Bloomberg: Anthropic Targets Mega-IPO Before Thanksgiving with $2 Trillion Valuation Goal

According to Bloomberg, AI startup Anthropic is planning a massive IPO, aiming to list on the Nasdaq before the U.S. Thanksgiving holiday in late November. The company is reportedly targeting a valuation of $2 trillion and seeking to raise up to $100 billion, which would surpass the record set by SpaceX. While Anthropic has seen its annualized revenue run rate exceed $65 billion as of July, it continues to face significant operating losses, with reports indicating a net loss nearing $42 billion. The company is currently working with major investment banks, including Morgan Stanley, Goldman Sachs, JPMorgan, and Citi, to finalize the offering.