Anthropic, maker of the Claude AI models, has filed for an IPO that could surpass SpaceX's June 12 listing as the largest on record. Its first-half 2026 revenue reached $16.3 billion, up 1,300%, though its net loss of $80.7 billion, mostly from non-cash charges, widened 523%. Some reports put the IPO valuation at $1.5 trillion to $2 trillion, a price-to-sales ratio of about 101.5 at the high end. Using SpaceX as a reference, the article notes its shares at $143 remain below its $161 first-day close, suggesting much of its progress was already priced in. The article says waiting months or years before investing may not be the worst approach, though the company looks promising.
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