Anthropic is considering an IPO marketing launch during the week of November 9, 2026, potentially allowing the Claude developer to begin trading before Thanksgiving on November 26. The company still expects to complete its public-market debut by year-end, though deliberations continue and the timetable remains subject to change. Prospective investors have placed a fair valuation between $1.8 trillion and $2 trillion, and Anthropic expects its offering to match or exceed the size of SpaceX's IPO. The company generated roughly $4.6 billion of revenue in 2025, up from $386 million a year earlier, but reported an almost $42 billion net loss and an operating loss exceeding $8 billion. Its listing plans come amid stronger competition from OpenAI and public concern over AI safety following high-profile hacking incidents involving rogue agents. Dario Amodei has argued that the pace of new AI-model development must slow, while OpenAI CEO Sam Altman has postponed an IPO for his company.