
Anthropic just filed its S-1. and the numbers are interesting. > 2025 revenue: $4.6B > H1 2026: $16.3B > Run rate: $9B → $65B+ in 7 months Target valuation? around $2T. Could be the biggest IPO ever, bigger than SpaceX. $ANT on Nasdaq. Listing as early as Nov 19–20. Not all clean though. $80.7B loss through june and 20% of revenue from just 2 customers. next catalyst is probably the price range. and remember, SpaceX popped 20% on day one, then slipped back below its IPO valuation. the ai trade's biggest test is here. NFA.