| No. 1 · Friday, November 6 |
  Listen · 5 min |
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Top Stories
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Part of a larger round that could total about $20B, per TechCrunch, citing Bloomberg. OpenAI first sought up to $30B at about $1.5T, per Reuters. SoftBank and MGX took part.
Landed smaller and cheaper than first shopped.
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Investors told CNBC the $1.5T figure is a stretch after the AI selloff, with some now seeing $1T to $1.25T. The roadshow is still expected the week of Nov 9.
Zhipu and MiniMax, two Chinese AI labs, already trade in Hong Kong, per CNBC.
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Raising $2.5B to pay for it, including a $1B Series H at a $28.8B valuation, more than double its $12.7B mark in March. Closes early 2027.
Echodyne's radar gives Shield AI's drones eyes it did not build itself.
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Companies
Groq (an AI cloud company) is talking to investors about a Series B at an $8B pre-money valuation, about 2.5 times its $3.15B August price, per Yahoo Finance, citing Bloomberg. Yahoo Finance |
SpaceX Musk told investors annualized revenue could top $500B by December 2027, his best guess, with government work under 10% of revenue this quarter, per CNBC. |
Monzo (the British digital bank) is exploring a funding round at £7.5B after Nubank's £10B bid fell through and private equity talks stalled, per Silicon Republic, citing the FT. Silicon Republic |
Character.AI (the AI chat companion app) A court approved bidding procedures for its sale on Nov 4, in its Chapter 11 case. Character.AI |
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Deals
| Company | Round | Raised | Value | Lead |
CesiumAstro
(a maker of space communications systems) | Series D | $730M | Over $4.5B | Janus Henderson |
Harbinger
(a maker of electric trucks) | Series D | $240M | Undisclosed | Tiger Global, Capricorn and Ridgeline |
Sentra
(a data security company for AI agents) | Series C | $150M | Undisclosed | Capital One Ventures |
Ocient
(a data analytics software company) | Series C | $100M | Undisclosed | BOKA Capital and OCA Ventures |
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Public Markets · Friday close
| ABNB |
+11.7% |
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EPS of $3.16 beat $2.85, revenue of $4.87B beat $4.75B, and a new $12B buyback. Investopedia |
| AMD |
+11.0% |
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Chips bounced back on the jobs report; Nebius, an AI cloud, +7.6% and TSMC +6.3% too. Investopedia |
| SoftBank |
−10.8% |
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The AI rout hit Asia. Its cost of insuring debt hit a four-year high, per Reuters. Investopedia |
| NET |
+9.9% |
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Fourth-quarter guidance topped estimates, per CNBC. Third-quarter revenue rose 39% to $782.5M, per the company. |
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Odds
| 86% |
SpaceX has the biggest IPO of 2026 by market value ▲ 18 from 68%. Polymarket |
| 7% |
Nvidia worth $5.5T to $6T at the end of 2026 ▼ 15 from 22%. Polymarket |
| 68% |
Two Fed rate hikes in 2026 ▼ 10 from 78%. Polymarket |
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On X
Sequoia is shutting its Scouts program, its Arc accelerator and its London office in a broad overhaul. It also raised about $10B in new funds. @TechCrunch · TechCrunch |
Crusoe sold its unfinished Wyoming data center project to Google, which plans to invest $17B building the campus. The price was not disclosed. @TechCrunch · TechCrunch |
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Pre-Money: every round, in five minutes. Made from public reporting, credited above. Not investment advice.
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