Databricks CEO: 2026 is
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Databricks CEO Ali Ghodsi has declared 2026 a bad year to go public, citing the unprecedented capital absorption by SpaceX ($1.77T valuation), Anthropic ($965B), and OpenAI ($1T) which together seek over $200B from public markets. With $6B in recently raised capital, a $4.8B revenue run rate growing 55% YoY, and positive free cash flow, Databricks has no financial urgency to list. Ghodsi's strategy is to wait for a quieter IPO window — likely 2027 — to avoid being overshadowed and to secure a fair valuation rather than a peak-bubble price. The primary motivation for eventually going public remains employee liquidity for stock options and RSUs.
