🔥 Anthropic’s IPO is approaching. The company could release its prospectus as early as today, ahead of a potential November listing. Revenue has surged nearly 15 times in just one year, but Anthropic is still losing money. 4 key takeaways: > Explosive revenue growth, but still unprofitable H1 revenue reached $16.3B, up from just $1.1B a year earlier. Net losses hit $80.7B, although roughly $72B came from noncash accounting adjustments rather than actual cash spending. > Growth is slowing as infrastructure costs pile up Q3 revenue rose 45% QoQ, down from over 140% growth in Q2. Meanwhile, Anthropic has over $600B in future commitments for cloud computing, chips and data centers. > Heavy reliance on Amazon and Google In 2025, 47% of Anthropic’s revenue came through Amazon and Google’s cloud platforms. Both companies are also major investors and computing infrastructure providers. > Founders will retain control Anthropic’s seven cofounders plan to hold 50.1% of voting power through a special share structure, while an independent trust can appoint or remove a majority of the board. With valuation expectations reportedly falling from $2T to around $1.5T, Anthropic’s IPO could become a major test of investor confidence in the AI boom. Can this kind of growth justify a $1.5T valuation? #Anthropic #IPO #AI #Google #Amazon