DayOne is gearing up for a major milestone—the company's eyeing a valuation that could reach as high as $20 billion for its upcoming US initial public offering, according to sources in the know. That's a pretty impressive jump from where the company sat in its most recent funding rounds. The move signals strong confidence from the team about the business fundamentals and market opportunity. If the IPO hits those numbers, it'd mark a significant moment for the space, showing how investor appetite for certain players in this sector remains robust even amid market volatility. The valuation bump from previous rounds to a potential $20B IPO price tag reflects how quickly perceptions can shift when a company reaches that scale and proves out its business model.