Blackstone

Investors would not pay three times August's price for an AI data centre operator, so Firmus pulled a $5bn listing on the day

At A$11 a share the deal implied an equity value of $30.6bn, against $10.5bn in a funding round completed at the start of August.

Broadcom, Oracle and SpaceX are all trying to borrow for AI chips from private credit rather than the bond market

All three are reported talks rather than closed deals. What they have in common is the structure: borrow privately, and keep the hardware off the operating company's balance sheet.

Lambda's order book went from $15bn to $50bn in three months, and $35bn of it is one Anthropic contract

The GPU cloud's backlog more than tripled over the summer, but most of the increase traces to a single customer that is also one of its competitors' biggest buyers.

Half of Australia's biggest listing in years is going back to the investors who already own the company

Demand ran far above the offer size and the bookbuild was pulled forward a day. The proceeds buy GPUs for a campus in Batam, Indonesia.

Blackstone is putting $9bn of its own money behind the chips Anthropic has already promised to buy

The senior half will be sold to insurers and credit funds. What it prices at is the market's verdict on whether AI compute contracts are durable collateral.