Blue Origin raises $10 billion at a valuation of $130 billion.
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Data center operator Crusoe is in talks to raise $3 billion, potentially raising its valuation to $30 billion.
According to a Bloomberg report citing sources familiar with the matter, Crusoe is in talks to raise approximately $3 billion in funding on July 4th, potentially tripling its previous valuation. Crusoe is an emerging data center operator that has already signed contracts with companies like Meta and Oracle to provide AI computing power. The sources indicated that the company focuses on building and operating large data centers that support AI systems. Funding negotiations are ongoing, and the final valuation has not yet been determined. The sources requested anonymity because the discussions are not public. However, investors expect Crusoe's valuation to reach approximately $30 billion after this round of funding. In comparison, the company's valuation was approximately $10 billion last October. Click the original link below to join the Beating · Lark AI news channel for 24/7 monitoring of global AI hotspots and news.
Nasdaq Is Investing $100 Million In Kraken Parent Payward At $21 Billion VALUATION-BLOOMBERG News - Rtrs
TreeNews News, Nasdaq is Investing $100 Million in Kraken Parent Payward at $21 Billion VALUATION-BLOOMBERG News - Rtrs
UBS raises Marvell Technology's target price to $340: AI network chips are a key catalyst; CXL high-speed interconnect opens up a multi-billion dollar market.
According to Mars Finance, UBS analysts have significantly raised their target price for Marvell Technology from $230 to $340, while maintaining a "buy" rating. The new target price implies an upside of nearly 39% from the recent closing price of approximately $276.70. The company launched the Teralynx T100, the industry's first 102.4 Tbps switching chip specifically designed for the AI era. UBS considers this product one of the core drivers of the company's future growth. UBS expects the global CXL market to reach a total potential size of approximately $4.5 billion by 2027, and is expected to further expand to $7 billion to $10 billion by 2030; Marvell's revenue from CXL-related businesses is expected to reach approximately $1 billion by 2027. (Cailian Press)
Crypto payments company Mesh is raising a new round of funding, with a potential valuation of up to $2 billion.
According to Mars Finance, Axios reports that crypto payment company Mesh is raising a new round of funding, led by Binance, with a post-investment valuation of up to $2 billion.
Chip startup SambaNova raises $1 billion, valuing the company at $11 billion.
Mars Finance reported on July 8th that SambaNova Systems, a chip startup backed by Intel's venture capital arm, has completed a $1 billion Series F funding round, valuing the company at $11 billion. The company is scheduled to officially announce the news on July 8th local time. (Wide Angle Observation)
SK Hynix's roadshow presentation slides revealed: The motivation for listing stems from a dual pursuit of valuation reassessment and capital expansion.
According to Odaily Odaily, SK Hynix's US IPO roadshow presentation slides have been leaked. It is reported that Baillie Gifford Overseas Limited, Coatue Management, and Situational Awareness Partners have individually (but not jointly) expressed their intention to subscribe for American Depositary Shares (ADSs) in this offering, with a total value of up to US$7 billion, at the initial public offering price. According to disclosed information, SK Hynix's IPO is driven by a dual motivation: valuation reassessment and capital expansion. It has long faced a valuation discount, currently trading at a forward 12-month price-to-earnings ratio of 6.2, lower than Micron Technology's 7. Measured by forward price-to-sales ratio, its 3.6 is also lower than Micron's 4.6. The fundamental reason for this valuation gap lies in the obstacles faced by US investors in directly investing in Korean stocks. Furthermore, the funds raised will be invested in expanding domestic production capacity in South Korea, including 45.5 trillion won in capital expenditure and 11.9 trillion won in EUV lithography machine procurement. (leinews)