Evening Scan

SpaceX dominated the day — the S-1 dropped and the numbers inside exceeded expectations. Anthropic disclosed it's about to turn its first-ever profit, and Meta's headcount is taking a hit that makes its AI spending look even more aggressive.

$1.25B/month — What Anthropic is paying SpaceX for compute under their deal, which runs through May 2029 and is apparently expanding. (Axios)

SpaceX Opens Its Books — and Elon Is the Biggest Risk Factor

The S-1 gives Musk 85.1% voting control, which the filing itself flags as a concentration-of-power risk — a rare moment of corporate self-awareness. (The Verge)

Starlink Hit 10.3M Subscribers in Q1, Up 105% Year Over Year

The connectivity business pulled in $11.3B in 2025, which explains why the rest of Wall Street has been flying blind on this company for 24 years. (PCMag)

Meta Cuts 8,000 to Help Fund Its AI Buildout

The internal memo framing is "offset the other investments we're making" — a direct statement of 2026 tech strategy. (The Verge)