# Anthropic plans to spend up to $567 billion on compute

> The AI company's IPO filing reveals massive infrastructure spending, deals with cloud giants and SpaceX, and plans to build its own data centers.
- Title: Anthropic plans to spend up to $567 billion on compute
- Summary: The AI company's IPO filing reveals massive infrastructure spending, deals with cloud giants and SpaceX, and plans to build its own data centers. Anthropic…
- Keywords: anthropic, ipo, compute infrastructure, data centers, amazon, google, microsoft, spacex, plans, spend, 567, billion
- Source: Fortune — https://fortune.com/2026/10/26/anthropics-s1-ipo-reveals-the-inner-workings-of-its-fast-evolving-compute-strategy
- Author: Emily Forlini
- Read time: 1 min
- Topics: anthropic, ipo, compute infrastructure, data centers, amazon, google, microsoft, spacex, ai
## Compute is existential to Anthropic
Anthropic's three hundred eighteen-page IPO prospectus makes clear that access to enormous quantities of specialized compute is essential to developing, training, improving and deploying frontier models.

> Our ability to develop, train, improve, and deploy frontier models depends on our access to enormous and increasing quantities of specialized compute.
## Anthropic commits to massive spending
The company has committed to spending between five hundred forty-two billion and five hundred sixty-seven billion dollars on future compute and infrastructure.
## Deals span decades with multiple phases
The initial four hundred seventeen billion dollar deal runs for one to twenty years, starting between twenty twenty-six and twenty twenty-seven.
## Compute costs dwarf revenue gains
In the second quarter of twenty twenty-six, Anthropic spent five point six billion dollars on compute, its number one operating expense.
## Three cloud giants plus SpaceX supply compute
Anthropic secures compute from Amazon, Google and Microsoft. From May to October twenty twenty-six, Anthropic entered into deals with SpaceX to access up to one hundred twenty point five billion dollars in compute through twenty…
## Anthropic Direct: building its own data centers
To reduce dependence on competitors who are also cloud suppliers, Anthropic is pursuing Anthropic Direct, which means standing up its own data centers.
## Broadcom leads infrastructure partnerships
Anthropic's largest infrastructure partner in twenty twenty-six is Broadcom, at forty-two billion dollars in potential financing.Google follows at twenty billion dollars, and Amazon at fifteen billion dollars.
## Power and delays pose major risks
Anthropic expects substantial energy demands and has signed power generation deals.Connecting power to data centers could be delayed by permitting, legal challenges and supply chain disruptions.

> If we are unable to successfully execute on our data center infrastructure initiatives, experience significant delays or cost overruns, or find that the infrastructure we lease, deploy, or build does not meet our evolving needs, we may not realize the expected benefits of these investments, which could adversely affect our business, financial condition, and results of operation.
## Key takeaway

Anthropic disclosed plans to spend between five hundred forty-two billion and five hundred sixty-seven billion dollars on compute and infrastructure, with deals spanning one to twenty years and a strategy to build its own data centers to reduce dependence on cloud competitors.