All posts tagged: IPO

SoftBank is creating a robotics company that builds data centers — and already eyeing a 0B IPO

SoftBank is creating a robotics company that builds data centers — and already eyeing a $100B IPO

Published by skeptic

Tech companies are racing to build out infrastructure that can further drive the automation boom. Now, Japanese multinational SoftBank reportedly plans to create a new company designed to automate the creation of that infrastructure. SoftBank is putting together a new business called Roze AI, the Financial Times originally reported. Roze would seek to make data center construction in the U.S. more “efficient,” the Wall Street Journal reports. It would do that by — among other things — deploying autonomous robots to help build server farms. In an interesting twist, the conglomerate is already prepping Roze for an IPO, and some executives want it to happen by the second half of 2026, the Journal writes. The desired valuation might be $100 billion, FT reported. TechCrunch reached out to SoftBank for more information. Other recent ventures have also envisioned using AI and automation to make the industrial sector more efficient. For example, Amazon mogul Jeff Bezos has co-founded a startup called Project Prometheus that plans to buy firms in major industrial sectors and modernize them using AI. …

OpenAI in Shambles as IPO Looms

OpenAI in Shambles as IPO Looms

Published by José Betancourt

Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech OpenAI is still committed to a whopping $600 billion in AI infrastructure investments over the next four years, a gargantuan spending spree that requires the ChatGPT maker to make massive strides in attracting new users — and, to put it crassly, make far more money than it currently is. The numbers don’t paint a flattering picture, with OpenAI barely crossing the $20 billion annualized revenue line last year. It certainly doesn’t bode well, considering the company’s rumored plans to go public later this year, a major transition that could shine a bright light on what’s sounding like a harrowing financial situation. What was supposed to be a meteoric rise to stardom is off to a rough start. As the Wall Street Journal reports, OpenAI missed its own targets of reaching one billion weekly active users for ChatGPT by the end of 2025 — a threshold it still has yet to cross — as well as several revenue targets, …

Japan’s dour IPO market unlikely to improve despite sizzling debuts of sake, pet food firms

Japan’s dour IPO market unlikely to improve despite sizzling debuts of sake, pet food firms

Published by Sam Flores

TOKYO, April 27 : Sparkling debuts on the Tokyo bourse by a sake brewery and pet food maker last week are unlikely to revive a moribund market for new stock listings in Japan as investors remain fixated on the artificial intelligence boom. Shares of Umenoyado Brewery surged 75 per cent on their first day of trading on Friday, while Inuneko-Seikatsu traded more than 30 per cent higher than its IPO price on Monday. Even as the Japanese stock market surged to successive record highs this year, initial public offerings have disappointed, with new listings largely trading below their debut price. Reforms pushed by the Tokyo Stock Exchange (TSE) have helped valuations jump for the overall market, but stricter listing criteria have put a damper on the IPO sector. At the same time, enthusiasm over the red-hot artificial intelligence sector has sapped interest in IPOs, which are typically small companies that are focused on domestic demand. “The IPO boom has faded because retail investors’ interest is largely focused on AI stocks. We do not see those …

The climate tech IPO window could finally be cracking open

The climate tech IPO window could finally be cracking open

Published by skeptic

Climate tech startups are capital intensive, timelines are long, and the technology is often considered “first of its kind.” What’s more, a key value proposition is addressing pollution — an externality that is, at best, poorly priced by the market. Those aren’t the qualities stock pickers tend to favor. And yet, public markets appear to be warming to climate tech startups — or at least some of them. This week, nuclear startup X-energy went public, raising $1 billion in an upsized share offering that appears to have delivered a windfall for its investors, including Amazon. Retail investors apparently can’t get enough, with the stock popping 25% in its first hour of trading. Also this week, geothermal startup Fervo said it filed for an initial public offering. The size of the Fervo IPO has yet to be disclosed, but private investors have valued the company at around $3 billion, according to PitchBook. The move to go public aligns with what investors told TechCrunch at the end of last year. After years of tepid attitudes toward climate …

X-energy stock pops 27% on first day of trading following upsized IPO

X-energy stock pops 27% on first day of trading following upsized IPO

Published by skeptic

X-energy’s stock popped today in its debut on the Nasdaq, opening at $30.11 before closing at $29.20, up 27% over its initial public offering of $23 per share. Investors can’t get enough nuclear power, apparently. Even the initial share price had been revised upward from the $16 to $19 target floated by the company during its investor roadshow. At close, the company was valued at $11.5 billion. Just five years ago, such interest in a nuclear startup would have come as a surprise to many.  Back then, the nuclear industry was haunted by delayed projects and massive cost overruns at recently completed reactors. Two power plants were completed in Georgia — one in the late 2010s and another in the early 2020s. In total, they cost around $30 billion to build. Nuclear startups in the early 2020s were in their infancy, and at least one frontrunner had run into significant regulatory problems, sparking fears that the industry hadn’t been able to put its past behind it. Now, investors appear optimistic that X-energy and its peers …

