Anthropic is targeting an IPO the size of the largest ever

Anthropic plans an IPO targeting a $75 billion raise or higher, matching SpaceX’s record, with a filing possible by month-end. The AI firm posted $11.5 billion Q2 revenue (annualized $65 billion) but recorded a $42 billion net loss in 2025, five times its 2024 loss. Morgan Stanley, Goldman Sachs and JPMorgan are handling the listing, and a revolving credit facility exceeding $10 billion is slated to close.