Anthropic, a major AI company and maker of the Claude model, officially announced its plans for an initial public offering (IPO). The company confidentially filed its prospectus with the SEC in June, making financial details public. Anthropic is considered one of the largest and most influential AI companies globally, alongside OpenAI. As of June 30, 2026, Claude had raised significant capital and held substantial cash and short-term investments, with a recent valuation of $965 billion. This IPO would make Anthropic the second of the "big three" AI companies to go public, following SpaceX. While Anthropic has demonstrated substantial revenue growth, its net losses have historically outweighed its gains, increasing exponentially over recent years. The company's net loss jumped significantly in the first half of 2026, largely due to an increase in the fair value of convertible promissory notes. No official IPO date has been announced, but it is expected within the next month, with Class A common stock listing on Nasdaq under the symbol "ANT." The number and price of IPO shares are yet to be determined. A significant risk factor highlighted in the SEC filing concerns the existential threats posed by advanced AI systems if not developed with appropriate safeguards, a topic that has generated considerable debate within the tech industry. Anthropic acknowledges that its business is capital-intensive and its future growth depends on improving operating efficiency and sustaining revenue, recognizing that revenue growth may not be sustainable and costs will increase as it operates as a public company.