SpaceX is gearing up for one of the biggest private-market moves in years, as the company readies a secondary share sale that could value Elon Musk’s rocket-and-satellite empire at up to $800 billion, according to multiple reports. The deal (still being finalized) would let employees and early investors sell shares priced above $400 each, nearly doubling SpaceX’s valuation from just last summer and placing it well ahead of other closely held tech giants. If those numbers...
“It’s a bold strategy, Cotton. Let’s see if it pays off for ‘em.” Just when I thought the Costco vs Trump tariff battle couldn’t get any more dramatic… Costco CEO Ron Vachris essentially said: “hold my beer.” Because right after suing the White House for those emergency-powers tariffs last week… they immediately followed it up by adding Gina Raimondo (yes, Biden’s former Commerce Secretary) to their board of directors....
Meta Platforms, Inc. (Nasdaq: META) is making another push into AI-powered hardware, announcing plans to acquire AI wearables startup Limitless, the maker of a pendant-style device that records and transcribes real-world conversations. The deal, which Limitless confirmed in a blog post, underscores Meta’s ambition to embed artificial intelligence into everyday consumer devices and cement its role in what CEO Mark Zuckerberg has called “personal superintelligence.” Financial...
What’s above code red? Asking for my friend named Sam… It’s no secret that Dario Amodei genuinely believes the safest hands to build god-tier AI are his own. But honestly, based on this week’s leaks… he might not be wrong. Because in a plot twist absolutely no one betting on “AI consolidation” wanted to hear, Anthropic (read: OpenAI’s less unhinged cousin) is reportedly lining up one of the largest IPOs in history. And before you ask, no&helli...
What’s above code red? Asking for my friend named Sam… It’s no secret that Dario Amodei genuinely believes the safest hands to build god-tier AI are his own. But honestly, based on this week’s leaks… he might not be wrong. Because in a plot twist absolutely no one betting on “AI consolidation” wanted to hear, Anthropic (read: OpenAI’s less unhinged cousin) is reportedly lining up one of the largest IPOs in history. And before you ask, no&helli...
Well, I woke up sick this morning with my head pounding and my throat full of junk (I’ll spare you the rest of the gruesome details) but let’s just say I’m not exactly thriving. And yet, even in this tragic state, I can promise you I’m still having a better day than nepobaby David Ellison. And why’s that? Because Netflix rolled up to the Warner Bros. auction and outbid whatever Daddy Ellison was willing to spend on Harry Potter and Tony Soprano. They essen...
SpaceX is gearing up for one of the biggest private-market moves in years, as the company readies a secondary share sale that could value Elon Musk’s rocket-and-satellite empire at up to $800 billion, according to multiple reports. The deal (still being finalized) would let employees and early investors sell shares priced above $400 each, nearly doubling SpaceX’s valuation from just last summer and placing it well ahead of other closely held tech giants. If those numbers...
“It’s a bold strategy, Cotton. Let’s see if it pays off for ‘em.” Just when I thought the Costco vs Trump tariff battle couldn’t get any more dramatic… Costco CEO Ron Vachris essentially said: “hold my beer.” Because right after suing the White House for those emergency-powers tariffs last week… they immediately followed it up by adding Gina Raimondo (yes, Biden’s former Commerce Secretary) to their board of directors....
Meta Platforms, Inc. (Nasdaq: META) is making another push into AI-powered hardware, announcing plans to acquire AI wearables startup Limitless, the maker of a pendant-style device that records and transcribes real-world conversations. The deal, which Limitless confirmed in a blog post, underscores Meta’s ambition to embed artificial intelligence into everyday consumer devices and cement its role in what CEO Mark Zuckerberg has called “personal superintelligence.” Financial...
They can’t keep getting away with this… Future Commander and Chief Don Jr. & Co. (read: Eric Trump), just pulled off the funniest plot twist in SPAC history: they launched one in 2025… and it actually went up. (Source: Giphy) New America Acquisition I Corp., the patriotically named blank-check playground of the Trump boys, IPO’d at the traditional $10 and immediately drifted higher like everyone just collectively forgot what happened the las...
Hide the money y’all… there’s poor people ’round here… That’s essentially what Netflix co-founder Reed Hastings said after swaggering into the Warner Bros. auction, walking right past David “Daddy’s Money” Ellison, and throwing down a $72 billion bag of money just to own the rights to hear Tony Soprano mutter “whaddya gonna do?” and walk out with Game of Thrones tucked under his arm. And just like that, the biggest bid...
SoftBank Group Corp. is in advanced talks to acquire DigitalBridge Group Inc., a major investor in digital infrastructure, in a move that would give the Japanese conglomerate deeper exposure to the global data-center boom powering artificial intelligence.According to people familiar with the discussions, SoftBank is negotiating a deal that would take DigitalBridge private. Shares of DigitalBridge (NYSE: DBRG) jumped as much as 48% on the news and were last trading at $12.63, though deliberations...
Well, I woke up sick this morning with my head pounding and my throat full of junk (I’ll spare you the rest of the gruesome details) but let’s just say I’m not exactly thriving. And yet, even in this tragic state, I can promise you I’m still having a better day than nepobaby David Ellison. And why’s that? Because Netflix rolled up to the Warner Bros. auction and outbid whatever Daddy Ellison was willing to spend on Harry Potter and Tony Soprano. They essen...
They can’t keep getting away with this… Future Commander and Chief Don Jr. & Co. (read: Eric Trump), just pulled off the funniest plot twist in SPAC history: they launched one in 2025… and it actually went up. (Source: Giphy) New America Acquisition I Corp., the patriotically named blank-check playground of the Trump boys, IPO’d at the traditional $10 and immediately drifted higher like everyone just collectively forgot what happened the las...
“I’ll never financially recover from this…” - Zuck And just like that friends, the $70B metaverse w*t dream… the one Zuch has been LARPing since 2021… is getting the Ozempic treatment. According to Bloomberg’s “anonymous sources” (so, the interns who don’t realize snitches get stitches), Meta is considering up to 30% cuts to its metaverse budget next year. Horizon Worlds, Quest software, all the virtual real estate no one v...
Some thoughts and prayers, please, for the Facebook moms who post crockpot recipes with 14-paragraph life stories attached. Tough day for them… Zuck just announced he’s slicing Meta’s budget by 30%, and somewhere the algorithm let out a soft, panicked wheeze. And naturally, he paired that announcement with his favorite side quest: mortgaging everything that isn’t bolted to the floor (the farm, the house, and rumor has it, his own mother) so he can shovel...
Lumine Group Inc. has entered into a definitive agreement to acquire Synchronoss Technologies, Inc. (Nasdaq: SNCR) in a transaction that will complete Synchronoss’ multi-year transformation and mark Lumine’s first takeover of a publicly traded company. Under the terms of the agreement, Lumine, a subsidiary of Constellation Software and a global “buy-and-hold-forever” acquirer of communications and media software businesses, will purchase Synchronoss for $9.00 per share...
Amazon’s long-running partnership with the U.S. Postal Service may be heading toward a major turning point. After months of negotiations over a new delivery agreement (and an unexpected change in how USPS wants to work with its biggest customers) Amazon is now weighing whether to take its entire package business in-house. The two sides have been working to renew their contract before it expires in October 2026, but according to reports, the talks haven’t gone anywhere. What really...
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