PARTNERSHIPS | COMMUNITY | PODCAST | FRIENDS
Oracle’s Stock Boost Lifts Larry Ellison’s Worth
Courtesy of Oracle
Larry Ellison, co-founder and chairman of Oracle, became the richest man in the world after the software giant’s stock popped 43% yesterday after posting unprecedented cloud revenue.
The Big Picture: The surge in cloud revenue suggests Oracle’s fortunes may now be tied to AI, with companies like OpenAI, Nvidia, and Meta emerging as key clients. Oracle is taking on significant debt to expand its data-center footprint — a gamble that the AI boom will lead to enough riches for those companies to actually pay their contracts.
Behind The Bump: Oracle may handle some pretty boring aspects of the tech industry, but the company’s quarterly earnings call yesterday had people very excited.
The company announced four cloud-computing deals worth hundreds of billions of dollars, including a five-year, $300 billion contract with OpenAI for 4.5 gigawatts of power (enough to power four million homes) — marking the largest cloud deal ever signed.
CEO Safra Catz says more deals are on the way, with $455 billion in outstanding contract revenue still on the books.
Oracle reported that its cloud revenue rose 28% to $7.2 billion and projects it will reach $144 billion by 2029 — a very ambitious target.
All of that came as a big surprise to investors, sending the stock up 45% in its biggest single-day gain since 1992. (Oracle’s been at this game a while.)
The Future: Larry Ellison, who owns about 43% of Oracle, saw his fortune balloon by $100 billion, lifting his net worth to $393 billion — about $8 billion more than Elon Musk. According to the Bloomberg Billionaires’ Index, Ellison had the largest single-day net worth increase in modern history.
Next Quarter: While it once seemed farfetched that Oracle could acquire an American version of TikTok on its own, it certainly has the capital to do so now… even with $100 billion still in debt. After all, what’s one more multi-billion dollar gamble?
Together with PlayersTV
Your Opportunity To Go From Viewer To Owner
Introducing PlayersTV — the first-ever athlete- and fan-owned media company set to disrupt the outdated sports media industry.
Here’s where it hits differently: you’re not just watching. You can own a piece of the network, right alongside them.
PlayersTV is already live on Amazon Prime, YouTube TV, and DIRECTV, with potential reach into 300M+ homes. The press is buzzing, and over 2,200 fans have already bet on this play.
Early-bird bonus: invest by 9/16 and score 15% extra shares with your investment.
This is a paid advertisement for PlayersTV Regulation CF offering. Please read the offering circular at https://invest.playerstv.com/.
PARTNERSHIPS | COMMUNITY | PODCAST | FRIENDS
Today’s email was written by David Vendrell.
Edited by Nick Comney. Polled and Copy-edited by Kait Cunniff.
Published by Darline Salazar.