Anthropic is seeking to go public as early as mid-November, according to Bloomberg, with formal IPO marketing potentially starting in the week of Nov. 9. The company is aiming to begin trading before the Nov. 26 Thanksgiving holiday, while still expecting to complete the listing by year-end at the latest. People familiar with the matter said some prospective investors view a reasonable valuation range for Anthropic at roughly $1.8 trillion to $2 trillion. Bloomberg also reported that the company’s IPO could match or exceed the size of SpaceX. On the financial side, Anthropic posted about $4.6 billion in revenue for 2025, up from $386 million in 2024. At the same time, it recorded a net loss close to $42 billion, including more than $34 billion tied to changes in the fair value of liabilities, with operating losses exceeding $8 billion. The report said discussions are ongoing and the timetable may still change.
Anthropic is seeking to go public as early as mid-November, according to Bloomberg, and could begin formal IPO marketing in the week of Nov. 9. The company is targeting a trading debut before the Nov. 26 Thanksgiving holiday, while still expecting to complete the listing by the end of the year at the latest.
People familiar with the matter said some prospective investors see Anthropic’s reasonable valuation range at about $1.8 trillion to $2 trillion. The company’s IPO is also expected to reach or exceed the size of SpaceX, the report said.
Bloomberg reported that Anthropic generated about $4.6 billion in revenue in 2025, up from $386 million in 2024. Still, its net loss was close to $42 billion. More than $34 billion of that came from changes in the fair value of liabilities, while operating losses exceeded $8 billion.
The arrangements are still under discussion, and the timetable may continue to shift.
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