Morning Scan

Nvidia just posted profits that would embarrass entire economies, SpaceX opened its books for the first time in 23 years, and Anthropic is about to turn its first operating profit while writing nine-figure monthly checks for compute. AI spending is no longer speculative — it's a line item.

$1.25B/month — What Anthropic is paying SpaceX for compute under their deal, running through May 2029 and expanding to include Colossus 2. (Axios)

Connected World

SpaceX files publicly for Nasdaq IPO under symbol SPCX

Musk retains 85.1% of voting power, which means "going public" here means letting everyone else watch, not weigh in. (Bloomberg)

SpaceX reports 2025 revenue of $18.7B, up 33% YoY — but also a $4.9B loss

Swung from a $791M profit in 2024, with capex nearly doubling to $20.7B — growth-at-all-costs is apparently also a space strategy. (New York Times)

OpenAI is about to file for an IPO — and prediction markets think Anthropic just lost the race

The AI public-markets sprint is entering its final lap, and SpaceX just set the pace. (The Next Web)

$26.6B** — Samsung's total bonus pool for 78,000 chip employees (~$340K each), to be distributed in early 2027 as part of a labor union deal. That's the AI boom trickling down — slowly. *(Bloomberg)

Connected World

Manus co-founders in talks to raise $1B+ to buy back the company after Beijing blocked Meta's $2B acquisition

Beijing ordered Meta to unwind the deal, and now the founders are scrambling to reassemble what was briefly sold — a new category of M&A risk just got a name. (Bloomberg)

Anthropic and OpenAI take their beef to the midterm elections

Both companies are now funding opposing super PACs, which is an extremely normal thing for AI safety-focused labs to do. (The Verge)

SpaceX set aside $530M for potential litigation losses, including Grok's "Spicy" mode

The rocket company is legally exposed because of a chatbot's personality setting, which is a sentence that could only exist in 2026. (Wired)

Bluesky says the Kremlin is hacking accounts to spread propaganda — a novel tactic

Rather than building bot networks, Russia is apparently just hijacking real users' accounts for authenticity — effective, if deeply cynical. (New York Times)

Connected World

Tesla's Full Self-Driving lands in Lithuania — second EU country, more queued

FSD's European expansion is moving one small market at a time, while regulators in larger ones presumably watch closely. (The Next Web)

Airbnb adds hotels, car rentals, and luggage storage in a full travel platform pivot

The company that disrupted hotels is now selling them. (The Next Web)

SF Zoo gets an $8.5M city loan — with strings attached

The zoo must meet a list of requirements before most of the money lands, which is a more rigorous framework than some AI procurement deals this week. (SFist)