Amazon and Google have billions riding on Anthropic. The IPO will finally reveal how much. | Fortune

Amazon and Google have billions riding on Anthropic. The IPO will finally reveal how much. | Fortune

By Beatrice Nolan
Publication Date: 2026-06-04 14:12:00

Anthropic, most recently valued at $965 billion, has confidentially filed for an IPO—gearing up for what could be one of the largest public offerings in history.

Details on the share count and price range won’t be officially disclosed until the S-1 registration statement is released to the public. Still, the company is widely expected to target a $1 trillion, or higher, valuation, a figure that could make hundreds of Anthropic employees millionaires and deliver a huge payday for some of its early investors.

When the hotly anticipated IPO does arrive, Anthropic’s early investors are set to win big—especially Amazon and Google.

In addition to Amazon, Anthropic’s backers include Google, Microsoft, Nvidia, and a roster of top venture firms including Spark Capital, Menlo Ventures, Lightspeed, General Catalyst, and Sequoia, as well as sovereign wealth funds from Singapore, Qatar, and Abu Dhabi.

The AI labs’ worth has risen from $61.5 billion in March 2025 to $965 billion in…