Home / Business and Economy / AI Giants Eye $195B Equity Raise
AI Giants Eye $195B Equity Raise
26 Oct
Summary
- Anthropic and Meta seek up to $195 billion in equity.
- SpaceX finalized a $40 billion chip and hardware deal.
- Upstarts face challenges due to credit and stock market issues.
Artificial intelligence leaders Anthropic and Meta are reportedly preparing to tap equity markets for substantial funding, aiming for up to $195 billion combined. This figure represents a significant third of last year's total equity issuance.
Separately, SpaceX has entered into a notable agreement valued at approximately $40 billion. An affiliate of Apollo Global Management will procure AI chips and server hardware for Elon Musk's multifaceted company, leasing the equipment back to SpaceX.
These large-scale fundraising efforts underscore the current advantage held by major corporations. They can leverage their established positions to access capital, even as tighter credit conditions and falling stock prices present significant hurdles for emerging companies and startups attempting similar financial maneuvers.
