EPISODE · Sep 18, 2024 · 44 MIN
E149: OpenAI to $1.0 trillion valuation?, Fly United with Starlink?, Broker-dealers ever offer crypto?
from This Week in Pre-IPO Stocks · host AG Dillon & Co
Send us Fan Mail00:15 - OpenAI to $1.0 trillion valuation?17:11 - Fly United with Starlink?26:39 - Broker-dealers ever offer crypto?[1] OpenAI in Talks for $6.5B Funding Round at $150B Valuation-Does OpenAI have potential to be a $1.0 trillion company? 6.7x return from here.-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 fund-30x revenue multiple on $5b Dec 2024 forward ARR-Appears only 29% of revenue is B2B; $1b ARR vs $3.4b ARR total as of Q2ish 2024[2] United Airlines to Offer Starlink Wifi-Does the type/quality of wifi determine which airline you use?-United focused on premium and business travelers-Adding power outlets, back seat screens, and now Starlink WiFi-United says Starlink is faster, more reliable, can be used over oceans, and allows travelers to use more than one device at a time-Release in late 2025-No cost to use Starlink Wifi-Starlink already has deals with Hawaiian Airlines and Qatar Airlines-Delta uses Viasat, American uses Intelsat[3] eToro Settles with SEC, Limits Crypto Offerings in the U.S.-If you're a broker-dealer or RIA how do you approach crypto now? Just stick with the ETFs?-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)
What this episode covers
Send us Fan Mail 00:15 - OpenAI to $1.0 trillion valuation? 17:11 - Fly United with Starlink? 26:39 - Broker-dealers ever offer crypto? [1] OpenAI in Talks for $6.5B Funding Round at $150B Valuation -Does OpenAI have potential to be a $1.0 trillion company? 6.7x return from here. -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, Microsof...
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E149: OpenAI to $1.0 trillion valuation?, Fly United with Starlink?, Broker-dealers ever offer crypto?
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