Just 12 days after SpaceX filed its S-1 registration statement with the U.S. Securities and Exchange Commission, another private-market giant has taken its first formal step toward the public markets.

Anthropic announced Monday that it has confidentially submitted a draft registration statement on Form S-1 to the SEC for a proposed initial public offering.

On the surface, the two companies couldn’t be more different.

SpaceX is building rockets, satellites and what could become the world’s most valuable communications network through Starlink. Anthropic is building large language models and competing with OpenAI, Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google and others in the race to develop advanced artificial intelligence.

But on Wall Street, they may soon be competing for something much more important: investor attention.

The Battle For The Next Growth Dollar

For years, investors have searched for the next transformative technology company after Nvidia Corp‘s (NASDAQ:NVDA) historic rise.

SpaceX immediately emerged as one of the market’s most anticipated listings when it filed its S-1 in May. The company offers investors direct exposure to commercial spaceflight, satellite communications, launch infrastructure and ...