
Nvidia Rules Out $100B OpenAI Bet as IPO Nears
Jensen Huang confirmed Nvidia's $30B OpenAI investment will likely be its last direct equity stake, killing the $100B pledge as OpenAI races toward a public listing at a $730B valuation.

Jensen Huang confirmed Nvidia's $30B OpenAI investment will likely be its last direct equity stake, killing the $100B pledge as OpenAI races toward a public listing at a $730B valuation.

OpenAI has finalized a $110 billion funding round backed by Amazon, NVIDIA, and SoftBank, valuing the company at $730 billion pre-money. But $35 billion of Amazon's commitment hinges on an IPO or AGI milestone.

Anthropic launches a $5-6 billion employee share sale at a $350 billion valuation, just 11 days after closing a record $30 billion Series G. The move signals an IPO is closer than the company admits.

OpenAI projects $600 billion in compute spending through 2030, with NVIDIA investing $30 billion and a potential $1 trillion IPO. But inference costs quadrupled in 2025 and the Stargate project faces internal disputes.

Elon Musk merges SpaceX and xAI in the largest merger of all time, valued at $1.25 trillion, with plans for orbital AI data centers and a mid-2026 IPO that could raise $50 billion.