Anthropic Chooses Nasdaq for Blockbuster IPO
Anthropic IPO 2026: Inside the $2 Trillion Nasdaq Listing That Could Beat SpaceX's Record TL;DR Anthropic confidentially filed a draft S-1 with the SEC on June 1, 2026 . Reporting now points to a Nasdaq listing in November , not October, probably after the US midterm elections. Anthropic hasn't confirmed a date, and no public prospectus is on EDGAR yet. Investors are talking about a valuation of $2 trillion or more , against $965 billion in May. That would top SpaceX's $1.77 trillion debut as the largest IPO by valuation. Run-rate revenue went from about $9 billion at the end of 2025 to more than $65 billion by late July . But the draft prospectus, reviewed by Reuters and the Financial Times in late September, also shows a $42 billion net loss in 2025 (about $34 billion of it a non-cash charge) and $518 billion in future compute commitments . The "Fable 5 was hacked" version of the June story is wrong. The real event was a US export-control order that for...