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The Marked Chart Wire · Business
SpaceX
Alphabet reaffirmed its support for SpaceX following Donald Harrison's resignation from the board. The company holds a $74 billion stake and pays up to $920 million monthly for AI computing capacity.
Part of a series: SpaceX expands AI and wireless operations
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Deals
Alphabet has purchased the Wyoming data center location from Crusoe. The deal expands the company's infrastructure footprint in the region.
Qualcomm
Alphabet acquired a stake in Qualcomm during the third quarter as the chipmaker pursues $15 billion in data center revenue by 2029. Amazon secured rights to buy up to $60 billion in Qualcomm AI chips.
SpaceX
Reportedly, AT&T and T-Mobile might terminate service agreements with Boost Mobile if SpaceX completes its acquisition, potentially blocking Elon Musk's wireless expansion plans.
On Semiconductor
On Semiconductor halted its planned $2 billion silicon carbide project in the Czech Republic due to changing market conditions. Existing operations in Rožnov and Brno will continue serving automotive and AI data-center clients.
OpenAI Funding
The AI firm has reportedly secured $11 billion in fresh capital at a $1.25 trillion valuation. This marks the initial tranche of a larger financing deal that may reach $20 billion in coming weeks.
HotAnthropic IPO
The AI firm is reportedly targeting a valuation between $1.25T and $1.75T. Third quarter earnings grew by half to $17B, and the company plans $900B in future infrastructure costs.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.