Source: Fortune
Summary
Anthropic, a leading AI lab, has confidentially filed for an IPO, expected to be one of the largest public offerings in history, with a potential valuation of over $1 trillion. Early investors, including Amazon and Google, are set to reap significant benefits, with Amazon’s stake potentially worth $135-160 billion and Google’s stake worth $135 billion. Anthropic’s valuation has risen from $61.5 billion in March 2025 to $965 billion in just over a year, driven by the popularity of its Claude Code product and general-use Claude chatbot.
Our Reading
The numbers tell one story.
Anthropic’s valuation has skyrocketed, with Amazon and Google set to win big. Amazon’s investment in Anthropic has grown from $8 billion to a potential $160 billion, while Google’s stake is worth $135 billion. The two companies are deeply intertwined commercially, with Anthropic committing to spend over $100 billion on Amazon’s chips and cloud infrastructure. The IPO is expected to make hundreds of Anthropic employees millionaires and deliver a huge payday for early investors.
It’s a familiar tale of Silicon Valley’s biggest players betting big on the next big thing.
Author: Evan Null
