Artificial Intelligence giant Anthropic files for Initial Public Offering

Account subscription benefits alongside Premium Stories, Editorials, Opinions and more.

Unlock these with Subscription

The View From India Looking at World Affairs from the Indian perspective.

First Day First Show News and reviews from the world of cinema and streaming.

Today's Cache Your download of the top 5 technology stories of the day.

Science For All The weekly newsletter from science writers takes the jargon out of science and puts the fun in!

Data Point Decoding the headlines with facts, figures, and numbers

THEdge At the cutting edge of education and careers

Health Matters Ramya Kannan writes to you on getting to good health, and staying there

Gender Agenda Stories from beyond the binary.

The Hindu On Books Books of the week, reviews, excerpts, new titles and features.

Updated - October 26, 2026 08:10 pm IST - San Francisco

In a regulatory filing, Anthropic said it will list its stock on the Nasdaq Global Select Market under the ticker symbol ANT.

File | Photo Credit: Reuters

Artificial intelligence giant Anthropic filed papers on Monday (October 26, 2026) for what could be the biggest initial public offering of stock ever, even as its top executive warns that advanced AI could pose an existential threat to humanity.

The filing sets up the San Francisco company for a Wall Street debut next month, potentially eclipsing the SpaceX initial public offering in June that raised a record $86 billion.

An Anthropic IPO would also put the company ahead of OpenAI in going public in what is expected to be a pair of blockbuster stock debuts for the rival AI labs.

The filing comes weeks after CEO Dario Amodei argued in an essay for slowing the development of the most advanced AI models.

An IPO could provide Anthropic with enormous resources to accelerate its expansion.

The amount the company ultimately raises remains uncertain, as do its final valuation and offering price, but even at lower estimates, it would turn the five-year-old startup into one of the world's most valuable companies and potentially boost the wealth of Amodei and his sister and co-founder, Daniela, by billions of dollars.

The 335-page document showed Anthropic's revenue is growing rapidly, but like many other tech companies going public, it has yet to turn a profit.

The company behind the chatbot Claude reported a net loss of $80.7 billion in the first half of 2026.

That compares to a loss of $13 billion in the same period a year earlier.

Despite the losses, Anthropic, valued earlier this year at $965 billion by private investors, is reportedly set to see that value rise to $1.5 trillion or possibly $2 trillion, although its final valuation has not been established.

At $1.5 trillion, Anthropic would rank among the world's most valuable public companies, alongside Tesla.

As for money raised, the offering could raise as much as $100 billion, according to reports, surpassing the current record set by another one of Musk's companies, SpaceX, earlier this year.

In a regulatory filing, Anthropic said it will list its stock on the Nasdaq Global Select Market under the ticker symbol "ANT."

In the filing, the company said it could use some of that money on acquiring other businesses and technology as well as investing in infrastructure to grow its business to take on rivals.

Formed in 2021 by ex-OpenAI leaders, Anthropic is locked in a fight for dominance with that company and the two leaders, Amodei and OpenAI CEO Sam Altman, are widely seen as bitter rivals.

But they have plenty of other competitors, including Google, newer startups in the U.S. and China and Musk's SpaceX, which has an AI business.

Anthropic, OpenAI and SpaceX's AI division have all been losing more money than they make because of the huge costs in resources in building AI, fueling concerns of a bubble.

The IPO would help cover any cash shortfall as well as shower extraordinary wealth on Anthropic's seven founders, including Amodei and his sister.

Collectively they own nearly 500 million shares, though it's unclear from the offering document how much that will represent of the company after the IPO.

The filing also listed a host of risks for the San Francisco-based Anthropic, ranging from not being able to retain key staff, navigate regulatory roadblocks and secure enough compute power to run its AI systems.

But the standout was that its AI models could “pose catastrophic or existential risks to humanity.”

The IPO comes as worries about AI grow inside and outside the industry and reports continue to emerge about increasingly powerful systems that solve problems beyond human capacity but could also go rogue and carry out other, more harmful tasks.

In September, Amodei said the AI industry should slow its fast-moving development to give safety measures time to catch up.

Without such a slowdown, Amodei warned AI could be capable of letting loose a swarm of agents that could take over the entire internet within six to 12 months.

ALSO WATCH Anthropic loses over $80 billion in first half of 2026

He offered a plan in a post on his website to increase checks on the industry, noting that Anthropic is already undertaking part of this on its own.