Artificial intelligence startup Anthropic on Monday unveiled its public IPO filing for the first time ahead of what is expected to be one of the largest stock debuts in history.
\n\nThat offering, widely expected to come sometime in mid-November, could value the Claude developer at more than $2 trillion. That could surpass the current record holder, Elon Musk’s SpaceX, which raised $75 billion in an IPO in June that valued the rocket-AI-social media firm at $2.1 trillion.
\n\nMonday’s filing with the SEC showed that Anthropic, like other AI firms, is splashing out unprecedented amounts of cash on cloud services to run its AI models. The filing said that the company recorded revenue growth that “grew 1,368% year over year for the three months ended June 30, 2026.”
\n\nThe cost of cloud services to run its services grew by 300% over the same period.
\n\nAnthropic’s net loss for the first six months of 2026 was $80.7 billion. For the entirety of 2025, the company reported a $42 billion net loss.
\n\nAnthropic added that it expects its current cash and sales to be sufficient for the next 12 months, but warned that future revenue growth depends on a number of important factors…
Original source: https://www.nbcnews.com/