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- Anthropic has unveiled plans to raise up to $90 billion in its record-breaking IPO.
- The AI startup said in a filing its shares would be priced between $70 and $78.
- It means Anthropic’s IPO could outstrip the $75 billion initially raised by Elon Musk’s SpaceX.
Anthropic has set a price for its much-anticipated IPO.
In a regulatory filing on Tuesday, the AI startup said that shares for the upcoming public offering would be priced between $70 and $78, indicating that it intends to raise between $57 billion and $64 billion.
The filing also said that Anthropic has entered into an agreement with investors, including Broadcom, Google, and Nvidia, to purchase $26 billion in shares at the IPO price, bringing the total amount the company could raise up to around $90 billion.
At the high end, that would make Anthropic’s public offering the largest of all time, outstripping the $75 billion initially raised by SpaceX’s record-breaking IPO in June. Elon Musk’s rocket company ultimately sold more than $85 billion worth of shares.
A raise at that scale could give Anthropic, which is reportedly targeting its IPO for mid-November, an implied valuation of up to about $1 trillion. Anthropic said in the filing it would reveal the date of the proposed share offering “as soon as practicable.”
The Claude maker was valued at $965 billion following its $65 billion funding round announced in May. Business Insider reported in July that Anthropic had soared to a $1.2 trillion valuation on the secondary market amid surging demand for shares.
It marks a dizzying rise for the red-hot AI startup, which was founded in 2021 by CEO Dario Amodei and other former members of OpenAI.
In Anthropic’s S-1 filing, which was released last month, the company disclosed a total net loss of about $42 billion in 2025 against revenue of $4.6 billion.
In an amended filing submitted earlier this month, Anthropic said it generated nearly $17 billion in revenue in the third quarter, and a $567 million operating loss.
The AI firm also disclosed $895 billion in committed spending on compute and infrastructure — nearly half of it expected by the end of 2030.
This is a developing story. Check back later for updates.
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