The Anthropic IPO by the numbers, from a possible valuation in the trillions to surging revenue

Anthropic could make history with what may become the biggest initial public offering of stock ever.

The artificial intelligence company filed paperwork on Monday to prepare to sell its shares on Wall Street next month. This would happen before its main rival, OpenAI, goes public. The filing comes only months after SpaceX set records in June with an initial public offering that raised $86 billion.

The company behind the Claude chatbot has seen its revenue grow quickly, but it has not yet made a profit. Reports say the stock sale could bring in as much as $60 billion. That money would help the five-year-old startup grow faster.

The filing comes as Anthropic's competitors, such as OpenAI, are also preparing to go public next year. At the same time, fears are growing that the technology could escape human control and cause harm. Anthropic co-founder and CEO Dario Amodei said the industry should slow down its rapid development to give safety measures time to catch up.

The company's huge spending and revenue help explain why the possible stock sale is such a big moment.

Here are some key numbers behind the company's plans.

Up to $1 trillion

This is the reported value Anthropic could reach when it goes public. That would be more than SpaceX's initial value of $1.75 trillion and could make Anthropic one of the world's most valuable public companies. Nvidia, a maker of computer chips, currently has a value of more than $5 trillion.

Anthropic's final value and the price of its shares have not yet been set.

$60 billion

Anthropic said in its filing that it had this amount available in cash or similar assets as of June 30. The company also said its plans to build more computing power and other infrastructure are changing the way money flows through its business and will require large spending.

$7 billion

This was Anthropic's revenue in the first half of the year, about three times what it earned during the same period last year.

$7.9 billion

This was the amount Anthropic reported in net losses in the first half of the year. The total included a one-time charge of $6.3 billion related to an accounting adjustment for financing agreements, according to the filing. It is not unusual for technology companies to go public before they have made a profit.

More than 1,000 pages

This is how many pages Anthropic used to list the risks investors should know about. Public companies must tell the Securities and Exchange Commission about risks in their plans, but the list in Anthropic's filing is unusually long.

Among the concerns was that advanced AI systems could pose “catastrophic or existential risks to humanity.”

About 100 customers

Anthropic has about 100 customers, each bringing in $1 million or more in revenue over the past year. The company did not name its biggest customers in the filing, but it said its top five customers together account for about 40% of its revenue this year.

Seven people

Amodei and six other co-founders will keep control of the company after it goes public. The company will issue a single share of Class U common stock to a limited-liability company organized by its co-founders. Amodei's sister and Anthropic's president, Daniela Amodei, is among the former OpenAI employees who left the company to create Anthropic in 2021.

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