Anthropic and OpenAI have both filed for IPOs, with Anthropic targeting a November 2026 debut and OpenAI likely to follow in 2027. Both companies are advocating for a massive increase in U.S. power capacity to support their energy-intensive AI models.
TL;DR
- Anthropic and OpenAI file for IPOs, with Anthropic aiming for a November 2026 launch.
- Both companies push for 100GW of new U.S. power capacity to support AI growth.
- GE Vernova stands to benefit from increased demand for power generation equipment.
What happened
Anthropic filed a confidential S-1 initial registration statement with the U.S. Securities and Exchange Commission (SEC) on June 1, 2026, planning an IPO for November 2026. OpenAI filed its S-1 a week later and is expected to go public in 2027.
Both companies are advocating for a significant increase in U.S. power capacity. OpenAI has urged the U.S. government to invest in an additional 100 gigawatts of power capacity per year, while Anthropic released a report in July 2025 emphasizing the need for reliable power sources for AI model training.
Why it matters
The IPOs of Anthropic and OpenAI will provide investors with new opportunities in the AI sector. However, the companies' push for increased power capacity highlights the growing energy demands of AI data centers, which could drive up electricity costs for other customers.
GE Vernova, a provider of power generation equipment, is well-positioned to benefit from the increased demand for electricity driven by AI data centers. The company's stock has performed impressively, with new orders jumping 88% year over year in the second quarter of 2026.
Key facts
- Anthropic filed for IPO on June 1, 2026, targeting a November 2026 debut.
- OpenAI filed for IPO a week after Anthropic, aiming for a 2027 launch.
- OpenAI advocates for an additional 100GW of power capacity per year.
- Anthropic's report emphasizes the need for reliable power sources for AI model training.
- GE Vernova's new orders jumped 88% year over year in Q2 2026, to $24.2 billion.
- GE Vernova's electrification segment received $5 billion in orders from data centers in the first half of 2026.
- GE Vernova's stock is up around 45% year to date, trading at roughly 38 times forward earnings.
Context
The AI industry is experiencing rapid growth, with companies like Anthropic and OpenAI at the forefront. However, this growth comes with significant energy demands, raising concerns about the impact on electricity costs and the need for increased power capacity.
GE Vernova is one of the companies benefiting from the AI boom, providing essential equipment for power generation. The company's strong performance highlights the interconnectedness of the AI and energy sectors.
