This Week in Pre-IPO Stocks Podcast

Anduril doubles valuation to $28b with $2.5b raise, big VR headset win from US military Clint Sorenson CFA, CMT Nick Fusco Evan Cohen Aaron Dillon

Figure's underwriting has changed with the $39.5b valuation Clint Sorenson CFA, CMT Nick Fusco Evan Cohen Aaron Dillon

The Capital Game! xAI Raising $10B at $75B Valuation, Maybe Higher? OpenAI raising $40b at $300b post … DILUTION! Clint Sorenson CFA, CMT Nick Fusco Evan Cohen Aaron Dillon

E186: Beware of dilution (OpenAI, xAI, Figure); Figure's huge 780% increase to $39.5b; Anduril 2x to $28b | Watch ??? = https://lnkd.in/eJAevnyh 00:24 - The Capital Game! xAI Raising $10B at $75B Valuation, Maybe Higher? OpenAI raising $40b at $300b post … DILUTION! xAI - Valuation up from $50B; final round could close closer to $97B secondary market valuation - Raised $6B in May and Dec 2024; investors include Andreessen Horowitz, Fidelity, BlackRock - Grok 3 to launch soon; trained on 100,000 GPUs, largest GPU cluster for AI training - Secondary market valuation: $97B, +94% vs Nov/Dec 2024 round OpenAI - Convertible note - Softbank leading the round - Announced contributions to Stargate; $500b datacenter 13:10 - Figure AI Raises $1.5B at $39.5B Valuation - Sharp increase from $2.6B valuation last year (+840%) - Investors: Microsoft, OpenAI, Nvidia, Jeff Bezos; BMW among early customers - Plans to ship 100,000 humanoid robots over four years - Secondary market valuation: $4.2B 17:21 - Anduril Doubles Valuation to $28B with $2.5B Raise - Founders Fund leads with $1B, its largest investment ever - 2024 revenue doubled to $1B; annual contract value: $1.5B - OpenAI partnership for AI-driven national security missions - Secondary market valuation: $28B, +100% vs Aug 2024 round Clint Sorenson CFA, CMT Nick Fusco Evan Cohen Aaron Dillon

Groq crushing it w/ $1.5b Saudi deal - $1.5b new deal with Saudi Aramco - already just built largest data centers in middle east with Saudi Aramco with 19,000 LPUs - 652,000 AI developer customers using Groq Cloud - ships 108,000 LPUs by Q1 2025, targeting 2m by year-end?? - LPUs claim 10x speed advantage over Nvidia, using 10x less power?? - expanding via joint ventures in Saudi Arabia, Canada, and Latin America … CEO goal of 50% of global inference market - secondary market valuation: $3.1b, +12% vs Aug 2024 Clint Sorenson CFA, CMT Nick Fusco Evan Cohen Aaron Dillon

Anduril raise at $28b - raising $2.5b at $28b valuation - $22.6b in secondary - last round $14b in Aug 2024 - 2024 revenue $1 billion, 2x 2023 - 2024 annual contract value reached $1.5 billion - 28x revenue multiple Clint Sorenson CFA, CMT Nick Fusco Evan Cohen Aaron Dillon

Klarna April IPO at $15b - buy now pay later fintech shop - IPO coming in April at $15b valuation - $12.8b in secondary, +91% vs Jul 2022 round - $2.8b in 2024 revenue (est) - 5.4x revenue multiple - 85m users worldwide - $100bn of volume - over 500k merchants - about 30% of volume is debit not credit - over 1 million cards issued Clint Sorenson CFA, CMT Nick Fusco Evan Cohen Aaron Dillon

OpenAI o3, Operator, & Deep Research impress! | Clint Sorenson CFA, CMT Nick Fusco Evan Cohen Aaron Dillon

Shein impacted by Trump tariffs | Clint Sorenson CFA, CMT Nick Fusco Evan Cohen Aaron Dillon

E182: Shein impacted by Trump tariffs; OpenAI o3, Operator, & Deep Research impress! | Watch here = https://lnkd.in/esut29x3 00:23 -?Shein impacted by Trump tariffs 14:17 - OpenAI o3, Operator, & Deep Research impress! Clint Sorenson CFA, CMT Nick Fusco Evan Cohen Aaron Dillon