Anthropic is preparing for a possible initial public offering that could value the company at $2 trillion, based on revenue numbers that might exceed $100 billion by the end of the year. The company has filed confidentially with the Securities and Exchange Commission, but its S-1 financials have not been made public.
Reuters has reported that the listing could take place in November, though people familiar with the plans could not confirm a specific date. If the IPO goes ahead, the valuation would surpass SpaceX's historic debut, according to the source.
Market conditions remain a major variable. Rising interest rates and comments from Broadcom CEO Hock Tan about capital access have rattled AI stocks, with chip shares falling on Tuesday. Bankers are closely watching investor appetite for growth and AI names as Anthropic moves toward its debut.