Anthropic's IPO Is Coming: 5 Key Numbers Investors Need to Know

Anthropic is preparing for what could be the largest IPO ever, with impressive 1,300% revenue growth in H1 2026. However, investors should exercise caution due to significant risks: the company is unprofitable with a $693 million operating loss, 20% of revenue comes from just two customers, and it spent $8.9 billion on compute in the first half of 2026 alone—with potential future spending reaching $750 billion. The article warns that early IPO investors should be wary, citing SpaceX as an example of a hot IPO that subsequently underperformed.