Anthropic has filed an S-1 with the SEC, seeking to list on the Nasdaq under the ticker "ANT." The Wall Street Journal reports the offering could raise $100 billion or more at a valuation of $1.5 to $2 trillion, potentially surpassing the record set by SpaceX's June IPO. Goldman Sachs and Morgan Stanley lead a long list of underwriters, with trading reportedly targeted for the week of November 16.
The filing marks the first official look at Anthropic's financials. Revenue for the first half of 2026 reached $16.3 billion, a sharp increase from $1.16 billion a year earlier. The company posted an $80.7 billion net loss, though about $72.4 billion of that is a non-cash charge tied to convertible notes. The operating loss was a much smaller $693 million.
Anthropic reports more than 11,900 customers now spend at least $100,000 annually, and it holds approximately $131.7 billion in cash and short-term investments. The company has also secured major compute commitments, including up to $114.5 billion with Google, at least $110 billion with Amazon, and a separate deal for AMD Instinct MI450 GPUs. Anthropic cautions it may not reach or sustain profitability and expects costs to keep rising. OpenAI, meanwhile, says it does not expect to go public until next year.
Source: TechPowerUp News · Summarized by HeadlinesBriefing