AI capital race sprints into winnowing phase
META•Anthropic and Meta are tapping equity markets for up to $195 billion, a third of last year’s total issuance. SpaceX also struck a $40 billion chip deal as tighter credit and slipping stocks stymie upstarts, while the cost of fundraising rises.
1. Fundraising scale grows
Anthropic unveiled a prospectus for an IPO that could value it at as much as $2 trillion, while Meta said it intends to raise up to $95 billion through stock offerings. Separately, an Apollo affiliate agreed to buy AI chips and server hardware and lease them to SpaceX in a deal with about $40 billion in total principal payments.
