Anthropic PBC is close to finalizing an expanded revolving credit facility of $15 billion, according to people familiar with the matter. The arrangement is viewed as clearing a key step ahead of the artificial intelligence firm’s public filing for its initial public offering.

The outlets describe the facility as a hurdle for the upcoming IPO process and note that Anthropic is preparing for a highly anticipated listing. Bloomberg also reports that the company aims to raise as much as, or more than, SpaceX in its IPO, according to people familiar with the preparations. The credit facility expansion and the planned IPO are being handled with support from major financial institutions, with Morgan Stanley cited as leading the process.

Overall, the reporting aligns on the size of the proposed credit facility ($15 billion) and its timing relative to Anthropic’s IPO filing, while emphasizing that details of the financing and offering amounts come from unnamed sources rather than from official disclosures.