Evening Scan

Blue Origin's New Glenn explosion Thursday hit harder once the financial stakes surfaced: the rocket was days from launching 48 Amazon Kuiper satellites that Amazon had already paid Blue Origin $2.7B to deliver. The week exposed a widening gap in the space race.

105% — Lenovo's stock gain in May alone, its biggest monthly rally since 1999, after AI-related revenue helped absorb rising memory costs. (Bloomberg)

Blue Origin's $2.7B Problem

The New Glenn rocket that exploded Thursday was days away from launching 48 Amazon Kuiper satellites — satellites Amazon had already paid Blue Origin $2.7B to deliver. (Financial Times)

Dell's AI Server Revenue Up 757% YoY — Now Targeting $60B in FY2027

Dell beat estimates so badly ($43.84B actual vs. $35.43B expected) that DELL jumped 38%+ after hours — the laptop-and-storage company is now a hyperscaler infrastructure play. (CNBC)

SpaceX Trims Its IPO Target to "At Least $1.8T"

Down from a previous $2T+ ask — still the kind of lowered expectations that would make almost any other company weep. (Bloomberg)

Anthropic Won't Let You Use AI to Get a Job Building AI

Anthropic's hiring process bans AI assistance in interviews and includes a notably intense culture round — the company building the most capable AI assistants apparently wants to know if you can think. (Bloomberg)