complicated moment for AI – becoming nearly ubiquitous in nearly every aspect of the U.S. economy and everyday American life while at the same time posing the threat of becoming a dangerous, runaway technology.  

The Wall Street offering is set to happen next month, potentially eclipsing the SpaceX initial public offering in June that raised a record $86 billion, according to the Associated Press. 

The 335-page document filed Monday shows Anthropic’s revenue is growing rapidly. But like other AI labs, it has yet to turn a profit. Anthropic, which developed the chatbot Claude reported a net loss of $80.7 billion in the first half of 2026.