Rounds, valuations, acquisitions and partnerships.
SpaceX is looking to raise about $40 billion to pay for a large purchase of Nvidia artificial-intelligence chips, according to a Financial Times report relayed by EconoTimes. The plan is roughly $10 billion of bank loans and $30 billion of investment-grade…
Finance angle The finance angle: about $40 billion of new borrowing — $10 billion in loans and $30 billion in investment-grade debt — that flows almost entirely to Nvidia as chip revenue, with private-credit firms such as Apollo and Pimco earning the interest. SpaceX shareholders carry the debt; rental income from Anthropic and…
Read the report at EconoTimes ↗
Bloomberg reported that Waymo, Alphabet's self-driving unit, increased its first private debt deal to $5 billion. Pimco, Blackstone and Sixth Street Partners were among the lenders and Goldman Sachs arranged the loan, which was priced at 5.25 percentage…
Finance angle The finance angle is the change of funding source: $5 billion of debt at 5.25 points over the benchmark, after $16 billion of equity, means private-credit funds are now paying for a robotaxi fleet and the compute behind it. The interest falls on Waymo, not directly on Alphabet's own balance sheet, and the lenders…
Read the report at Investing.com ↗
The Wall Street Journal reported that Lambda, a California company that rents out Nvidia-based computing for AI, is raising as much as $4 billion in a round led by Blackstone and Coatue Management, at a valuation of $14.5 billion before the new money. It is…
Finance angle The figures are $4 billion of equity against a $50 billion backlog: a 'neocloud' has to buy the chips and build the capacity before the contracted revenue arrives, so the money raised flows on to Nvidia and to data-centre and power providers. A backlog is committed orders, not revenue, and it more than tripled in…
Read the report at Seeking Alpha ↗
DeepSeek, the Chinese AI model developer, is aiming to raise at least $12 billion and possibly as much as 100 billion yuan (about $15 billion), double its initial plan of 50 billion yuan, according to a Bloomberg News report carried by Reuters and relayed…
Finance angle The finance angle: $12-15 billion of fresh capital at about a $74 billion valuation for the main Chinese maker of low-priced open models, the kind of models that put price pressure on US labs' API revenue. The spending goes to Huawei — 160,000 Ascend accelerators and a data centre in Inner Mongolia — not to Nvidia,…
Read the report at The American Bazaar ↗
Bloomberg News, as relayed by Investing.com, reports that OpenAI is negotiating with several United Arab Emirates investment funds, including Abu Dhabi's MGX, to anchor a funding round of $30 billion. The UAE funds have discussed putting in up to $10 billion…
Finance angle The finance angle is the price: about $1.4 trillion, against the $852 billion at which OpenAI raised $122 billion in March, a rise of roughly 64% in seven months while the company stays private. The $30 billion would be paid by Gulf sovereign-backed funds and asset managers and spent largely on computing capacity,…
Read the report at Investing.com via Yahoo Finance ↗
SoftBank Group paid the third and final $10 billion tranche of its $30 billion follow-on investment in OpenAI on October 1 through Vision Fund 2. Its total investment in the ChatGPT maker is now $64.6 billion for a stake of about 13%. The payment was…
Finance angle The $30 billion was SoftBank's share of the $122 billion round that valued OpenAI at $852 billion, alongside $50 billion committed by Amazon and $30 billion by Nvidia. OpenAI receives the cash and spends much of it on computing capacity, which is revenue for chip and cloud suppliers. SoftBank carries the financing…
Read the report at The Next Web ↗
Broadcom is assembling a financing package of about $60 billion to pay for AI chips and computing capacity for Anthropic, according to a Bloomberg report carried by the publisher. It is described as a $42 billion Class A senior secured tranche arranged by a…
Finance angle The finance angle is who carries the bill for AI compute. Per the report, Broadcom agreed to lend Anthropic up to $42 billion, and Anthropic has committed $125.2 billion over five years for tensor processing unit capacity. The chip supplier is in effect financing its own customer, with banks and private credit taking…
Read the report at The American Bazaar ↗
SharonAI Holdings disclosed its first committed senior secured debt facility backed by GPUs: US$356 million at a fixed rate of 9.95% before fees, held in a special-purpose vehicle and secured on the chips and the cash flows from customer contracts. Goldman…
Finance angle The 9.95% coupon shows what private credit charges to finance AI chips for a smaller operator: well above investment-grade borrowing costs, and payable from rental income on hardware that loses value quickly. Sharon AI says it has secured over US$2.6 billion of debt and equity in ten months against a customer order…
Read the report at SEC EDGAR (SharonAI Holdings 8-K) ↗
GMI Cloud, a Mountain View-based GPU cloud provider, raised a $223 million Series B led by ARCHIV with Nvidia, KT Corporation, Trend Micro and others taking part, plus a $445 million credit facility led by CTBC. It plans to add GPU capacity in the US, Taiwan…
Finance angle Two-thirds of the $668 million is debt, the usual structure for GPU clouds: lenders finance the chips against customer contracts. GMI says contracted annual recurring revenue has passed $600 million, more than nine times its level at the end of 2025. Most of the money goes to buy GPUs, so Nvidia is both an investor…
Read the report at Pulse 2.0 ↗
French AI developer Mistral AI raised €3 billion in a Series D round at a post-money valuation of €21 billion, according to the law firm that advised it. Samsung Electronics led the round, with the Scaleup Europe Fund managed by EQT and existing investor PSG…
Finance angle The €3 billion round values Europe's best-funded AI model developer at €21 billion and brings in Samsung Electronics, a memory-chip maker, as lead investor. Much of the cash is earmarked for compute, which means spending on AI chips and data-centre capacity. For European customers and governments seeking a non-US…
Read the report at Orrick ↗
Data and AI software company Databricks closed a $5 billion funding round at a $190 billion valuation, its second raise of 2026. Coatue led the round, joined by Blackstone, MGX, T. Rowe Price and new investor Sixth Street Growth. The company said its revenue…
Finance angle The round prices privately held Databricks at $190 billion, about 27 times its $7 billion revenue run-rate and 42% above the $134 billion set in February. The $5 billion comes from investors including Coatue, Blackstone and MGX. Databricks competes with listed Snowflake and with the data platforms of Microsoft,…
Read the report at The Next Web ↗
CoreWeave reported second-quarter revenue of $2,575 million, up from $1,212 million a year earlier, and a net loss of $626 million against $290 million. Its revenue backlog was approximately $104 billion at June 30, before more than $25 billion of net new…
Finance angle CoreWeave rents Nvidia-based computing to AI developers, and its accounts show the financing behind that model: $6,422 million of equipment purchases in a quarter that produced $2,575 million of revenue and a $626 million loss, funded by more than $10 billion of new debt and convertibles plus a $3.1 billion term…
Read the report at CoreWeave ↗
Stories are summarised in our own words from the linked reports; every one credits its publisher. Facts and exposure, never a tip: XDQ Labs is not registered with SEBI, the US SEC, FINRA or any European regulator. US and European share prices are not shown.