Situational Awareness is pitching a Fluidstack round at roughly double its valuation
Leopold Aschenbrenner's fund is pitching clients to invest alongside it in a Fluidstack round that would value the neocloud at $40 billion, according to a person familiar with the matter. The fund is raising money from its investors three months after highly levered AI bets nearly led to its implosion.
NoteFor finance readers, the structure matters: co-investments let clients buy into one deal alongside the manager. The $40 billion figure comes from a person familiar with the matter.
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