AI IPO with $112B cash on balance sheet sets 'absurd' precedent
signulll · x · 2026-10-27
Commenting on a major AI company's IPO filing, signulll notes it sets an almost ridiculous precedent for every other AI company hoping to go public. The balance sheet shows $112.4B in cash and equivalents plus $19.3B short-term investments as of June 30, 2026 — but also $108.6B in convertible notes payable and $117.5B total liabilities.
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