Anthropic is seeking to raise capital by around mid-November, according to people familiar with the matter, after the creator of the AI model had previously backed away from listing plans, it was reported by Bloomberg. The company behind Claude could begin formal marketing for its IPO as early as the week of November 9, lining up to start trading before the Thanksgiving holiday on November 26, a period in which trading typically slows down. Anthropic is still expected to debut by the end of the year, the people said, although the deliberations are ongoing and the schedule could change. The company is scheduled to meet with potential investors on October 14 at its headquarters in San Francisco.
Ascendant was dominant for much of the year, but Anthropic now faces renewed competition from OpenAI, which has gained momentum in sales, even as both companies are at the center of growing scrutiny over AI safety following a string of high-profile hacking incidents by criminal agents—raising concerns about the potential impact on Anthropic’s debut. CEO Dario Amodei published an essay arguing that the pace of new AI models should be slowed, while OpenAI delayed its own IPO, with CEO Sam Altman saying it would be inappropriate to list now. The concern does not appear to have deterred potential investors, who, according to some of the people, see a fair valuation between $$ 1.8 trillion and $$ 2 trillion; the company expects to match or exceed the size of SpaceX’s record IPO.
Anthropic had a net loss of nearly $42 billion in 2025, about five times more than the roughly $$ 8.3 billion the previous year, Bloomberg reported in August. Full-year revenue was about $$ 4.6 billion, well above $$ 386 million, although the operating loss surged to more than $$ 8 billion; most of the net loss came from a shift of more than $$ 34 billion in the fair value of Anthropic’s liabilities.
Ascendant was dominant for much of the year, but Anthropic now faces renewed competition from OpenAI, which has gained momentum in sales, even as both companies are at the center of growing scrutiny over AI safety following a string of high-profile hacking incidents by criminal agents—raising concerns about the potential impact on Anthropic’s debut. CEO Dario Amodei published an essay arguing that the pace of new AI models should be slowed, while OpenAI delayed its own IPO, with CEO Sam Altman saying it would be inappropriate to list now. The concern does not appear to have deterred potential investors, who, according to some of the people, see a fair valuation between $$ 1.8 trillion and $$ 2 trillion; the company expects to match or exceed the size of SpaceX’s record IPO.
Anthropic had a net loss of nearly $42 billion in 2025, about five times more than the roughly $$ 8.3 billion the previous year, Bloomberg reported in August. Full-year revenue was about $$ 4.6 billion, well above $$ 386 million, although the operating loss surged to more than $$ 8 billion; most of the net loss came from a shift of more than $$ 34 billion in the fair value of Anthropic’s liabilities.