SpaceX’s IPO Plan Will Give Elon Musk Ironclad Rule Over the Resulting Empire

SpaceX’s IPO Plan Will Give Elon Musk Ironclad Rule Over the Resulting Empire

Published by José Betancourt

Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech When SpaceX makes it debut on the stock exchange later this year, experts expect it to be the largest public offering in financial history. Should that audacious prediction come to pass, it would widen Elon Musk’s lead over the next-richest person into an unfathomable chasm, and cement him as one of the most powerful men in modern history. It’s also sounding like the financial maneuver will give him an ironclad grip over the resulting empire, which includes xAI and X-formerly-Twitter. According to an IPO prospectus filed with the Securities and Exchange Commission and unpacked by Reuters, once the company goes public, Musk will serve as CEO, CTO, and chairman of SpaceX’s nine-seat board of directors. The company will pursue a dual-class equity structure, under which legacy investors like Musk will receive 10 votes each, while public shareholders only get one. In other words, Musk’s mammoth slice of the pie — though it only adds up to 42 percent …

AI chip startup Cerebras files for IPO

AI chip startup Cerebras files for IPO

Published by skeptic

Cerebras Systems, a startup building what CEO Andrew Feldman describes as “the fastest AI hardware for training and inference,” has filed to go public. The company previously filed for an initial public offering in 2024, but that was delayed due to a federal review of an investment from Abu Dhabi-based G42 and was ultimately withdrawn. Cerebras raised a $1.1 billion Series G last year, followed by a $1 billion Series H in February at a $23 billion valuation, according to the Wall Street Journal. In recent months, the company announced an agreement with Amazon Web Services to use Cerebras chips in Amazon data centers, as well as a deal with OpenAI reportedly worth more than $10 billion. In a recent interview with the WSJ, Feldman boasted, “Obviously, [Nvidia] didn’t want to lose the fast inference business at OpenAI, and we took that from them.” Cerebras brought in $510 million in revenue in 2025, according to the filing, with a net income of $237.8 million (excluding certain one-time items, it was a non-GAAP net loss of …

Madison Air Pulls Off Biggest U.S. Industrial IPO Since 1999 As Data Center Cooling Theme Heats Up

Madison Air Pulls Off Biggest U.S. Industrial IPO Since 1999 As Data Center Cooling Theme Heats Up

Published by Jenni Sidey

Madison Air Solutions surged 18% in its IPO on Thursday after raising $2.23 billion, pulling off the largest U.S. industrial IPO in nearly three decades. Shares closed at $31.75, signaling strong investor appetite for an industrial name tied to the AI infrastructure buildout. The Chicago-based company designs and manufactures ventilation, filtration, and cooling systems for data centers, semiconductor manufacturing facilities, life sciences buildings, and commercial buildings. Most importantly, investors care about MAIR because it sells liquid, hybrid, and air-cooling equipment for data centers, tying it directly to the AI buildout boom.  Data centers account for roughly 20% of MAIR’s business. The company operates 30 brands and generated $3.34 billion in 2025 revenue, up from $2.62 billion a year earlier, though net income declined to $124 million from $236 million. Like many industrials operating in the US, it faces pressure from President Trump’s tariffs, with imported metals adding more than $51 million in costs last year.  On Thursday, MAIR closed at $31.75, up from its $27 offering price, giving the company a $15.5 billion. In premakret …

Florida AG opens probe into OpenAI ahead of potential IPO

Florida AG opens probe into OpenAI ahead of potential IPO

Published by Sam Flores

April 9 : Florida Attorney General James Uthmeier on Thursday launched an investigation into OpenAI and its chatbot ChatGPT, as the artificial intelligence firm prepares for an IPO that could value it at up to $1 trillion. In a video posted to X, Uthmeier said there were concerns about whether OpenAI’s data and AI technologies could fall “into the hands of America’s enemies, such as the Chinese Communist Party.” Subpoenas to the company will be issued shortly. Uthmeier also said ChatGPT, which has over 900 million weekly active users, had been linked to criminal behavior, including child sex abuse and the encouragement of suicide and self-harm. “We’ve also learned that ChatGPT may likely have been used to assist the murderer in the recent mass school shooting at Florida State University” that killed two, he added. OpenAI did not immediately respond to a Reuters request for comment. While acknowledging AI as a “monumental leap” in technology, Uthmeier said it should supplement, support and advance mankind, not “lead to an existential crisis or our ultimate demise.” California …

Exclusive-SpaceX has held talks with Saudi fund for possible billion investment in IPO, sources say

Exclusive-SpaceX has held talks with Saudi fund for possible $5 billion investment in IPO, sources say

Published by Sam Flores

NEW YORK, April 2 : Billionaire Elon Musk’s SpaceX has had discussions with Saudi Arabia’s Public Investment Fund about PIF potentially taking an anchor stake of around $5 billion in the space company’s IPO, according to two people familiar with the matter. The investment would partly prevent dilution of PIF’s existing stake of just under 1 per cent in SpaceX, the sources said. The rocket maker has been lining up anchor investors well ahead of its stock market debut, three other sources said. The company aims to raise a record-breaking $75 billion, which would dwarf previous mega-IPOs such as Saudi Aramco in 2019 and Alibaba in 2014. SpaceX is trying to gauge investor interest for a deal of this unprecedented scale, the sources said, requesting anonymity because the talks are confidential. No final decision has been made, and any investment remains subject to change, the sources cautioned. SpaceX did not respond to a request for comment. PIF declined to comment. Anchor investors are institutional buyers who typically commit to a fixed stake ahead of an IPO …