American billionaire Brian Venturo’s CoreWeave bonds slide as AI debt fears mount
Yields on bonds from Brian Venturo’s CoreWeave climbed to about 15% this week as investors questioned the AI cloud firm’s roughly $50 billion debt.
AI Infrastructure
Morningstar warns SpaceX $1.75 trillion valuation prices in $1.3 trillion of unproven AI bets
SpaceX prices its IPO on June 11 at $1.75 trillion, but Morningstar warns that $1.3 trillion of that valuation rests entirely on orbital AI data centers with no commercial revenue.
Elon Musk unveils AI1 satellite design to power SpaceX's orbital data centers
Elon Musk unveiled SpaceX's AI1 orbital data center satellite on June 8, revealing a 70-meter wingspan design with 150 kW of AI compute capacity ahead of the company's IPO.
Google agrees to pay Elon Musk's SpaceX $920 million a month in $30 billion cloud computing deal
Google has agreed to pay Elon Musk's SpaceX $920 million a month for computing power, totalling roughly $30 billion under a deal running through June 2029.