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OpenAI confirmed on Monday that it has filed a confidential S-1 with the SEC aiming for a valuation between $730 billion and $850 billion, just weeks after Anthropic did the same at $965 billion.
Revenue of $850.5 million and ARR of $3.525 billion surpassed estimates, but the company brought forward equipment purchases to lock in prices, signalling pressure that will affect the entire SaaS category.
The roadshow started on June 4 with a fixed price of US$ 135 per share, aiming to raise US$ 75 billion. According to Morningstar, the fair valuation is 55% below the asking price. Debut on June 12 as SPCX.
The US$ 75 billion offering surpasses the US$ 29.4 billion raised by Saudi Aramco in 2019. The roadshow begins on June 4, with a Nasdaq debut scheduled for June 12 under the ticker SPCX.
The creator of Claude also involved JPMorgan in the syndicate and aims for an offering of up to US$ 60 billion in October, following an annualised revenue surge from approximately US$ 9 billion at the end of 2025 to US$ 47 billion.
Honeywell-backed Quantinuum increased the range to US$ 53 to US$ 55 and expanded the offering to 26.5 million shares. Pricing is scheduled for the evening of June 3 with QNT debuting on Nasdaq on Thursday.
The maker of Claude submitted a draft S-1 less than a week after a $65 billion Series H led by Altimeter and Sequoia. The annualised run rate surged to $47 billion.
In its largest European bet, Masayoshi Son's group allocates up to €45 billion in the first phase of a 5 GW network in Hauts-de-France, with EDF providing the Bouchain thermal site and Schneider Electric anchoring Dunkirk.
The Series H valued Anthropic at $965 billion and positioned Claude's company ahead of OpenAI for the first time. Annualised revenue crossed $47 billion this month.
Memory joins the ranks of Nvidia, Apple, and Microsoft. HBM4 capacity is sold out, and CEO Sanjay Mehrotra states it meets between 50% and 65% of key customer demand.
MUFG reported a profit of ¥2.4 trillion, a 30% increase and its third consecutive record; SMBC rose 34% and Mizuho 41%. With 250 AI use cases, Japan's largest bank aims to become AI-native. A comparison with Itaú and Bradesco.
OpenAI has confidentially filed its S-1 with the SEC on May 22, with Goldman Sachs and Morgan Stanley as coordinators and a target valuation between $852 billion and $1 trillion. The company generated $5.7 billion in the first quarter of 2026.