Anthropic has unveiled its public IPO filing, setting the stage for a potential mid-November listing that could value the AI company at more than $2 trillion. The developer of Claude has not yet disclosed its expected share price, offering size or valuation, which will be determined after meetings with investors and underwriters. Anthropic plans to trade on Nasdaq under the ticker ANT, with Goldman Sachs and Morgan Stanley serving as lead bankers.
The filing detailed the scale of Anthropic’s planned spending on cloud computing and AI infrastructure. The company expects to spend at least $110 billion with Amazon through April 2036 and $120 billion with SpaceX through 2029. It also outlined planned spending of $115 billion with Google and $45 billion with Microsoft, both through 2033. Anthropic’s revenue rose 1,368% year over year in the second quarter of 2026, while cloud service costs increased 300%.
Despite its rapid growth, Anthropic reported an $80.7 billion net loss for the first six months of 2026, following a $42 billion loss in 2025. It said it had raised approximately $141 billion through June and held $112.4 billion in cash. The company expects its current cash and sales to cover the next year but warned that rising infrastructure costs and other factors could lead it to seek financing earlier than planned. The offering is taking shape as investors reassess the scale of AI spending and its financial benefits beyond the technology sector.
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