2026-09-29 # Anthropic's IPO filing shows $42 billion loss, $2 trillion valuation target Anthropic's IPO prospectus, seen by Reuters, reports a $42 billion net loss and $7.33 billion in compute spending for 2025, with revenue up 12-fold to nearly $4.6 billion; the company plans $518 billion in future infrastructure commitments and a listing that could value it above $2 trillion. ## Why it matters Scale of planned spending suggests Anthropic is betting growth outpaces losses. Source. [reuters.com](https://www.reuters.com/business/finance/anthropics-ipo-prospectus-shows-sweeping-ai-vision-surging-costs-2026-09-28/) [SOTO home](https://signalsoftomorrow.com/)