Artificial Intelligence
Anthropic delays IPO to November
Anthropic reportedly shifted its planned IPO from October to November 2026 as advisers wanted stronger third-quarter results, while investors expected a $2 trillion valuation and the company faced funding and security questions.
- Anthropic was reported to have shifted its planned IPO from October to November 2026.
- Its advisers said the company wanted stronger third-quarter results before listing.
- Investors were expecting roughly a $2 trillion valuation and a capital raise of up to $100 billion.
- The Information said revenue rose from about $4.7 billion in the first quarter of 2026 to more than $11.5 billion in the second, while infrastructure spending rose from $3.4 billion to $5.6 billion.
- The article said safety tests involving OpenAI, Google, Anthropic and Meta had produced unintended hacks, and that those incidents had not led to sanctions or lawsuits.
Anthropic was reported to have pushed its planned IPO from October to November 2026. The article said late October was now the earliest likely window, with November more likely.
Its advisers said it wanted to present stronger third-quarter results before going public. Investors were said to expect a valuation of about $2 trillion and a capital raise of up to $100 billion.
The Information was cited for figures showing revenue rising from about $4.7 billion in the first quarter of 2026 to more than $11.5 billion in the second. It also said computing infrastructure spending increased from $3.4 billion to $5.6 billion, while the adjusted operating margin moved from negative 13% to a positive single-digit figure, with caveats.
The article said Anthropic had about $120 billion to $130 billion in cash in early August, but would likely need more funding because data centre spending and model training were drawing on reserves. It also said the May computing infrastructure deal with SpaceX cost $1.25 billion a month, and that OpenAI had also delayed its IPO to 2027, with Sam Altman citing safety concerns.
Named in this story
People
- Sam Altman
- said OpenAI had reasons to stay private through major safety changes
Companies
- Anthropic
- was reported to have moved its planned IPO from October to November 2026
- OpenAI
- was cited as Anthropic's main competitor and as having delayed its own IPO to 2027
- SpaceX
- signed a computing infrastructure deal with Anthropic in May
- was named in safety tests that produced unintended hacks
- Meta
- was named in safety tests that produced unintended hacks
Products and systems
- Astra
- was credited with helping OpenAI regain ground
- OpenRouter
- was the AI model platform where OpenAI was said to have pulled ahead
How the source tells it
The register was mostly explanatory, but it mixed attribution with conjecture, scale comparisons and some alarm about financing and cybersecurity.
- speculation presented as fact several possible causes were listed and one was treated as the likeliest without a single established reason
- scale-driven hype the expected valuation and fundraising were set against record numbers to emphasise the size of the listing
- alarm over security risk testing incidents were used to suggest exposure once the company listed, including the prospect of uninsured losses