Amazon's (AMZN) Stake in Anthropic Valued at Up to $240 Billion

Anthropic is moving closer to an IPO, potentially debuting in October 2026. The company was last valued at $965 billion, with recent secondary market transactions suggesting a valuation of around $1.2 trillion. Amazon (AMZN) has invested approximately $13 billion in Anthropic, owning a 15% to 20% stake, which could be worth between $180 billion and $240 billion. The IPO will also provide Amazon with over $100 billion in commitments from Anthropic over the next decade, signaling good news for Amazon's cloud computing business and its AI investments.