According to CoinMeta, analysis by Coin Bureau suggests that Amazon's $18 billion strategic investment in Anthropic could be worth nearly $272 billion at the anticipated IPO price, which is about 15 times the initial investment. Anthropic remains a major customer of AWS and has committed to spending over $100 billion in the next decade on training and operating its models on AWS. It is estimated that Anthropic could raise $60 billion in IPO; combined with private financing, it is expected to have approximately $213 billion in cash and short-term investments, making its AWS commitments more easily financiable. Currently, Amazon's stock price is 5% below its historical closing price, suggesting that the market may have underestimated its investment in Anthropic and future AWS revenue.