AI
OpenAI Plans to End Its Model Deal With SpaceX-Owned Cursor
OpenAI plans to end bundled model access in Cursor after SpaceX’s $60 billion takeover. Cursor says OpenAI is 5% of traffic, but the platform bargain is over.
SpaceX
AI
Musk's Midterm Money Now Comes With a Frontier AI Lab Attached
Axios reports Musk is reviving America PAC for a big GOP turnout push. The political press is covering the money. The tech story is what he owns now that he didn't in 2024 — and who regulates it.
Technology
SpaceX Prices the Largest IPO Ever. The Filing Tells a Harder Story.
SpaceX priced its IPO at $135 a share Thursday, a roughly $1.77 trillion valuation and the largest stock-market debut in history. It trades Friday as SPCX — the first of the season's three mega-offerings to actually cross the line. The public S-1 reveals a lopsided business: one profitable utility funding a pile of expensive ambitions.
AI
OpenAI Files for Its IPO, and Markets Face a Stress Test
OpenAI has confidentially filed for a U.S. IPO, following Anthropic and SpaceX toward the public markets. With a debut possibly as early as September at up to a $1 trillion valuation, the real test is whether the market can absorb three of the largest offerings ever in a matter of months.
AI
Anthropic Books Musk's Colossus 1 While the Altman Trial Plays
Anthropic took 300 megawatts and 220,000 GPUs at SpaceX's Memphis data center on the same day Musk testified against Sam Altman. Compute, not ideology, is now setting deal terms at the top of the AI stack.