Anthropic, the AI company known for its Claude model family, saw its projected valuation cut by $500 billion, dropping from $2 trillion to $1.5 trillion. This decline comes as the company reported a net loss of $42 billion for 2025 and faces substantial long-term infrastructure commitments. These financial challenges have significantly reduced the likelihood of Anthropic surpassing SpaceX’s record IPO, which raised $86.2 billion earlier this year.
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