SpaceX Valuation Hits $2.7T After Trading Begins

CyrusOne, a data center operator owned by KKR and BlackRock's Global Infrastructure Partners, is preparing for what could be one of the largest IPOs next year by interviewing investment banks. The company was taken private in early 2022 for $15 billion. The IPO would allow the private equity owners to cash out while enabling CyrusOne to pay down debt accumulated during data center expansion.

Moonshot AI released Kimi K3 on July 27, 2026, a 2.8 trillion parameter open-weight model that is the first in its class to reach 3 trillion parameters. The model uses a Mixture of Experts architecture with 896 experts, activating only 16 per token for 104 billion active parameters per forward pass. AWS published a deployment guide covering two approaches: Amazon SageMaker HyperPod and Amazon EKS, enabling organizations to self-host the model on their own infrastructure.

Nscale, a UK-based AI cloud provider backed by Nvidia, is preparing for an IPO that could value the company in the multibillion-dollar range. The startup is meeting with investors and has scheduled an investor day in New York next week, working with Goldman Sachs and JP Morgan on the offering. An IPO could happen as soon as fall 2026, though the company retains the option to delay amid current market volatility.

Xsight, an Israeli server networking and storage chip startup, raised $300 million at a $2.8 billion valuation in its first major funding round in five years. Led by Fidelity Investments with participation from Atreides Management, Valor Equity Partners, Battery Ventures, and Intel Capital, the round reflects investor appetite for networking infrastructure that connects GPUs in data centers. The funding follows recent rounds for competing networking startups Eliyan and Upscale AI, signaling a broader market opportunity beyond GPU chips themselves.