Investors expect Anthropic to be valued at $2trn or more in its upcoming IPO, doubling its initial aim of $1trn and dwarfing SpaceX.

Anthropic is preparing an IPO for September or October, according to the Wall Street Journal, potentially the largest ever. During investor meetings, the company, valued at $965…

Half a dozen of the company’s backers said rapidly rising revenue would enable it to more than double its current valuation in a planned October float.