Anthropic remains one of the few major companies proceeding with a public debut despite a broader slowdown in the US IPO market. Rising interest rates, midterm elections, and investor skepticism regarding tech valuations have led to the postponement or cancellation of numerous other planned offerings.
The company's anticipated IPO could reach a valuation of up to $2 trillion, potentially making it the largest in history. This figure would exceed the estimated valuation of SpaceX, which ranges between $1.77 trillion and $1.8 trillion.
Anthropic reported revenue of $16.8 billion for the third quarter of 2026, marking a growth of approximately 45% to 46% compared to the second quarter. Revenue for the first quarter was $4.7 billion, while the company recorded a net loss of approximately $42 billion on $4.6 billion in revenue in 2025.
The official marketing for the IPO is scheduled to begin the week of November 9, 2026. Trading is expected to potentially commence before Thanksgiving, on November 26, 2026. The process faces scrutiny regarding the company's compute obligations and AI safety risks.
