AIFinancial Times58m ago

Memo: Nscale CEO Josh Payne says it has "more than $100B in contracted

Memo: Nscale CEO Josh Payne says it has "more than $100B in contracted revenue"; sources say it still plans to list by the end of 2026 at a $30B-$35B valuation

TL;DRNvidia-backed data center company Nscale claims $100B in contracts, eyeing 2026 IPO at $30B-$35B valuation.

Why it matters: Signals massive AI infrastructure demand and validates Nvidia's ecosystem bet ahead of potential public market test.

Memo: Nscale CEO Josh Payne says it has “more than $100B in contracted revenue”; sources say it still plans to list by the end of 2026 at a $30B-$35B valuation — Founder Josh Payne says demand remains ‘insatiable’ for the services of Nvidia-backed data centre group

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Source: Financial Times · Opens in new tab