Public figure dir. Focused on AI, SpaceX, and tech ventures.
SpaceX has floated on Nasdaq under the ticker SPCX, raising about $75 billion at $135 a share and debuting with a market value above $2 trillion. The newly public group combines SpaceX's rocket and Starlink businesses with xAI and X. Investors have driven strong demand despite losses and questions about unproven projects such as orbital data centres and Mars plans.
SpaceX has filed to sell 555.6 million shares at $135 each, aiming to raise about $75 billion and value the company near $1.75–1.77 trillion. Elon Musk will retain roughly 82% voting control. The company has allocated unusually large tranches to retail buyers, employees and direct-share participants, and disclosed AI compute deals that affect revenue assumptions.
Snap has unveiled Specs, its consumer AR glasses, priced at $2,195 with a $200 refundable deposit. The device aims to merge AI with real-world computing, featuring EyeConnect for shared experiences and on-device AI. Market reaction remains cautious as investors scrutinize affordability and the competitive hardware landscape.
Global markets hold steady as US Federal Reserve Chair Kevin Warsh signals a cautious pause, with oil prices stabilising after recent falls. UK inflation data supports expectations of a hold on rates, while energy assets rally on easing supply concerns.
Reflection AI has inked a multiyear deal with SpaceX to access Nvidia GB300 AI chips and related hardware at SpaceX’s Colossus 2 data center in Memphis. The pact, valued at up to $6.3 billion if extended through 2029, begins July 2026 and can be terminated by either side with 90 days’ notice after three months. The arrangement positions Reflection among providers of frontier AI infrastructure as it pursues open-weight models.
The articles show a shift toward loop-based agentic AI in coding, where loops enable agents to write and refine code autonomously, with humans guiding high-level goals. This approach increases automation and reduces manual prompting, signaling a new era for software development.
Meta has announced a new line of smart glasses with AI-assisted features, priced at $299 and developed with EssilorLuxottica. The glasses lack Ray-Ban/Oakley branding, and Meta is positioning them as fashion-forward wearables. Competitors like Snap and Google are racing to release their own AI eyewear.
Santander targets over €1bn in AI-led value by 2028; Higgsfield eyes $1bn run rate as AI media tools expand; Databricks reports rising costs amid rapid AI-driven revenue growth.
Thinking Machines has released Inkling, a foundation model designed for customization by enterprises. It draws on large-scale pretraining but is optimized to run with lower compute, offering a tunable balance of cost and performance and open-weight accessibility for fine-tuning on private data.
Anthropic has released Claude Opus 5, the latest AI model touted as the best-performing and most cost-effective for knowledge work and coding. It undercuts previous models on price, at $5 per million input tokens and $25 per million output tokens, while acknowledging it is not the top option for high-risk, dual-use capabilities. The rollout follows a series of recent AI model updates and industry pressure to balance performance with cost.
A wave of hiring practices is shifting as AI-enabled tools face increased verification through in-person steps. Surveys and industry reports show employers are embedding hands-on tests and interviews to counter AI-driven fraud, while some firms still allow AI-assisted elements.
A wave of integrated AI platforms is consolidating AI workflows, reducing tool-sprawl and enabling teams to manage AI tasks in a single environment. The shift follows multiple reports showing adoption of Claude Code, Codex, and related automation tools among developers and businesses.
SpaceX has entered a new phase of lockup expirations, widening the pool of shares eligible for trading. Investors face more potential selling as early insiders convert paper gains into real profits, while stock volatility persists amid ongoing AI and capital expenditure plans.
A wave of AI updates from major players has accelerated the use of AI agents across industries. OpenAI, Google, Meta and others have released new models and tools, while companies test governance policies to curb overreliance on AI. The changing landscape is driving demands for new skills and tighter guardrails.
OpenAI has announced it is ending Cursor’s access to its models after SpaceX’s acquisition of Cursor, citing concerns over compliance with terms of service. The move follows long-running tensions between Elon Musk and OpenAI’s leadership, with a Nov. 12 shutdown window proposed for Cursor’s use of OpenAI technology. Anthropic says it will increase compute for Claude models in Cursor as a response to the change.