# Сопутствующие статьи по теме Valuation

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Valuation", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Tether’s Fundraising Plans Quietly Collapse — Is the $500B Valuation Too Much?

Tether's ambitious plan to raise $15-20 billion at a $500 billion valuation has collapsed due to investor skepticism and market volatility. The company, issuer of the USDT stablecoin, saw a 23% drop in net profit to $10 billion in 2025, further dampening investor confidence. Amid a broader crypto market downturn and concerns over its valuation and revenue sustainability, Tether has scaled back its fundraising ambitions. The firm is now testing appetite for a smaller raise but maintains its $500 billion target, which critics deem overly ambitious. The failure to secure commitments signals a significant setback for its expansion into AI, commodities, and energy infrastructure.

ccn.com02/04 10:07

Tether’s Fundraising Plans Quietly Collapse — Is the $500B Valuation Too Much?

ccn.com02/04 10:07

SpaceX Swallows xAI's Ten-Billion Loss, Weaving a Trillion-Dollar Space AI Story

SpaceX has announced the acquisition of xAI, with the combined entity valued at an estimated $1.25 trillion. This move by Elon Musk integrates his rocket and satellite ventures, creating a massive "internal cycle" of AI and space technology. The article, originally titled "SpaceX Swallows xAI, Musk's Trillion-Dollar 'Internal Cycle'", discusses the strategic implications of this merger. It also references related news topics, including why xAI may be undervalued, SpaceX's preparations for a historic IPO that could target an $800 billion valuation, and Musk's previous failures leading to this comeback. The content concludes with a disclaimer that the article represents only the author's views and does not constitute investment advice.

比推02/03 14:12

SpaceX Swallows xAI's Ten-Billion Loss, Weaving a Trillion-Dollar Space AI Story

比推02/03 14:12

Is CRCL Expensive Now? Calculating Circle's Stock Price Using the DCF Valuation Model

**Title: Is CRCL Expensive Now? A DCF Valuation Analysis of Circle's Stock** **Summary:** This analysis uses a discounted cash flow (DCF) model to estimate the fair value of Circle (CRCL) stock, focusing on its USDC stablecoin business. Key assumptions include: USDC circulation of $70 billion by end-2025, growing at an average annual rate of 15% from 2026 to 2035; a 2.5% average benchmark interest rate; 38% gross margin; fixed operating costs of $500 million in 2025, increasing 10% annually; 24% effective tax rate; 10% discount rate; and a terminal PE multiple of 20. The fully diluted share count is 275 million. The model calculates EBITDA as interest income (USDC circulation × interest rate × margin) minus fixed costs. Free cash flow (FCF) is derived after taxes. The present value of explicit FCF (2026–2035) is $2.282 billion, and the terminal value (2035 FCF × 20) discounted to 2026 is $7.138 billion. The total enterprise value (EV) is $9.42 billion, implying a fair stock price of $34.25 per share as of January 2026. Sensitivity analysis shows that if USDC growth averages 20% annually, the fair value rises to ~$62 per share, suggesting potential margin of safety at current prices (around $62 in early February 2026). However, short-term volatility, forced sellers, and leverage risks are highlighted. The model is conservative, excluding other revenue streams (e.g., Circle’s emerging products like Arc chain) and emphasizing USDC’s growth and competitive sustainability as key variables. Historical USDC growth (2020–2025 CAGR ~76%) is noted but not assumed to continue. The conclusion underscores the need for evidence-based conviction to withstand market noise. *Note: This is a thought experiment, not investment advice.*

marsbit02/03 06:06

Is CRCL Expensive Now? Calculating Circle's Stock Price Using the DCF Valuation Model

marsbit02/03 06:06

OnlyFans in Talks to Sell 60% Stake in Deal Valued at Up to $5.5 Billion

According to The Wall Street Journal, OnlyFans is in discussions to sell a 60% stake to U.S. private equity firm Architect Capital. The potential deal could value the subscription platform between $3.5 billion and $5.5 billion, including debt. Majority owner Leo Radvinsky, who acquired the company in 2018, has previously explored a full sale. Architect Capital, known for investing in businesses with regulatory challenges, aims to improve payment systems for creators and plans to take OnlyFans public by 2028. The report also notes that OnlyFans' parent company, Fenix International, previously invested significantly in Ethereum, sustaining substantial losses during the 2022 crypto market downturn.

TheNewsCrypto01/31 09:36

OnlyFans in Talks to Sell 60% Stake in Deal Valued at Up to $5.5 Billion

TheNewsCrypto01/31 09:36

Kalshi's Pre-IPO Stock Price Soars, Is It Still Time to Buy?

Kalshi, a leading US-regulated prediction market platform, has seen its pre-IPO stock price surge by 21.7% in the past 30 days, significantly outperforming major cryptocurrencies like BTC and ETH. The prediction market sector is experiencing explosive growth, with total trading volume exceeding $50 billion in 2025. Kalshi reported a record $23.8 billion in annual trading volume for 2025, a 12x year-over-year increase, and is projected to reach a monthly trading volume of $9.1 billion in January 2026. The platform's rapid growth has attracted significant capital, including a $1 billion funding round led by Paradigm, valuing the company at $11 billion. Pre-IPO share prices for Kalshi vary across platforms, ranging from $307 on Nasdaq Private Market to $450 on crypto-native marketplaces. The article analyzes whether investing in Kalshi's pre-IPO shares remains a viable opportunity given its meteoric rise and market dominance.

marsbit01/29 08:57

Kalshi's Pre-IPO Stock Price Soars, Is It Still Time to Buy?

marsbit01/29 08:57

Kalshi's Pre-Market Stock Price Surges, Is It Still Time to Buy?

