Published 5 hours ago • loading... • Updated 29 minutes ago
Anthropic opens books on AI's explosive growth and staggering costs
The filing shows $16.3 billion in first-half revenue and an $80.7 billion net loss, while warning that advanced models could pose safety risks.
On Monday, October 26, 2026, Anthropic PBC filed its S-1 prospectus with the U.S. Securities and Exchange Commission to list common stock on the Nasdaq Global Select Market under the ticker "ANT."
Anthropic's valuation soared from $183 billion last year to $965 billion in May, driving the company to seek public capital for massive infrastructure investments required to sustain rapid growth.
The filing discloses $16.3 billion in revenue for the first half of 2026, though roughly $72 billion of the $80.7 billion net loss stems from non-cash accounting adjustments related to convertible notes.
Market analysts suggest the offering could raise as much as $100 billion and value Anthropic at up to $2 trillion, potentially eclipsing SpaceX's June IPO record of $85.7 billion raised.
CEO Dario Amodei warns that advanced AI models pose "catastrophic or existential risks to humanity," yet Anthropic's governance structure ensures founders retain 50.1% of voting power over key corporate matters.
The artificial intelligence company presented the documentation to US regulators to begin trading on Wall Street, despite recording losses of more than $80 billion during the first half of 2026.