Sixty Five Billion Dollars and the Question of What It Counts: Inside the Anthropic IPO Filing - August 23, 2026

Sixty Five Billion Dollars and the Question of What It Counts: Inside the Anthropic IPO Filing Anthropic is preparing to file its initial public offering prospectus publicly, following a confidential submission to regulators in June, carrying a headline annualized revenue run rate above sixty five billion dollars and a post money valuation of nine hundred sixty five billion. Rick Spair and Laura dig into the gross versus net revenue question hiding inside that headline, why the principal ver...