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Anthropic IPO Targets To Raise Whopping $90 Billion As SpaceX Stock Continues Crash

By Kritika Mehta

Anthropic is getting ready for its biggest offering in stock market history, with the initial public offering and a corresponding private placement for up to $90.4 billion. It comes after SpaceX stock plunged further on Wednesday on worries ahead of the company’s next Starship launch, following their extended run of…

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Initial public offering

The first sale of a private company's shares to the public, after which the shares trade on a stock exchange.

An IPO raises money for the company and lets early owners and investors sell part of their stake.

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Stock market

The set of exchanges where shares of public companies are bought and sold.

Market moves reflect investor expectations about companies and the economy, and affect savings and pensions.

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