Former banker Satyajit Das warns that current stock market overvaluation, driven by AI and space ventures like SpaceX, mirrors the dot.com bubble, which caused $5-6 trillion in losses and an 80% Nasda…
Elon Musk quietly acquired APR Energy, a medium-sized fossil fuel energy company that provides mobile gas-powered turbines, in May 2026, according to FTC documents and a report by Electrek. The acquis…
SpaceX unveiled its AI1 orbital data center satellite design, featuring a 70-meter wingspan and 150 kW compute payload, aiming to bypass terrestrial infrastructure constraints. The satellite, designed…
Elon Musk quietly acquired APR Energy, a mobile gas and diesel turbine company, in May for an estimated $1 billion, according to an FTC filing. The purchase is expected to power AI data centers for Mu…
Elon Musk quietly acquired APR Energy, a Jacksonville-based mobile gas and diesel turbine company with over 1 GW of generation capacity, for over $1 billion, according to an FTC early termination noti…
Wall Street banks are turning to US leveraged loans to finance the AI buildout, with QTS Realty Trust LLC, a Blackstone Inc. unit, tripling a proposed loan to $3.25 billion and scrapping a $1 billion …
Reflection AI signed an AI compute deal worth more than $1bn with Amsterdam-based cloud provider Nebius, securing access to Nvidia's newest GB300 chips through 2029. The agreement marks Reflection's s…
Morgan Stanley reported record net income of $5.58 billion, or $3.46 per share, and record revenue of $21.35 billion in the second quarter, driven by an AI-fueled surge in trading and dealmaking. The …
The AI frontier has expanded from a two-horse race between Anthropic and OpenAI to a five-player contest in the US alone, with SpaceX's Grok 4.5, Meta's Muse Spark 1.1, and Alphabet's upcoming model j…
SpaceX reportedly showed a prototype of a slim, AI-driven smartphone to select investors, according to a July 1, 2026 Wall Street Journal report, but Elon Musk denied the report as 'utterly false.' Th…
SK Hynix's American depositary receipts surged roughly 13% on their Nasdaq debut on July 10, 2026, raising $26.5 billion in the second-largest US share sale in history. The South Korean chipmaker, whi…
Anthropic confidentially filed for an IPO on 1 June, with Polymarket putting the chance of a 2026 listing at 65%, and investor Gavin Baker estimating on the All-In podcast that Anthropic would trade a…
SpaceXAI, the AI division of SpaceX, operates 59 unpermitted natural gas turbines near Memphis, Tennessee, disproportionately impacting Black communities, according to a Reuters report. The turbines p…
SpaceX filed an application with the FCC for its 'Gen 3' Starlink constellation, which would span up to 100,000 satellites and offer multi-gigabit broadband service, aiming to provide the communicatio…
Wall Street's biggest banks reported collective profits of $49 billion in Q2, up 39% year over year, driven by an AI boom that fueled record equity trading and underwriting fees. Goldman Sachs CEO Dav…
Goldman Sachs CEO David Solomon said Wall Street is in the middle of an AI capex 'super cycle' that is driving elevated levels of strategic activity, financing, and capital formation across markets, a…
S&P Global downgraded Oracle's credit rating from BBB to BBB-, one notch above junk, citing massive AI infrastructure investments that are driving debt and capital requirements. S&P forecasts a free c…
Billionaire venture capitalist Chamath Palihapitiya said Tuesday on CNBC that CFOs may face surprise operating expenses and earnings misses as businesses encourage employees to consume more AI, a prac…
Elon Musk's SpaceX projects a $28.5 trillion total addressable market for AI enterprise applications, nearly 70% of U.S. Q1 2026 nominal GDP of $32 trillion, but evidence suggests the AI bubble is def…
Reflection AI, a U.S. startup developing open-weight AI models, signed a $1 billion compute deal with European AI infrastructure company Nebius, formerly the international arm of Yandex, to access Nvi…