Amazon Could Gain More Than VCs From Anthropic’s IPO
VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more
What happened
Amazon may be the largest financial beneficiary of Anthropic’s IPO, with its filings valuing its convertible notes at $97.9 billion as of June 30. Those notes had $6.2 billion in principal outstanding, and Amazon also invested $10 billion in nonvoting preferred stock in the second quarter. Anthropic has committed to spend at least $110 billion on AWS over the next 10 years.
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See the full storyAmazon’s Anthropic Holdings Could Make It the Biggest Financial Beneficiary of an IPOThe story so far
Amazon’s filings valued its Anthropic convertible notes at $97.9 billion as of June 30, a stake TechCrunch said could make Amazon the largest financial beneficiary of an Anthropic IPO. The notes had $6.2 billion in principal outstanding. Amazon also invested $10 billion in Anthropic’s nonvoting preferred stock in the second quarter. The financial relationship also includes a major cloud-spending commitment: Anthropic has committed to spend at least $110 billion on AWS over the next 10 years. Amazon therefore stands to benefit both from the value of its Anthropic investments and from Anthropic’s spending on its cloud services, though its potential IPO gains remain uncertain.
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