Anthropic's IPO could raise up to $100 billion

Anthropic, the AI company behind Claude, is preparing for an IPO expected to raise up to $100 billion, with a potential valuation between $1.5 trillion and $2.0 trillion, which could surpass SpaceX's record. The company reported $16.3 billion in revenue and an $80.7 billion net loss for the first half of 2026, including a $72.4 billion one-time accounting charge, highlighting the massive costs of scaling AI systems. It has committed over $600 billion in spending with eight partners for chips, electricity, and data centers. Founded in 2021 by former OpenAI employees, including Dario and Daniela Amodei, Anthropic prioritizes AI safety. Major backers Amazon and Google act as investors, cloud suppliers, and competitors, creating potential conflicts of interest regarding computing access.