Morning Scan

Google I/O's afterglow is still warm, but Thursday's energy is in the deals and the geopolitics underneath them. SpaceX wants $1.75 trillion, Nvidia is playing both sides of a trade war in real time, and SoftBank insiders are alarmed about their boss's OpenAI devotion.

$1.75T — The valuation SpaceX is reportedly seeking from investors, making it one of the most ambitious private-company asks in history. (The Leverage)

Connected World

China Banned Nvidia's RTX 5090D V2 While Jensen Huang Was in the Room

Beijing moved to block a consumer-grade Nvidia chip during the Trump-Huang China visit — a pointed signal that the tech trade war doesn't pause for diplomatic optics. (Financial Times)

Alibaba's T-Head Unveils Zhenwu M890 AI Chip

Purpose-built for agentic tasks with annual upgrade commits — Alibaba is building its own silicon roadmap rather than waiting on the Nvidia export situation to resolve. (Bloomberg)

Nvidia's $90B Dealmaking Push Was Run Out of Biz Dev, Not Its VC Arm

145+ companies, $90B deployed — and NVentures barely touched it, which says something about how strategically Nvidia is treating every investment as a distribution play. (Financial Times)

Connected World

SpaceX Is Asking for $1.75 Trillion

For context, that would make it more valuable than every publicly traded company except Apple and Nvidia — from a company that still hasn't IPO'd. (The Leverage)

SoftBank Insiders Are Spooked by Son's $60B+ OpenAI Concentration

When your own people are alarmed at the single-name exposure, that's a risk disclosure hiding in plain sight. (Bloomberg)

SpaceX Plans to Acquire Cursor 30 Days After Its IPO Debut

The coding assistant acquisition clock is already ticking — expected to start June 12, which means this could close before most IPO lockups even begin. (Bloomberg)

“Sources detail growing concerns inside SoftBank over Masayoshi Son's $60B+ bet on OpenAI, which some fear concentrates too much capital into a single company.” — Bloomberg

Connected World

The Take It Down Act Is Now Law

Platforms now have 48 hours to remove nonconsensual intimate images or face fines — the first major federal content-removal mandate with real teeth on a tight timeline. (The Verge)

FBI Wants Real-Time Nationwide Access to License Plate Cameras

A procurement notice for blanket national surveillance infrastructure, framed as a vendor contract — the kind of thing that tends to become permanent once it's stood up. (Ars Technica)

Airbnb's Answer to AI Disruption: More Stuff to Book

Brian Chesky's hedge against AI disintermediation is groceries, car rentals, and luggage storage — doubling down on the interface rather than surrendering it. (Sources News)

Connected World

Plex Is Tripling Its Lifetime Pass to $750

Charging people $750 to stream their own video files from their own hard drives is a pricing strategy that deserves some kind of award for confidence. (The Verge)