Anthropic targets $1.4 trillion valuation in IPO, but base offer trails SpaceX

Anthropic has filed for an initial public offering targeting a valuation of about $1.4 trillion and raising roughly $64 billion, falling short of SpaceX's record IPO despite expectations it would be the largest ever. The AI company behind Claude plans to raise up to $90.4 billion total, including a $26 billion private placement from tech giants like AMD, Google, Microsoft, and Nvidia. The base offer includes 801.4 million shares priced between $70 and $78 each. Pricing is set for November 18, with trading on the Nasdaq under the symbol ANT starting November 19. Including the greenshoe option, the total could reach $100 billion, surpassing SpaceX's $86.2 billion raise.