Anthropic plans to go public with a valuation of over $2 trillion despite heavy losses

Anthropic is making heavy losses, but the prospects are still good given the massive investments planned and the hype surrounding AI. Consequently, nothing should stand in the way of an IPO. The step could also be groundbreaking for the competition.

According to a stock market prospectus, the AI ​​company Anthropic is aiming for a valuation of more than two trillion US dollars. This comes despite a reported net loss of $42 billion for 2025. The IPO would establish the company, which was founded just five years ago, as a benchmark for evaluating leading AI companies such as competitor OpenAI.

The net loss of nearly $42 billion included an accounting charge of about $34 billion resulting from the revaluation of financing. The company also plans to spend $518 billion on cloud and computing infrastructure in the coming years.

According to the prospectus, the company's sales grew twelvefold to almost $4.6 billion in 2025. At the same time, Anthropic posted a loss of more than $8 billion on an operating basis. Spending on computing power and infrastructure alone tripled last year to $7.33 billion.

Dangers from AI model

The IPO, expected to take place after the US midterm elections in November, will test investors' appetite for highly valued AI stocks. It follows the successful IPO of SpaceX, which was valued at $1.77 trillion.

The plans come as Anthropic faces findings from its own research that increasingly autonomous AI models can behave in unexpected and potentially harmful ways. Anthropic boss Dario Amodei has called on the AI ​​community to slow down the pace of releasing new capabilities. Nevertheless, Anthropic launched its new model Opus 5.5 last week to keep up with competitor OpenAI and its GPT-6 Astra.