# Nscale's IPO Wobbling

> Nscale's Norway data center delay threatens $35 billion IPO valuation.
- Title: Nscale's IPO Wobbling · Startup Fortune | Shortify
- Summary: Nscale's Norway data center delay threatens $35 billion IPO valuation. Nscale's Norway data center is six months behind schedule with only 6.4 megawatts…
- Keywords: nscale, nscale ipo, data center, norway, nscale data center, nscale valuation, nscale ipo delay, nscale gpu, microsoft gpu, coreweave, startups, business
- Source: Startup Fortune — https://startupfortune.com/nscales-35-billion-ipo-is-wobbling-because-its-data-centers-arent-ready
- Published: 2026-10-15T21:14:34+00:00
- Read time: 1 min
- Topics: nscale, nscale ipo, data center, norway, nscale data center, nscale valuation, nscale ipo delay, nscale gpu, microsoft gpu, coreweave, startups, business
## Nscale's Norway data center delay
Bloomberg reported Nscale's flagship Norway data center is six months behind schedule with only 6.4 megawatts running out of planned 30 megawatts.
## IPO targeting $35 billion valuation
Nscale filed for New York Stock Exchange listing under NSCL with a $35 billion valuation target.
## Narvik data center issues
Narvik data center faces cooling system leaks, permitting fights, construction delays, and a fire with workers housed on a floating hotel.
## Contracted revenue vs. live capacity
Nscale has $51 billion in contracted revenue but only 6.4 megawatts of 30-megawatt facility is live.
## Financial performance
Nscale's revenue rose to $140.6 million in six months but net losses jumped to $1.02 billion.
## IPO delay risk
Nscale's IPO is delayed as its Norway data center shows poor execution of AI infrastructure contracts.
## CoreWeave comparison
CoreWeave's credit spreads peaked at 881 basis points before easing to 452 basis points, indicating high default risk.
## IPO consequences
Nscale's IPO delay reflects market concerns about converting AI contracts to physical infrastructure.
## Key takeaway

Nscale's Norway data center is six months behind schedule with only 6.4 megawatts running, risking its $35 billion IPO valuation.