The SpaceX S-1 reads like a space company prospectus on the surface, but the detail that changes the valuation math is a contingent compute deal with Anthropic worth up to $40 billion.
The SpaceX S-1 was supposed to be about rockets. Instead, it became the most revealing document in AI this year — exposing burn rates, compute deals, and infrastructure dependencies that nobody had pr
The AI industry's economic contradictions — sky-high compute costs, layoffs sold as "AI pivots," and a public-market window cracking open — all surfaced in the same news cycle, which is either a coinc