Recent reporting from Reuters, Bloomberg, and The Wall Street Journal has positioned November 2026 as the clear frontrunner in trader consensus, with market-implied odds reflecting Anthropic’s shift from an earlier October target. The company delayed its S-1 prospectus and roadshow to incorporate Q3 results amid rapid revenue growth—now exceeding a $65 billion annualized run rate and projected above $110 billion by year-end—while preparing a potential $2 trillion valuation and over $100 billion raise. Marketing is slated to begin around November 9 ahead of Thanksgiving, supported by major underwriters and infrastructure financing. This timeline aligns with the firm’s competitive push against OpenAI and recent Claude model updates, though execution risks around market conditions or regulatory reviews remain.