Nscale's Breathtaking Bet: A $35 Billion Valuation on Fuzzy Numbers Nscale, a company providing AI data center services, has filed for a $35 billion initial public offering (IPO), sparking concerns about its valuation.
Despite never turning a profit in its history, the company is seeking an eyebrow raising valuation. Nscale's revenue for the first half of 2026 was $140.
6 million, but it incurred a net loss of $1 billion during the same period. Nscale's cost of providing services far outstripped its revenue, resulting in a gross profit of just $6. 3 million in 2024.