The company's bankers have told potential investors it could seek to raise "more than $100 billion" in its IPO, which could put the company's value at $2 trillion, The New York Times reported Friday, citing two unnamed sources with knowledge of the talks.

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.

A first-time share sale topping SpaceX would easily power 2026 to become the best year on record for US IPO volume, data compiled by Bloomberg show.