AXEVIL Capital

MatX Stock Price, Valuation & IPO

Private company — MatX is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.

Status source: AXEVIL investment team

$215.73 per share (AXEVIL consensus estimate)

Source: AXEVIL consensus of recent secondary transactions · as of 10 November 2026

Total raised: ≈$625M

Data last updated: 10 November 2026

About MatX

Chips built solely for large language models, from former Google AI chip architects; its first chip is MatX One. It has raised about $625 million in total; its valuation has not been disclosed.

MatX was founded in 2022 in Mountain View by Reiner Pope and Mike Gunter, both from Google: Pope was responsible for the speed of the PaLM model and helped conceive TPU v5e, and Gunter was the chief architect of one of Google's AI chips and has designed 11 chips in total. The company designs its chip solely for large language models and deliberately forgoes small models, recommendation systems and convolutional networks for the sake of speed and cost per response. MatX One keeps model weights in fast on-chip memory and the long conversation history in high-capacity memory alongside it, and delivers more than 2,000 tokens per second on a 100-layer model; up to 100,000 chips can be linked into a single cluster. The chip will be manufactured by TSMC, with first shipments planned for 2027. The team has more than 100 people, and the company has raised about $625 million in total over three rounds.

  • Sector: Semiconductors
  • Headquarters: Mountain View, USA
  • Founded: 2022

Key highlights

  1. AI labs: the main interest in the chip. According to Reiner Pope, frontier model labs have the largest compute budgets. They are also more willing than others to move to a new software stack, for which MatX sacrifices ease of programming.
  2. Anthropic: discussed an acquisition, moved to a partnership. In summer 2026 Anthropic, according to Reuters, discussed acquiring MatX to speed up development of its own chips. The talks then shifted to a possible partnership; no deal has been announced yet.
  3. Marvell and Alchip: suppliers became investors. Companies from the AI chip supply chain joined the Series B. Proceeds from the round go toward finalizing MatX One and starting production at TSMC fabs.

Frequently asked questions

How can I buy MatX stock before the IPO?

Not on a public exchange — MatX is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.

What is the MatX stock price?

A private company has no single official share price. AXEVIL's consensus estimate is $215.73 per share as of 10 November 2026.

What is MatX's valuation (net worth)?

AXEVIL does not have a verified valuation for MatX at the moment; it appears here once a priced round is on record.

When will MatX IPO?

No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.

Is MatX publicly traded?

No. MatX is a private company and its shares are not listed on any public exchange.

Does MatX have a stock symbol?

No. MatX has no ticker symbol because its shares are not listed on any exchange; a symbol is assigned only at an IPO or direct listing.

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Risk disclosure

Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.

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