World Trade Securities: Anthropic's cash reserves could approach $400 billion by the end of 2027
New York-based independent asset manager World Trade Securities estimates that Anthropic currently holds $132 billion in cash; combined with roughly $140 billion in IPO proceeds, the $77 billion committed by Google, Amazon, and Broadcom, and its own operating cash flow, its cash reserves could approach $400 billion by the end of 2027. The S-1 prospectus shows that Anthropic has locked in approximately $500 billion in compute orders, covering all major chip manufacturers. Under the standard lock-up terms, insiders' remaining shares will be fully locked until the 180th day after the IPO, and all restrictions will be lifted on the 365th day.
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According to New York-based independent asset manager World Trade Securities, Anthropic currently holds $132 billion in cash.
Add to that roughly $140 billion in IPO fundraising, the $77 billion committed by Google, Amazon, and Broadcom, and the company's own operating cash flow—with revenue growing 14-fold annually—and by the end of 2027 its cash reserves could approach $400 billion.
With this kind of financial firepower, few companies worldwide can match it, and all of these resources are aimed at a single direction: computing power.
The criterion for victory in this race is who can build the most computing power. And Anthropic is about to have the strongest financial base in the AI sector outside the major tech giants.
In addition, Anthropic's lock-up arrangement is highly unusual: insiders' shares will be released in batches over a full year after the IPO, with most release points scheduled after earnings reports are published. The specific arrangement:
- 180th day after listing: all remaining shares under the standard lock-up provisions are released;
- 365th day after listing: all remaining shares are fully released.
Anthropic's S-1 prospectus clearly shows where AI money is flowing:
It has locked in a total of about $500 billion in computing power orders, covering all major chip manufacturers. No other AI lab has such a diversified computing power procurement layout; every dollar Claude earns ultimately turns into orders on the books of these tech giants. news_keyword_pub,usstock,MSFT&GOOG&AMZN&AMD iframe below main text iframe below main text General statement General statement QR code at end start QR code at end start
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