Anthropic Files for Record IPO, Targets $2 Trillion Valuation Amid AI Demand Questions

Anthropic has filed for a public offering that could become one of the largest technology IPOs on record, even as the AI startup faces mounting questions about whether the trillion-dollar-scale market for artificial intelligence can sustain its current spending trajectory. The San Francisco-based AI company, which develops the Claude chatbot, filed its Form S-1 registration statement with the U.S. Securities and Exchange Commission on October 26, 2026, setting up a Nasdaq listing under the ticker ANT. Wall Street is pricing the offering at a potential valuation of up to $2 trillion, up sharply from the company's $965 billion private valuation in May 2026.