Anthropic’s cash holdings exceed those of tech giants including Amazon, Meta, and Microsoft, though its spending is also sky-high.

Yesterday, Anthropic officially filed for an initial public offering (IPO). Per the cash flow statement in its S-1 filing, the company raised approximately $140 billion in cash between 2023 and the first half of 2026 via preferred stock, convertible bonds, and SAFE agreements. Of that total, $110 billion was raised in the first half of 2026 alone, including $65.2 billion in Series H funding. As of June 30, 2026, the company’s available cash stood at roughly $132 billion, consisting of $112.4 billion in cash and equivalents plus $19.3 billion in short-term investments, with an additional $2.5 billion in restricted cash. Additional funding sources include a $15 billion undrawn revolving credit facility (expanded in September 2026) and up to $77 billion in partner note financing: $20 billion from Google, $15 billion from Amazon tied to computing milestones, and $42 billion from Broadcom earmarked exclusively for lease payments. IPO proceeds will add to this total, putting Anthropic’s cash holdings above those of tech giants including Amazon, Meta, and Microsoft, and second only to Alphabet, Google’s parent, which holds $242 billion in cash. However, Anthropic’s projected expenditure figures show it has committed roughly $37 billion annually to SpaceXAI alone for computing power starting in December 2026, with total computing power commitments reaching between $780 billion and $810 billion.