Secondary: 165–175B talk range; ~$3B attributed to WSJ; IPO delay context (Ghodsi: terrible year to go public amid SpaceX/OpenAI/Anthropic IPO capital).
Product/capital narrative: data+AI platform layer priced independently of frontier model labs.
Secondary: 165–175B talk range; ~$3B attributed to WSJ; IPO delay context (Ghodsi: terrible year to go public amid SpaceX/OpenAI/Anthropic IPO capital).
Product/capital narrative: data+AI platform layer priced independently of frontier model labs.