Nebius: A Transient Bloom

They spoke last year, these bright young men and women at Nebius, of a revenue run rate of $1.1 billion by the close of 2025. A bold figure, perhaps, but one they have, it seems, managed to surpass. $1.25 billion, they report. A triumph, certainly. Though one can’t help but wonder if such numbers truly capture the weight of things, the quiet disappointments that inevitably accumulate.








