Anthropic announced on October 18, 2026 plans to allocate 5% of its shares to a newly created Anthropic Public Benefit Fund, with the possibility of reaching up to 20% of equity over time through additional grants tied to valuation growth. Structured as a wholly owned LLC rather than a nonprofit, the fund is explicitly barred from using equity for political contributions or lobbying. Elon Musk responded the same day by suggesting the shares should be distributed directly to the public instead of being held in an intermediary fund. Founded in 2021, Anthropic is valued at approximately $965 billion as of May 2026 and is preparing for what could be one of the largest IPOs in history.
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