Anthropic, the AI startup behind Claude, recorded a staggering $80.7 billion net loss in the first six months of 2026, exposing the enormous financial costs behind one of Silicon Valley’s fastest-growing companies just as it prepares for a blockbuster initial public offering. The loss, disclosed in a draft IPO prospectus reviewed by The Wall Street
… not counting the $1.5 trillion debt the “big” AI players are hiding in subsidiaries
And this company, which has lost more money than most companies in the history of the world, would like an IPO evaluation of $2 trillion
At the current rate that’s only enough for two years or so.
IPO doesn’t really cover operational costs either unless you let the staff who just got rich buy stock back
It does if you have enough bag holders.