The “breakup” was fake news. Speaking from Taipei on Saturday, Nvidia CEO Jensen Huang forcefully denied reports that the chip giant’s relationship with OpenAI had soured. Calling the rumors “nonsense,” Huang confirmed that Nvidia is proceeding with what will likely be the “largest investment we’ve ever made.” 🗣️ SETTING THE RECORD STRAIGHT: 🦄 THE VALUATION...
The financial black box has been opened, and the numbers are staggering. According to sources familiar with the results, SpaceX generated approximately $8 billion in EBITDA on $15–$16 billion of revenue last year. This ~50% margin profile confirms that Elon Musk has successfully transitioned the company from R&D-heavy cash burner to a highly profitable utility...
The check isn’t in the mail just yet. According to the Wall Street Journal, Nvidia’s blockbuster plan to invest up to $100 billion in OpenAI has stalled. The deal, which was set to secure OpenAI’s compute dominance, is now being reconsidered after internal doubts at the chip giant surfaced regarding the startup’s business fundamentals. 📉...
The “Vice Discount” is clearing, and the path to Wall Street is opening. OnlyFans is reportedly in exclusive talks to sell a majority stake (~60%) to San Francisco-based investment firm Architect Capital. The deal values the platform at approximately $5.5 billion (including debt), or roughly $3.5 billion excluding debt. 💰 THE DEAL METRICS: 🏦 THE...
The biggest energy buyout of the decade is getting a sovereign backstop. Following its preliminary agreement to acquire Lukoil’s international assets, The Carlyle Group (CG) has reportedly opened exploratory talks with major UAE investors to syndicate the deal. Sources indicate that Mubadala, XRG, and IHC are being courted to take stakes in the portfolio, which...
Wall Street is beginning to price in the “Super-App” of corporations. Tesla (TSLA) shares jumped nearly 5% on Friday following reports that SpaceX is exploring merger discussions with xAI—and potentially even Tesla itself. The market reaction suggests investors are clamoring for a unified structure to align Elon Musk’s fragmented attention and resources. 🧩 THE CONSOLIDATION...