Anthropic could raise around $100bn in an October listing, with backers modelling a valuation of at least $2tn. The company says it has set no target.

Anthropic expands its credit facility to $10B ahead of its IPO. Market cap below $1.25T at IPO close at 3.6% YES.

Anthropic expects to match or beat SpaceX's $75bn IPO, the largest ever. It lost almost $42bn in 2025, five times the previous year's loss.