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OpenAI vs Anthropic IPO Race: $1T vs $2T Valuations Redefine Scale
Audio is available on Spreaker — see link below.
OpenAI files confidential IPO papers at a $1T valuation while Anthropic eyes a $2T mega-listing backed by Amazon, Alphabet, and Blackstone. Plus: Oracle's $664B cloud backlog, Pixxel's $100M space-tech round, and Tottenham's venture platform launch.
Audio is available on Spreaker — see link below.
OpenAI filed confidential IPO papers on June eighth, targeting a valuation of around one trillion dollars. That single filing confirmed what's now become an explicit race between the two most valuable AI companies on earth.
The investor math around Anthropic is where this gets genuinely significant. Three hundred institutional backers are positioned ahead of that IPO.
OpenAI's filing brings its own complications. Revenue is annualising at around thirty billion dollars.
Sitting alongside the AI IPO story is a data point from Oracle that deserves attention. Q one cloud revenue hit seven point three eight eight billion dollars, up one hundred and twenty-one percent year over year.
One story outside the AI IPO frame worth tracking: India's Pixxel closed a one hundred million dollar Series C, the largest single funding round for an Indian space company. Total capital raised now stands at one hundred and ninety-five million.
Tottenham Hotspur launched Hotspur Labs this week, making it the first Premier League club to establish a dedicated venture platform. The model targets Series A through C startups in sustainability, mobility, and fan experience.
The near-term watchpoints are clear. On the IPO race, the key variable isn't valuation.
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