Anthropic IPO Set to Break Records as Institutional Investors Circle
The upcoming IPO of Anthropic is expected to be the largest in history, surpassing even that of SpaceX, according to Morningstar's top markets editor Tom Lauricella.
Lauricella made this prediction during a recent discussion, stating that the deal will likely become a 'must-own stock' for institutional investors due to its unproven monetization and brand new business model.
The two public companies with the most direct exposure to Anthropic's outcome are Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) and Amazon (NASDAQ:AMZN), which have already seen their income statements affected by the mark-to-market of Anthropic.
In fact, Amazon disclosed that its Q2 FY2026 net income included a non-operating pre-tax other income of $53.4 billion, primarily from investments in Anthropic, pushing reported net income to $62.65B, up 244.9% YoY.