Search results for PitchBook
Crypto
SpaceX, OpenAI, Anthropic mega IPOs could drain Bitcoin liquidity
A potential mega IPO by SpaceX is fuelling expectations that liquidity flows in cryptocurrency markets could shift. If listings by SpaceX, OpenAI and Anthropic proceed as planned, capital moving into IPO subscriptions could be diverted from crypto into equities. The article cites estimates for SpaceX fundraising and valuation, Polymarket probabilities and possible retail participation, and notes SpaceX holds 8,285 bitcoin. Markets will watch the May–June roadshow period for signs of pressure or resilience in crypto prices.
AI & Enterprise
Sierra acquires France AI startup Fragment
Customer-service AI agent startup Sierra has acquired French startup Fragment, TechCrunch reported on April 23 local time. Fragment helps companies integrate AI into their work flows. The terms of the deal were not disclosed. PitchBook estimates Fragment raised about $2 million in a seed round. The transaction is Sierra’s third disclosed acquisition. Sierra also bought Japan’s Opera Tech and voice-agent company Receptive AI in late March.
Top News
Alphabet was a \'hidden\' big investor in SpaceX, discloses 6.11 percent stake ahead of IPO
Alphabet, Google’s parent, is confirmed to have held a 6.11 percent stake in SpaceX as of end-2025, based on a new Alaska disclosure. Alaska requires disclosure of shareholders holding 5 percent or more. If SpaceX lists at a $2 trillion valuation, the stake would be valued at about $122 billion, though the stake may have declined after a February merger of SpaceX and xAI.
