They’re raising from a position of strength for capital they don’t need. As far as I know, they haven’t published their valuation, but it is very possible they’re giving up little equity. Plus, giving up some equity to meet customer demand is generally a good idea as more revenue means higher valuation.
Isn't the correct vehicle when in such a position called a "loan"?
Forbes has our valuation, at $6b: https://www.forbes.com/sites/rashishrivastava/2026/10/09/thi...