Exclusive-Anthropic aims to raise up to $69.3 billion in blockbuster IPO

Key Takeaways

• Anthropic is targeting a record‑breaking IPO, seeking to raise as much as $69.3 billion—potentially topping SpaceX’s $75 billion raise depending on structure, although projections range up to $100 billion in some reports (investing.com).
• Investors value Anthropic between $1.5 trillion and $2 trillion, underpinned by its explosive revenue growth—roughly $16 billion in H1 2026—and massive infrastructure commitments of over $500 billion (apnews.com).
• Risks include steep losses ($42 billion net loss in 2025), dependency on major cloud partners for its compute-heavy model, and slowing revenue growth—factors that could pressure the IPO valuation (investing.com).