Anthropic targets mid-November IPO with talk of a $2 trillion valuation

Anthropic, the AI company behind the Claude models, plans to go public as soon as mid-November, according to Bloomberg. The timing is tight. The valuation being discussed is not. Talks reportedly center on a figure of approximately $2 trillion, which would put this listing in rarefied air before the first share even changes hands. The timeline and the numbers Anthropic is now aiming for a formal IPO marketing week beginning November 9, 2026. The goal is to begin trading before the Thanksgiving holiday on November 26. At the discussed valuation, Anthropic could potentially raise more than $100 billion through the offering. Both the valuation and the projected proceeds would surpass the scale of SpaceX’s IPO earlier in 2026, according to the research findings. The jump from private to public pricing would be steep. Anthropic’s most recent private valuation came in at $965 billion post-money, following a $65 billion Series H round in May 2026. Going from $965 billion to roughly $2 trillion in about six months would mean public market investors are being asked to roughly double what late-stage private backers paid. Revenue is climbing fast, and so is the spending As of July 2026, Anthr...