Anthropic Submits 261-Page Prospectus: Valuation Exceeds $2 Trillion, Potentially the Largest IPO in History

Golden Finance reports that on September 29, according to Reuters, the core content of Anthropic's latest prospectus reveals an IPO valuation exceeding $2 trillion, more than double the $965 billion estimated in May. If successful, it would break SpaceX's record and become the highest-valued IPO in human history. Projected revenue for 2025 is $4.59 billion (YoY +1088%), with operating losses exceeding $8 billion, GAAP net losses of $41.97 billion, and cash and short-term investments totaling $20.28 billion. The company plans to spend $518 billion over the next year on cloud computing and infrastructure, which is 113 times its annual revenue and 26 times its cash reserves. The prospectus also dedicates 80 pages to discussing AI existential risk. The IPO may be postponed until after the U.S. midterm elections in November.