SpaceX's historic IPO on Nasdaq, the largest in financial markets history, has made Elon Musk the world's first trillionaire. The company's shares opened above IPO price, valuing the firm at $1.78 trillion and raising $75 billion.
Oracle shares dropped 11% after announcing a $20 billion capital raise and reporting negative free cash flow of $23.7 billion for the fiscal year. Despite beating revenue and earnings estimates for Q4, significant spending on AI buildout is impacting investor confidence.
Benchmark Capital, known for its selective, smaller funds, has raised $2 billion across two new funds, including a $1.25 billion vehicle for later-stage investments. This shift allows the firm to back capital-intensive AI startups and invest across more stages of a company's lifecycle.
Benchmark Capital, known for its traditional small funds and early-stage focus, has raised $2 billion across two new funds, including a $1.25 billion vehicle for later-stage investments. This shift signals adaptation to the capital-intensive AI era and changing market dynamics.
Jim Cramer warns that a surge in capital raises for AI infrastructure, including IPOs from SpaceX, Anthropic, and OpenAI, could flood the market and depress stock prices. He fears investors may need to sell existing holdings, like Nvidia, to fund new offerings, creating a "battlefield" for stocks.
Google and Alphabet CEO Sundar Pichai announced on X that the company raised approximately $45 billion through a stock capital raise on June 1st, significantly exceeding its initial target of $40 billion. Berkshire Hathaway acquired $10 billion worth of shares. Alphabet plans to raise an additional $40 billion next quarter, totaling $85 billion.
France-listed Capital B is asking shareholders to approve a significant capital raise, seeking authority to issue up to 5 billion euros in equity and 116 billion dollars in credit instruments to accelerate Bitcoin acquisitions. The move comes as the company continues to accumulate Bitcoin, contrasting with smaller treasury firms selling holdings.
Convective Capital launched an $85M fund for resilience tech, expanding beyond wildfire solutions to address broader physical world risks. The fund, backed by institutions, targets companies in areas like forest management, AI design, drone inspection, and commodity hedging.
Bloomberg reported Digital Asset Holdings is raising money at a $2B valuation in a round led by a16z Crypto, which comes less than a year after an earlier nine-figure round.
