Elon Musk’s SpaceX (SPCX) and the Pentagon are discussing a deal for SpaceX to provide billions of dollars of computing capacity to assist in powering the agency’s AI models, reported the WSJ on Friday afternoon.
SpaceX has inked agreements along similar lines with Anthropic and Google in recent months, the report noted.
The news provided a momentary jolt to SPCX’s roughed-up shares, but they’ve mostly given up that gain, still down 4.4% on the day at $125.36.
Trump Media and Technology Group (TMTG) yesterday raised eyebrows with its Truth API announcement, in which businesses — for a price — would get faster access to posts from the highest-ranking Truth Social accounts.
That would include the account of Donald Trump himself, which would be quite valuable given the president’s frequent market-moving posts.
The FT this afternoon reported that Trump Media has been pitching potential clients a price of as much as $100,000 per month for such access.
“People will pay because they have to,” an executive at a hedge fund told the FT. “If you’re behind on that news, you’ll get crushed.”
Anthropic is pursuing a deal to rent computing power from Meta (META) AI data centers, which could be valued at up to $10 billion over two years, the NYT reports.
According to the story, Anthropic first proposed the deal in June, and Meta is currently considering it.
META shares are off session lows, now down 2.9%, and data center names — sharply lower earlier in the day — are narrowing losses, with Keel Infrastructure (KEEL) and Hut 8 (HUT) moving into the green.
Down about 2.5% at its worst levels Friday, the Nasdaq has trimmed that drop to just 1% at the noon hour on the East Coast.
Both Micron and SanDisk have reversed sizable declines, each now more than 3% higher for the day.
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