Anthropic's cash reserves exceed Nvidia and Apple combined ahead of IPO
Anthropic's S-1 filing shows $131.7 billion in cash and short-term investments, surpassing the combined total of Nvidia and Apple. However, the company faces $587 billion in lease and spending obligations, covering only 22% of the total. Contracts signed after June 30 add roughly $245 billion in minimum payments, and obligations exceed cash by more than four times. Revenue growth or fresh capital will be needed to cover the gap through 2045.