Anthropic, maker of the Claude AI tools, may be heading toward an IPO after releasing its prospectus this month, with press reports eyeing a valuation of $1.5 trillion to $2 trillion. Its revenue in the six months ended June 30 reportedly surged 1,300% to more than $16 billion, with net revenue retention of 900% as of Sept. 30 and over half of the Fortune 500 spending $100,000 or more on its services. The article flags risks in the prospectus, including a history of losses and potential catastrophic or existential AI risks. Historically, eight of 10 of the biggest IPOs from 1999 through 2023 fell in their first three months of trading, and SpaceX dropped about 6% in its first three months after its June IPO, which raised $85 billion. The author says aggressive investors may move quickly, while most others could keep Anthropic on their watch lists.
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| 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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