Crusoe Considering Potential IPO With Major Banks
Crusoe is exploring the possibility of an initial public offering (IPO), currently discussing it with major investment banks including JPMorgan, Goldman Sachs, Morgan Stanley, and Bank of America. The discussions are part of Crusoe's broader strategy to expand its AI infrastructure portfolio as a data-center developer and power supplier. The company has not yet reached the formal stage for selecting underwriters or disclosed details such as target date, offering size, valuation, or share count. An IPO would provide access to public equity funding for ongoing projects including Crusoe Cloud and new data centers. In parallel, Crusoe is also seeking private capital; a $3 billion financing round in July valued the company at approximately $30 billion. Crusoe has already secured significant private investment, with its Series E round closing on over $1.375 billion in October 2025 and an expected valuation above $10 billion.
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Topics: AI infrastructure Crusoe investment banking IPO