SpaceX is planning to issue at least $20 billion in bonds — its first-ever investment-grade USD debt offering — to raise capital for its AI strategy. All three major credit rating agencies have granted the company investment-grade ratings ahead of the deal. A banking syndicate is expected to meet with potential investors as early as next week to discuss terms and finalize pricing.
Latent Space interviews Anjney Midha, a prominent AI investor who has led funding rounds at Anthropic, Mistral, Black Forest Labs, and Periodic Labs. Midha shares his personal journey from humble beginnings in Singapore to becoming a key figure in AI venture capital. The conversation also surfaces what the podcast bills as "the AMP secret master plan," offering a rare look at the thesis behind his current venture.
Lin Junyang has unveiled Praha (卜拉格), a new Chinese AI startup that has emerged from stealth with a reported first-round valuation of RMB 13.5 billion (approximately USD 1.87 billion). The round attracted three of China's most prominent investors simultaneously: internet giant Tencent, growth equity firm Gaorong Capital, and Sequoia China. The debut marks one of the highest first-round valuations seen in China's AI sector, signaling strong institutional confidence in the founding team.
Nvidia is returning to the bond market for the first time since 2021, planning to raise more than $25 billion in a major debt offering. The deal arrives amid what the company's advisers describe as a deluge of borrowing sweeping through the AI and technology sector. The issuance will serve as a high-profile test of how much additional AI-related debt exposure institutional investors are willing to absorb.
A new wave of AI companies is positioning itself for public listings, drawing comparisons to the speculative energy that surrounded SpaceX's anticipated IPO. Startups and their backers are racing to capitalize on investor appetite for AI exposure in public markets. The article examines which stakeholders — beyond the AI firms themselves — stand to benefit from this IPO surge.
Anthropic has submitted a confidential S-1 draft to the U.S. Securities and Exchange Commission, formally starting its IPO process. The company reportedly aims to list before rival OpenAI and capture early public-market demand for AI investments. The source does not disclose a valuation, fundraising target, exchange, or expected listing date.
AI is increasingly a baseline rather than a differentiator in startup pitch decks. Amid elevated valuations, Cornerstone Ventures managing director TP Lin avoids relying on short-term trend forecasts. He focuses capital and hands-on support on founders who can adapt to change, endure uncertainty, and actively create their own future.