Deals confirmed
Nscale: $900M syndicated credit facility; IPO prep continues

Nscale closed a $900M revolving credit facility syndicated across J.P. Morgan, Goldman Sachs, Morgan Stanley, MUFG, RBC, BofA, Crédit Agricole CIB, Deutsche Bank, Mizuho, SMBC, TD, KeyBank; follows $2B Series C (March, ~$15B reported valuat

1 sources516 words ReutersGoldman Sachs
Deals confirmed
B Capital closes Ascent Fund III at $500M hard cap

B Capital announced final close of Ascent Fund III at its $500M hard cap, oversubscribed, ~2x the $254M Ascent II (2022); seed–Series B across AI, healthcare, enterprise, energy; already 20+ investments (Apptronik, Havoc AI, Star Catcher).

1 sources409 words Apptronik
Companies confirmed
xAI officially rebrands as SpaceXAI; Grok brand untouched

On July 6, 2026, xAI rebranded as SpaceXAI (X handle @xai → @SpaceXAI), formalizing the Feb 2, 2026 all-stock SpaceX–xAI merger (~$1.25T combined) after SpaceX's record ~$75B June IPO (SPCX, $135/share, +19% day one). Grok products, SuperGr

2 sources479 words xAISpaceXAI
News confirmed
CPP Investments invests $1.75B (C$2.4B) with EQT/EdgeConneX

CPP Investments invested US$1.75B to support EQT's AI-infrastructure strategy led by EdgeConneX; transaction closed July 3; EdgeConneX has scaled capacity ~20x since EQT's 2020 acquisition and plans >10GW additional development.

2 sources347 words
Deals confirmed
Kling AI closes ~$3B round at $18B valuation; HKEX IPO filing

Kuaishou's AI video subsidiary Kling AI closed its first external round of ~$3B at an $18B post-money valuation (down from a $20B target), with Alibaba Cloud, Baidu, Tencent and two Beijing state funds co-investing; Kuaishou filed with HKEX

1 sources513 words AlibabaTencent