Valida Pau
369 posts
@validapau
Tech M&A and IPOs @theinformation | Signal validapau.59 or [email protected] | @Wellesley alum
SCOOP: OpenAI is in talks with Microsoft to raise more money. The startup was valued at nearly $20 billion in a secondary sale last year. w/ @KateClarkTweets @erinkwoo @amir theinformation.com/articles/opena…
what's the deal with all the reporting on pieces of SpaceX's unreleased S-1... isn't this pretty unusual? off the cuff theories... 1) narrative seeding...a strategy to get stories on the parts of the S-1 the company wants people to focus on before they look at the numbers, risk factors, messiness? 2) so many banks are involved that it's harder to keep a secret? 3) weak regulatory environment and boldness of SpaceX has them leaking more? I covered Uber IPO for Bloomberg and don't remember this much confident reporting on what the S-1 actually says.
NEW SpaceX and xAI numbers: SpaceX debt load at the end of 2025 jumped from 14B to 23B. Much is tied to a lease deal Valor Equity Partners for xAI. It doubled its cash pile to 25B, largely because it absorbed cash from xAI. w/ @coryweinberg 🧙♂️🪄
SpaceXAI and @cursor_ai are now working closely together to create the world’s best coding and knowledge work AI. The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models. Cursor has also given SpaceX the right to acquire Cursor later this year for $60 billion or pay $10 billion for our work together.