Kalshi, a leading US-regulated prediction market platform, has seen its pre-IPO stock price surge by 21.7% in the past 30 days, significantly outperforming major cryptocurrencies like BTC and ETH. The prediction market sector is experiencing explosive growth, with total trading volume exceeding $50 billion in 2025. Kalshi reported a record $23.8 billion in annual trading volume for 2025, a 12x year-over-year increase, and is projected to reach a monthly trading volume of $9.1 billion in January 2026. Backed by major investors like Paradigm and Sequoia, Kalshi's valuation has soared to $11 billion. Pre-IPO share prices for Kalshi vary across platforms, ranging from $307 on Nasdaq Private Market to $450 on crypto-native platforms, reflecting high market interest. The article analyzes whether investing in Kalshi's pre-IPO market is still worthwhile given its rapid growth and dominant market position.

Odaily星球日报01/29 08:47

Kalshi's Pre-Market Stock Price Surges, Is It Still Time to Buy?

Odaily星球日报01/29 08:47

2026: The Upcoming IPOs of Crypto Companies

By 2026, multiple major crypto companies are preparing for IPOs, signaling a trend of crypto infrastructure firms entering public markets. Kraken, targeting a $20 billion valuation in H1 2026, has strong financials and backing from traditional market makers. Consensys, valued at $7 billion in 2022, plans a mid-2026 IPO, leveraging MetaMask's 30 million monthly users but faces challenges balancing token and shareholder interests. Ledger, aiming for a $4 billion valuation, is shifting from hardware sales to a software-focused model. Bithumb seeks a Korean listing to rebuild trust amid past governance issues. CertiK, valued at $2 billion, announced its IPO plans but must address reputational concerns from past security controversies. These moves reflect improved regulatory clarity and market maturity, though investors must differentiate between companies with solid fundamentals and those with unresolved risks.

marsbit01/29 04:37

2026: The Upcoming IPOs of Crypto Companies

marsbit01/29 04:37

$5.15 Billion: A Win-Win 'Bargain Sale'

Capital One acquires Brex for $5.15 billion in a deal that merges Silicon Valley innovation with traditional banking strength. Brex, a fast-growing fintech startup valued at $12.3 billion in 2021, saw its valuation drop amid high interest rates and challenging market conditions. Despite 40% growth and $500M ARR, Brex faced rising capital constraints and investor pressure for liquidity. Capital One’s vast balance sheet—$470B in assets and low-cost deposits—offered stability Brex couldn’t achieve alone. The acquisition highlights a broader trend: fintechs often innovate but struggle with scalability and funding durability, while established banks leverage capital and patience to acquire validated technologies and customers. Brex’s founders, in their late 20s, prioritized certainty and shareholder returns over a risky IPO. The deal underscores the power imbalance between agile fintechs and deep-pocketed traditional banks, signaling a shift where fintech disruption increasingly ends in acquisition rather than independence.

marsbit01/28 07:31

marsbit01/28 07:31

SoftBank to Expand OpenAI Investment, Will AI Cryptos Respond?

SoftBank plans to expand its investment in OpenAI, potentially increasing the AI firm's valuation to around $830 billion. This move aims to strengthen SoftBank's position in the AI sector and support OpenAI amid rising competition. Following the news, some AI cryptocurrencies, like Bittensor (TAO) and Story (IP), saw slight gains, though others declined. The overall AI crypto market cap rose slightly to $18.09 billion. However, the market remains volatile due to factors like global trade uncertainty and gold's rally to record highs, which is attracting safe-haven investors. Official details of SoftBank's additional investment have not yet been publicly confirmed.

TheNewsCrypto01/28 05:33

SoftBank to Expand OpenAI Investment, Will AI Cryptos Respond?

TheNewsCrypto01/28 05:33

2026, Those Potential Super IPOs in the Global Capital Market

"2026 is poised to be a landmark year for global capital markets, with a wave of high-profile IPOs expected across major tech sectors. In the U.S., several mega-unicorns are preparing to go public, driven by the need for massive capital and maturation in private markets. Key listings include SpaceX (targeting a $1.5T valuation for its satellite internet and rocket businesses), OpenAI (aiming for up to $1T) and Anthropic (seeking $300B) in the AI race, Databricks ($134B-$160B) for data and AI infrastructure, and Stripe ($915B-$1.2T) in payments. TikTok may also IPO separately if spun off from ByteDance ($480B-$500B). These companies reflect the intense demand for capital, especially in AI and space tech. In China, Hong Kong and A-shares are seeing activity from AI firms like Zhipu and MiniMax (which listed successfully in January), as well as companies in commercial space (e.g., Landspace, CAS Space) and robotics (e.g., Unitree). The Hong Kong Exchange’s Chapter 18C provides a pathway for pre-revenue tech firms, while China’s STAR Market focuses on hard tech like semiconductors and advanced manufacturing. Overall, 2026 is set to be a record-breaking year for public listings, though much of the early-stage growth has already been captured in private markets."

marsbit01/28 02:56

2026, Those Potential Super IPOs in the Global Capital Market