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Alphabet's $80B Raise, Anthropic IPO & the AI Capital Shift
Audio is available on Spreaker — see link below.
Alphabet's record $80B equity offering and Anthropic's $965B IPO filing signal that public markets are now the primary engine for hyperscale AI funding. Today's briefing covers SpaceX's Nasdaq roadshow, defense and orbital infrastructure rounds, DriveNets' networking raise, and India's IPO window reopening.
Audio is available on Spreaker — see link below.
Alphabet is raising eighty billion dollars in new equity. That's the headline, and it deserves a moment.
At roughly the same moment, Anthropic filed confidentially for an IPO at a nine hundred and sixty-five billion dollar valuation. That puts it ahead of OpenAI as the most valuable private AI lab.
SpaceX set its Nasdaq roadshow for June eighth, targeting a valuation between one point seven and two trillion dollars. The S-1 is public now, following an April confidential submission.
Meanwhile, the day's funding activity told a consistent story about where venture capital is rotating. Impulse Space raised five hundred million dollars for orbital logistics infrastructure, backed by Founders Fund, Lux Capital, and one thirty-seven Ventures.
DriveNets raised four hundred and ten million dollars for AI networking infrastructure, backed by AMD. It's unsexy relative to the frontier lab headlines, but the implication is worth noting.
On the IPO front, Prism, the entity behind Oyo, received SEBI approval for an Indian public offering targeting a seven to eight billion dollar valuation. After six months of regulatory waiting, that approval may signal a broader reopening of India's tech IPO window, with Zepto, PhonePe, and Flipkart all watching how this one trades.
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