Amazon’s 15%-20% ownership in AI firm Anthropic could surge to $180-$240 billion at a $1.2 trillion valuation in its upcoming IPO.
Amazon stands to gain $180 billion to $240 billion from its stake in Anthropic, which plans to go public as early as October. The AI company’s latest funding round valued it at $965 billion, with secondary trades pushing its implied valuation to $1.2 trillion.
Amazon has invested over $13 billion in Anthropic and owns 15%-20% of the company. It also committed to investing up to $20 billion more if commercial targets are met. The e-commerce giant already recorded $16.8 billion in pre-tax gains from the investment in Q1.
Anthropic’s IPO could be the largest of 2026, following SpaceX’s record debut earlier this year. The offering would mark another milestone for AI-related listings, benefiting early backers rather than just public investors.