Anthropic plans to allow early investors and staff to sell shares in its upcoming IPO, with the prospectus expected after Labor Day on September 7. This approach differs from SpaceX, which sold only new shares to raise approximately $86 billion in June. The company raised $65 billion in May at a $965 billion valuation, with major investors including Sequoia, GIC, and Coatue. It is considering longer-than-normal lockup periods for the secondary offering, and its annualized revenue run rate exceeded $47 billion in May. The prospectus is expected to include public backlash against AI as a formal risk factor.
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