Anthropic has revealed the price range for its IPO. The company could be valued at $1 trillion

Artificial intelligence developer Anthropic plans to price its shares in an IPO within a range of $70 to $78 per share, according to the company’s updated prospectus. Based on the upper end of the range and the number of shares being offered, Anthropic’s valuation during the offering could reach $1.02 trillion, according to Bloomberg’s calculations.

The IPO will allow the company and its investors selling shares to raise up to $64.4 billion—meaning that Claude’s founder will not break the record set by the space company SpaceX. SpaceX raised $75 billion during its initial public offering in June, and more than $85 billion when including the secondary offering.

According to the prospectus, Anthropic plans to offer 801.4 million shares. Investors intend to sell an additional 23.6 million shares.

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