StocksMedium•5 October 2026•
1 min read
Flex Secures $2B Investment for Axiom Segment Ahead of 2027 Spin-off
Key Facts
1Flex announced the sale of $2.0 billion in convertible preferred stock of its Axiom segment to investors led by General Catalyst and Koch Equity Development.
2The $2.0 billion investment is based on an initial enterprise value for Axiom of $37.5 billion.
3Flex intends to separate Axiom into an independent, publicly traded company in the first quarter of calendar 2027.
Flex announced the sale of $2.0 billion in convertible preferred stock of its Axiom segment to investors led by General Catalyst and Koch Equity Development. PR Newswire reported that the investment is based on an initial enterprise value for Axiom of $37.5 billion.
Flex intends to separate Axiom into an independent, publicly traded company in the first quarter of calendar 2027 to capitalize on growing AI infrastructure demand. The strategic investment is designed to position the cloud and power infrastructure unit for operation as a standalone entity.