Amazon, Google set for big windfall from Anthropic IPO
Nov 10 (Reuters) - Amazon AMZN.O and Google's stakes in Anthropic could be worth a combined $411 billion if the AI company prices its initial public offering at the top of its proposed range, according to Reuters calculations based on a filing.
The figures show how much early bets by the two cloud giants have grown. They have put money into Anthropic while also selling it the computing power it needs to build its AI models.
Here is what each company put in and what it could be worth:
Investor | What they bought | Amount invested | Value at $78/shr |
Amazon | Loans (2023–25) and shares (April, May 2026) | $18.0 bln | $271.8 bln |
Loans (2023–25), shares (March, May 2026) and private placement | $33.3 bln | $139 bln |
VALUE OF PRIVATE FUNDING ROUNDS JUMPS
Round | When | Amount raised | Value at $78/shr |
Series A | Early round | $0.13 bln | $37.9 bln |
Series B | Early round | $0.98 bln | $68.2 bln |
Series C | 2023 | $0.45 bln | $31.0 bln |
Series D | 2024 | $1.32 bln | $36.7 bln |
Series E-1 | Early 2025 | $3.57 bln | $49.6 bln |
Series F-1 | Aug–Sep 2025 | $13.0 bln | $71.9 bln |
Series G-1 | Jan–Feb 2026 | $23.5 bln | $70.6 bln |
Series G-2 (other buyers) | Q1 2026 | $6.7 bln | $20.3 bln |
Series H | May–Jun 2026 | $65.2 bln | $86.4 bln |
PRIVATE PLACEMENT AT IPO
Investor | Amount | Stake from this purchase at $78/shr | Other ties disclosed in the filing |
$10.0 bln | 0.98% | Counts toward Google's existing 2026 funding deal | |
Nvidia | $10.0 bln | 0.98% | None disclosed |
AMD | $2.5 bln | 0.25% | Counts toward AMD's $5 bln stock-purchase pledge; up to $2.5 bln more tied to chip deliveries |
Broadcom | $1.0 bln | 0.10% | Can lend up to $42 bln to fund data-center leases |
Microsoft | $1.0 bln | 0.10% | Anthropic has committed to spend at least $47.2 bln on Microsoft computing through 2033 |
Micron | $1.0 bln | 0.10% | None disclosed |
TSMC | $0.5 bln | 0.05% | None disclosed |
Total | $26.0 bln | 2.55% |