San Francisco, Oct 26 (AP) Artificial intelligence giant Anthropic filed papers Monday for what could be the biggest initial public offering of stock ever, even as its top executive warns that advanced AI could pose an existential threat to humanity.
The filing sets up the San Francisco company for a Wall Street debut next month, potentially eclipsing the SpaceX initial public offering in June that raised a record USD 86 billion. An Anthropic IPO would also put the company ahead of OpenAI in going public in what is expected to be a pair of blockbuster stock debuts for the rival AI labs.
The filing comes weeks after CEO Dario Amodei argued in an essay for slowing the development of the most advanced AI models. An IPO could provide Anthropic with enormous resources to accelerate its expansion. The amount the company ultimately raises remains uncertain, as do its final valuation and offering price, but even at lower estimates, it would turn the five-year-old startup into one of the world’s most valuable companies and potentially boost the wealth of Amodei and his sister and co-founder, Daniela, by billions of dollars.
The 335-page document showed Anthropic’s revenue is growing rapidly, but like many other tech companies going public, it has yet to turn a profit. The company behind the chatbot Claude reported a net loss of USD 80.7 billion in the first half of 2026. That compares to a loss of USD 13 billion in the same period a year earlier.
Despite the losses, Anthropic, valued earlier this year at USD 965 billion by private investors, is reportedly set to see that value rise to USD 1.5 trillion or possibly USD 2 trillion, although its final valuation has not been established. At USD 1.5 trillion, Anthropic would rank among the world’s most valuable public companies, alongside Tesla.
As for money raised, the offering could raise as much as USD 100 billion, according to reports, surpassing the current record set by another one of Musk’s companies, SpaceX, earlier this year.
In a regulatory filing, Anthropic said it will list its stock on the Nasdaq Global Select Market under the ticker symbol “ANT.
(PTI News)
