Money-losing Nscale’s $35 billion IPO includes a $3 billion deal with Nvidia and ‘going concern’ worries

September 21, 2026 at 10:25 AM

Good morning. On Fortune’s radar today:

Nscale’s $35 billion IPO.
Markets: Bitcoin shows signs of life.
There was a $62 billion wave of stock-buying before the Fed’s last call.
The internet is now half written by robots.
AI’s $3.6 trillion circular financing network.
Sydney Sweeney owns equity in Novig.

This story was originally featured on Fortune.com

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