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OpenAI’s $1T IPO blueprint
Jackson Berger & Noel Moldvai
October 30, 2025
TL;DR. OpenAI is setting up for the most anticipated IPO in decades, with a potential $1T public debut on the horizon following a major corporate restructure. Anthropic secured a multibillion dollar cloud deal with Google to scale Claude, while Nvidia, Microsoft, xAI, and BlackRock backed a record $40B data center acquisition.
OpenAI eyes a potential trillion-dollar IPO after major restructuring
OpenAI is laying the foundation for what could be the most anticipated IPO in decades, potentially launching as early as late 2026 with a target valuation of up to $1T. The move follows a major corporate overhaul aimed at reducing reliance on Microsoft and unlocking access to public markets. Despite mounting losses, OpenAI projects a $20B revenue run rate by year-end.
Google and Anthropic announce cloud deal worth tens of billions of dollars
Anthropic has secured a multibillion-dollar cloud deal with Google, giving it access to unprecedented computing power to fuel its fast-growing AI models. The agreement supports Claude’s explosive enterprise adoption and reflects Anthropic’s edge in balancing speed, scale, and cost across Google, Amazon, and Nvidia infrastructure.
Nvidia, Microsoft, xAI and BlackRock part of $40B deal for Aligned Data Centers
A consortium including Nvidia, Microsoft, BlackRock, and xAI will acquire Aligned Data Centers for $40B, marking the largest data center deal ever. This is the Artificial Intelligence Infrastructure Partnership's first major move, designed to build out AI infrastructure at massive scale and meet surging demand for compute power.
Check out Augment’s new look
Augment just rebranded with a new logo and refreshed design to mark the launch of our Series A. Check out the updated site and Series A announcement below.
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Cheerio! Until next week.
-Noel