It’s been a busy week for Prime Unicorn Index components, with significant investments, acquisitions, tender offers, and IPO preparations. Here’s a look at the latest developments.
Amazon’s $4 Billion Investment in Anthropic
On November 22, Amazon announced an additional $4 billion investment in Anthropic, the third largest component of the Prime Unicorn Index. This latest investment brings Amazon’s total stake to $8 billion, reinforcing its partnership with Anthropic. As part of the collaboration, Anthropic has named AWS as its official cloud provider and plans to integrate Amazon’s Trainium chips for future model development.
Databricks’ Tender Offer
Databricks, the analytics and AI leader, is reportedly engaging in a $1 billion tender offer led by Thrive Capital. This tender offer, allowing early investors and employees to sell stakes, values Databricks at approximately $55 billion. The company’s growth has been bolstered by recent acquisitions, including Tabular, and partnerships, such as its expanded collaboration with Nvidia earlier this year. Databricks continues to serve over 10,000 organizations with its unified data and AI platform.
SpaceX’s Upcoming Tender Offer
SpaceX is set to open a tender offer in December, allowing existing shareholders to sell at $135 per share. This price reflects a significant valuation increase to over $250 billion, driven by the company’s continued success with its Starlink and Starship programs. SpaceX remains the largest component in the Prime Unicorn Index.
Skydio’s Series E Extension Round
Skydio, the leading U.S. drone manufacturer, has raised an additional $170 million in an extension to its Series E round. This new funding brings the total raised in the round to $400 million, further supporting the company’s efforts to scale manufacturing and expand its use in public safety, infrastructure, and defense.
ServiceTitan’s S-1 Filing
ServiceTitan, a software platform for trade businesses, filed for an initial public offering (IPO) with the Securities and Exchange Commission on November 18, 2024. The Glendale, California-based company plans to list its shares on the Nasdaq Global Select Market under the ticker symbol “TTAN.” The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Vercel Acquires Grep
On November 20, Vercel announced the acquisition of Grep, a code search platform designed to help developers search across over 500,000 public Git repositories. Grep’s founder, Dan Fox, will join Vercel’s AI team to further enhance the platform. This acquisition aligns with Vercel’s mission to accelerate developer workflows and support its growth in AI-powered developer tools.
Prime Unicorn Index Performance
The Prime Unicorn 30 Index continues to show steady growth. Year-to-date, the Index has gained 1.25%, driven by a 7.55% surge in the past month.
