Ahead of its planned November IPO, Anthropic will put a 5% equity stake into a new public benefit fund, worth at least $50 billion and possibly near $100 billion at a $2 trillion valuation. The company will also add 2% more equity to the fund for every 50% rise in valuation, so public buyers would keep a smaller share of gains. The fund is a company-controlled LLC that cannot lobby or make political donations, but the board decides where the money goes and how much is donated, giving public shareholders little say in governance. Critics, including Elon Musk and David Sacks, argue the money should be given away directly, while the article links the timing to public backlash against AI.
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/19/2026 | 533.52 |
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