Anthropic just made its S-1 public today. Here's what you need to know. The filing went to the SEC on Oct 26 and Anthropic announced it on X. It plans to list on the Nasdaq Global Select Market under the ticker ANT. Goldman Sachs, Morgan Stanley and J.P. Morgan lead the deal. The price range and share count are not disclosed yet. The registration statement has not become effective, so no shares can be sold yet. The financials are now public. H1 2026 revenue was $16.3B, up from about $1.1B a year ago. The net loss was $80.7B, but most of that came from accounting charges. The filing also shows a $974M operating profit and $131.7B in cash. The compute bill is huge. Anthropic agreed to spend up to $120.5B with SpaceX's AI unit for access to Nvidia chips. Once all capacity is delivered, expected in December 2026, it pays about $3.1B a month. The deals run into 2029. The filing also covers customers and control. Roughly one-fifth of revenue came from two customers. Founders keep 50.1% of the voting power through a founders' company. About 80 of the 261 pages are risk factors, including a warning that AI could pose catastrophic or existential risks to humanity. Key numbers: - ~250 customers pay over $10M a year - 1,900 customers pay over $1M a year - 11,900 customers pay over $100K a year - $6.6M revenue per employee, per one investor's read - $2.08 of revenue per $1 of compute, up from $0.40 in Q1 2025 Reports point to a listing in mid-November, with a possible valuation near $2T.