E148: OpenAI launches 'OpenAI o1,' in talks for $6.5B at $150B valuation, hits 10M subscribers; SpaceX sets civilian space travel record; Glean raises $260M at $4.6B valuation; Klarna cuts losses, integrates AI; Poolside in talks for $500M at $3B valuatio

Send us Fan MailSubscribe to AG Dillon Pre-IPO Stock Research at agdillon.com/subscribe;- Wednesday = secondary market valuations, revenue multiples, performance, index fact sheets- Saturdays = pre-IPO news and insights, webinar replays00:06 | SpaceX Sets New Record in Civilian Space Travel- Space payload delivery and satellite internet company- Polaris Dawn mission: first commercial spacewalk, civilian crew led by Jared Isaacman- Crew spent 20 minutes outside SpaceX Crew Dragon capsule- Reached 870 miles above Earth, setting a civilian space travel record- Tested new EVA suits, conducted 40 experiments- Secondary market valuation: $223B (+6.3% vs Jul 2024 round)01:20 | OpenAI Launches New AI Model, "OpenAI o1"- AI large language model business- Announced "OpenAI o1," focusing on enhancing reasoning abilities in math, coding, and science- Achieved 83% on International Mathematical Olympiad exam (up from 13% with prior models)- Available to ChatGPT Plus and Team users- Competitors like Google and Anthropic developing similar AI models01:59 | OpenAI in Talks for $6.5B Funding Round at $150B Valuation- OpenAI in discussions to raise $6.5B at a $150B valuation (primary round)- Previous valuation: $86B earlier in 2024- Seeking $5B in debt via revolving credit facility- Key investors include Thrive Capital, Microsoft, Apple, Nvidia, and UAE-backed MGX fund02:55 | OpenAI's ChatGPT Hits 10M Paying Subscribers- ChatGPT: 10M paying subscribers, 1M on higher-priced business plans- Generates $225M in monthly revenue, or $2.7B annually- Projected $4B in annual revenue in the next 12 months (up from $1.6B in late 2023)- Valuation at $150B, 37.5x forward revenue03:48 | Glean Raises $260M Series E, Valued at $4.6B- Enterprise AI solutions company- Raised $260M in Series E, valuing Glean at $4.6B (primary)- Competes with Microsoft Copilot and Amazon's chatbot- Global generative AI spending expected to rise to $143B by 202704:30 | Klarna Cuts Losses and Integrates AI Across Operations- Consumer credit and payments company- Severed ties with Salesforce and Workday, focusing on AI automation- 2023 losses dropped to $241M (from $1B in 2022)- AI-powered customer service assistant handled 2.3M interactions in its first month- Headcount reduced from 4,500 to 3,800, aiming for 2,000- Secondary market valuation: $10.1B (+50.4% vs Jul 2022 round)05:33 | Poolside in Talks to Raise $500M, Potential $3B Valuation- AI solution for software developers- In talks to raise $500M, potentially valuing the company at $3B (primary)- Co-founded by former GitHub CTO Jason Warner and Eiso Kant- Secured $126M in seed funding; secured Nvidia GPUs with Iris Energy Ltd06:17 | eToro Settles with SEC, Limits Crypto Offerings in the U.S.- Retail brokerage company- Agreed to $1.5M penalty with SEC over operating as an unregistered broker and clearing agency- U.S. users can trade only Bitcoin, Bitcoin Cash, and Ether; 180-day window to sell/withdraw other tokens- 38M registered users globally, offering over 100 cryptoassets outside the U.S.- Secondary market valuation: $7.3B (+107.7% vs Mar 2023 round)07:05 | Anduril Launches Modular, Autonomous Barracuda Air Vehicles- Defense contractor- Introduced Barracuda family of autonomous air vehicles with three versions- Barracuda-100, 250, and 500 models: ranges from 85 to 500 nautical miles- Systems are 30% cheaper and 50% faster to produce than competitors- Secondary market valuation: $17.0B (+21.5% vs Aug 2024 round)08:10 | Pre-IPO Stock Market Weekly Performance09:08 | Pre-IPO Stock Vintage Index Weekly Performance