SpaceX S-1 Reveals Anthropic Is Paying $1.25 Billion a Month for AI Compute
SpaceX‘s IPO prospectus, filed with the SEC on May 20, contained a disclosure that answers one of the more pressing questions raised by the filing: how the company plans to offset the $2.469 billion quarterly operating loss generated by its AI segment. The answer, at least in part, is Anthropic. The S-1 details a compute […]
Hong Kong Targets London’s Gold Crown With July Clearing Launch and 11-Bank Board
Hong Kong is moving to crack London’s grip on global gold trading, with a government-backed clearing system set to go live by July and a board spanning eleven banks from New York to Beijing assembled to make it credible. The Financial Services and the Treasury Bureau confirmed preparatory work has crossed into its final stretch. […]
SpaceX Files For IPO, xAI Losses Loom Large
SpaceX dropped its S-1 prospectus with the SEC on May 20, targeting a Nasdaq listing under the ticker SPCX — and the numbers inside tell a story the company’s private backers have never had to reckon with publicly. Starlink is a machine. The AI bet attached to it is burning cash at a pace that […]
Is Carney’s 6-Month Graphite Mine Groundbreaking Claim False?
Ottawa is claiming speed on a graphite project whose real business problem was not simply permitting, but turning a long-developed mine into a financeable supply-chain asset. Prime Minister Mark Carney said Canada was breaking ground on Nouveau Monde Graphite’s Matawinie Mine six months after it was referred to the Major Projects Office, framing the Quebec […]
US Charges Raúl Castro With Murder, But It May Not Push To Trial
Washington has created a prosecution that may travel farther than the defendant, placing former Cuban President Raúl Castro under US murder charges three decades after the Brothers to the Rescue shootdown while leaving the central custody problem unresolved. Castro, 94, was indicted in federal court in Miami on charges tied to the February 24, 1996, […]
EU’s Mineral Stockpile Shows 2030 Targets Cannot Cover 2026 Risk
Europe is preparing to put critical minerals into storage because its industrial policy has a timing problem: the bloc’s diversification targets are aimed at 2030, while export restrictions, defense demand, semiconductor needs, and clean-tech supply pressures are already hitting now. That gap is the real story behind the EU’s emerging pilot reserve. Reuters reported that […]
BC Hydro Will Pay You To Reduce Energy Use
BC Hydro is turning customers into a grid-management tool, offering bill credits, rebates, free devices, and business incentives as British Columbia tries to slow the cost of meeting rising electricity demand. The new Power Smart 2.0 program puts more than $1 billion behind that strategy over three years. The utility says the plan is designed […]
Intuit Cuts 3,000 Jobs as CEO Bets the Company on AI Partnerships
Intuit (NASDAQ: INTU) is cutting roughly 3,000 employees — about 17% of its global workforce — as CEO Sasan Goodarzi bets that flattening the company’s structure and pouring resources into artificial intelligence will sharpen its edge faster than legacy headcount ever could. Shares fell nearly 4% in morning trading after the announcement. Goodarzi told staff […]
Murdoch Buys Into Vox’s Strongest Media Assets, NYT Reports
Vox Media’s reported sale to James Murdoch is a valuation test for digital publishing: the market may still want premium media brands, just not the whole platform that once bundled them together. The New York Times reported that the son of media scion Rupert Murdoch is buying New York magazine, Vox Media’s podcast network, and […]
Aya Gold Hits 890 g/t Silver Equivalent Over 51.5 Metres at Boumadine
Aya Gold & Silver (TSX: AYA) this morning delivered fresh infill results from its Boumadine polymetallic project in Morocco. The results extend the high-grade signature along the 5.4 kilometre Main Trend. The standout, hole BOU-DD25-745, returned 890 g/t silver equivalent over 51.5 metres, the company’s strongest intercept to date on a grade-thickness basis, sitting roughly […]