Anthropic plans its public debut next month, seeking to raise $100 billion in what could be the largest IPO ever, which would surpass the June listing of Space Exploration Technologies (SPCX). Its S-1 shows revenue grew from $41 million in 2023 to $386 million in 2024 and about $4.6 billion in 2025, reaching $16.3 billion in the first half of 2026, more than 1,300% above the same period of 2025. Third-quarter results were not included, and recent reports suggest growth slowed then. The first-half net loss of $80.7 billion mostly reflects a $72.4 billion non-cash charge tied to revaluing convertible debt; the operating loss narrowed to $693 million from $2.1 billion a year earlier, and the company posted a $974 million operating profit in the second quarter. Anthropic also has roughly $750 billion in spending commitments to compute providers and chipmakers, most of them non-cancelable, which the article says could leave it in a tight financial position if sales projections prove too optimistic.
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• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
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