Why investors may prefer Alphabet, Amazon and Microsoft over Anthropic’s IPO

Anthropic's listing could value it as high as $2 trillion, but its biggest backers offer AI exposure with fewer question marks Anthropic is reportedly weeks away from going public, and the valuation being floated could reach as high as $2 trillion. That would top the price SpaceX fetched in its own blockbuster listing earlier this year. The Motley Fool’s view is that investors may be better off skipping the IPO and buying the companies that helped build Anthropic instead. The three names in question are Alphabet, Amazon, and Microsoft. Each is tied to the AI lab through investment or compute deals. Each already trades publicly and runs a business that does more than burn cash. The filing: rocket-ship revenue, black-hole losses Anthropic filed its S-1 prospectus with the SEC on October 26, 2026. The shares are slated to trade on the Nasdaq under the ticker “ANT.” The offering is expected to launch around mid-November, with the week of November 16 as the target. Investor marketing could begin the week of November 9. The filing reports 1,368% year-over-year revenue growth in Q2 2026 and an annualized revenue run-rate of $16.8 billion. Anthropic posted a net loss of approximately $80.7...