An initial public offering of Elon Musk’s rocket and satellite company would most likely be a generational wealth event and one of the largest offerings ever.
Category: Data Centers
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Elon Musk’s SpaceX Files to Go Public, Setting Stage for Huge I.P.O.
The New York Times – Business: -
Local Opposition Is Slowing A.I. Data Centers. Wall Street Has Noticed.
The New York Times – Business:Tech companies are running into resistance from neighbors and may not be able to build at the pace they promised investors.
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U.S. Tech Giants Flocked to the Persian Gulf. Now They Are Targets.
The New York Times – Business:Amazon, Google and others struck deals in the Persian Gulf to foot the bill for A.I. development. Iran has now threatened attacks against the companies’ infrastructure in the region.
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The Former Coal Miner in the Middle of the A.I. Data Center Boom
The New York Times – Business:Josh Payne, the chief executive of Nscale, raised $2 billion from investors. Sheryl Sandberg, the former Facebook executive, is joining his board.
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Ford Will Make a Play for a Different Battery Market
The New York Times – Business:The company, long focused on cars and trucks, plans to begin manufacturing large batteries used by utilities, data centers, other businesses and homeowners.
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Microsoft Continues to Spend Big on A.I. While Profit Jumps 60 Percent
The company said on Wednesday that revenue in the most recent quarter was $81.3 billion, but its share price dropped more than 5 percent in after-hours trading.
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Why the Power May Not Go Out Until After the Storm Has Passed
The steady accumulation of snow and freezing rain and a rise in demand for electricity can cause problems long after the sky clears, energy experts said.
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Trump and States Aim to Stop A.I. From Inflating Energy Bills
Demand from centers that power artificial intelligence have driven up electricity bills, frustrating consumers.
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State and Federal Lawmakers Want Data Centers to Pay More for Energy
Many proposals have been introduced, but there is little consensus among governors, Congress members and tech executives about exactly how much the companies behind data centers should pay for electricity.