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AI giant Anthropic files for an IPO that could break records
· Confirmed
In Short: AI firm Anthropic has filed for an initial public offering (IPO) in the US, potentially setting a record for the highest valuation in a tech company's debut.
AI firm Anthropic has filed for an initial public offering (IPO) in the US, potentially setting a record for the highest valuation in a tech company's debut. The filing, which could value the company at between $1.5 trillion and $2 trillion, would surpass SpaceX's record-breaking $86 billion IPO in June.
Anthropic, founded just five years ago, recently raised money from private investors that valued the company at more than $965 billion, ahead of OpenAI's most recent valuation of $852 billion. The company's revenue has grown rapidly, with first-half 2026 revenue of $16.3 billion, up from $1.2 billion in the same period last year.
However, like many tech companies going public, Anthropic has yet to turn a profit. The company reported a net loss of $80.7 billion for the first half of 2026, more than six times the net loss of nearly $13 billion for the first two quarters in 2025.
In its filing, Anthropic said it would list on the Nasdaq under the ticker symbol “ANT.” The company also plans to commit 5% of its shares to a fund that will make donations for the “public good.”
The filing highlights Anthropic's rapid growth and heavy capital spending. The company spent $8.9 billion in the first half of the year on chips and other infrastructure to run its platform, compared to $2.3 billion over the same period last year.
Analysts have mixed views on Anthropic's IPO. Some see it as a key test for the rapidly emerging AI sector, while others are concerned about the company's ability to maintain its momentum and deliver returns.
The company's CEO, Dario Amodei, has called for a slowdown in AI development after one of his company's former researchers said there's a 10% chance the technology could wipe out humanity in the next decade.
Anthropic's IPO could raise as much as $100 billion, according to reports, and is expected to be held around mid-November.
The filing also shows that Anthropic holds a right of first refusal on the campus’s expected third building, Bloomberg reported.
The company's prospectus shows that the advent of machine intelligence is one of the seminal moments in human history, and Anthropic will continue to weigh the effects of its models on the public good before issuing any new products.
The filing also highlights the need for cash, which may explain why Anthropic is rushing to tap public markets this year, and not waiting until next year, as is OpenAI's plan.
Background
AI firm Anthropic has filed for an IPO that could value the company at up to $2 trillion, surpassing SpaceX's debut.
What's confirmed
- Artificial intelligence (AI) firm Anthropic has revealed its plans to go public in the US, a move which would allow people to buy and sell its shares on the stock market.
- Anthropic, founded just five years ago, recently raised money from private investors that valued the company at more than $965bn (£717bn), ahead of OpenAI's most recent valuation of $852bn.
- Anthropic chief executive Dario Amodei created the firm after leaving OpenAI, where he had worked for several years, over disagreements with its chief executive Sam Altman.
- President Donald Trump said the US would "never do business with [Anthropic] again" and Defence Secretary Pete Hegseth banned any US agency from using Claude.
- Sana Kharegani, chief strategy officer of AI firm Era 4, said Anthropic's decision to go before OpenAI's potential listing "carries a bit of a risk".
- Anthropic said the price and number of shares to be offered "have not yet been set".
- The 335-page document showed Anthropic's revenue is growing rapidly, but like many other tech companies going public, it has yet to turn a profit.
- Anthropic PBC is planning to publicly file for an initial public offering (IPO) on Monday at around 9 AM in New York as the artificial intelligence (AI) model maker moves closer to a potentially record-breaking stock market debut.
- Anthropic, which was valued at $965 billion in May, could see its value rise to $1.5 trillion or possibly $2 trillion, although its final valuation has not been established.
- The offering could raise as much as $100 billion, according to reports.
- While SpaceX beat its AI industry peers to the punch, investors have been eyeing the IPOs of Anthropic and OpenAI for months.
- Anthropic, the developer of the Claude AI models, said it had filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering.
What's still developing
- "We'll do it when it makes sense," Altman said.
- "Neither Anthropic nor OpenAI wants to be the last major AI pure-play to list."
- Anthropic is trying to convince Wall Street that the AI rocket still has fuel, filing papers Monday for a blockbuster IPO next month that would cut in front of OpenAI and look to eclipse SpaceX's eye-watering stock-market debut.
- FILE - Dario Amodei, CEO and co-founder of Anthropic, attends the annual meeting of the World Economic Forum in Davos, Switzerland, Jan.
- The Trump administration barred Anthropic, an AI startup known for its Claude chatbot, from working with the U.S. government, citing national security concerns.
- Anthropic has confidentially filed for an IPO, positioning the Claude creator to become one of the biggest AI companies to enter public markets Anthropic did not immediately reply to a Reuters request for comment.
- Monday’s filing with the Securities and Exchange Commission showed that Anthropic, like other AI firms, is splashing out unprecedented amounts of cash on cloud services to run its AI models.
- Anthropic IPO is preparing for a potential public-market debut in October, with sources indicating that the artificial intelligence company could begin marketing its IPO to investors around mid-month.
- The AI company will trade under the ticker symbol "ANT." More broadly, the transaction will gauge the strength of investor demand not only for Anthropic shares, but also for the widening constellation of data center builders, chipmakers and other companies involved in developing the critical infrastructure powering AI services.
- The IPO, which market analysts expect as early as November, could instantly rank Anthropic among the world's largest publicly traded companies.
- Anthropic may be just days away from making a major step toward becoming a public company — but there’s still time for things to change.
- Investors will have to wrestle with a big question as Anthropic starts to drum up demand for its IPO: Can the AI-native company edge out the legacy tech giants?