Anthropic 1.5 万亿美元 IPO 遇阻 投资者质疑估值过高
Anthropic 计划中的 IPO 遭遇阻力，潜在投资者对 1.5 万亿美元估值表示怀疑，部分人甚至只愿接受 1 万亿美元。由于公司仍在亏损并大举烧钱扩张 AI 基础设施，加上 10 月营收数据缺失，路演能否如期启动存疑。若 AI 板块持续承压，上市可能推迟，进而动摇市场对整个人工智能行业的信心。
报道正文
Anthropic's $1.5 trillion IPO hits resistance as investors balk at valuation
[Maximilian Schreiner](https://the-decoder.com/author/maximilian-schreiner/) [View the LinkedIn Profile of Maximilian Schreiner](https://www.linkedin.com/in/maximilian-schreiner-b6a5171aa/) Nov 6, 2026 Anthropic's IPO is in trouble as investors push back on the $1.5 trillion valuation and the tech market sells off. According to Reuters, potential backers doubt the planned roadshow can kick off next week as scheduled.
As recently as September, the company was eyeing a valuation of up to $2 trillion. Now some investors think even $1.5 trillion is too rich. One investor reportedly floated a valuation of just $1 trillion. Investors want a steeper discount because Anthropic is still losing money and burning through cash to scale its AI infrastructure. They're also waiting on October revenue numbers, which are missing from the updated S-1 filing.
The midterm elections made things worse. Ballot initiatives targeting data center expansion passed in several states, triggering the sharpest tech selloff in a year. The Wall Street Journal also reports that IPO investors are skeptical. If AI stocks stay under pressure, Anthropic could delay the offering, which some estimates peg at up to $100 billion in size. A delay could further shake confidence in the broader AI sector.