Anthropic is preparing a stock market listing of up to $100 billion, which could surpass the record set by SpaceX

Anthropic is preparing one of the largest stock listings in history, seeking to raise up to $90.4 billion through an initial public offering and a private share placement. The transaction is taking place amid growing interest in artificial intelligence, as well as concerns about the enormous costs of the required infrastructure.

Documents filed with the U.S. Securities and Exchange Commission indicate a price of between $70 and $78 per share. The base offering could raise $64.4 billion, while a further $26 billion would come from strategic investors such as AMD, Broadcom, Google, Microsoft, Nvidia and TSMC.

At the upper end of the range, Anthropic's market capitalization would reach approximately $1 trillion. If the overallotment option is included, the transaction could mobilize nearly $100 billion and surpass the record set by SpaceX.

The final price is scheduled to be set on November 18, and the shares are expected to trade on Nasdaq under the symbol ANT. The company reported revenue of nearly $17 billion in the third quarter, but also an operating loss of $567 million. In addition, Anthropic has contractual commitments of approximately $895 billion for computing power and semiconductors, highlighting the financial risks of the AI sector's rapid expansion.