Open

Golf tourney tomorrow

Choking.

US Bank Fees

More than 1,100 University of California math and science professors are urging UC regents to reinstate college-entrance exams, saying that unprepared students are lowering academic standards and draining teaching resources.
Today, more than 90% of schools don’t mandate the exams, Feder said.

Recommendations:

Markets:

Huge correction today. Tech down 5%+ and S&P500 2.6%.

The losses intensified after a robust jobs report raised new worries that the Federal Reserve may need to raise interest rates later this year to fight inflation.

S&P 500 still up 27% and tech 40-60% YoY.

Huge IPOs coming:

Cash. Think about your cash investments.

In May, Anthropic raised $65 billion in new funding from investors including Greenoaks, Dragoneer, Altimeter Capital and Sequoia Capital, in a round that valued the company at $965 billion. At the same time, the company said its revenue run-rate had surpassed $47 billion, up from $9 billion at the end of 2025

LLM usage

Going public ~June12. Next Friday!?
$75b raise at $1.75T valuation.
- Float is ~4-5% of total shares
- $10-18b must be purchased by index funds.
- More coming out in next 6 months. Employee lockups. Cap table investors want liquidity.
Great detail here from Alexandra

IPO Education

Valuation
Over-valued? Valuation is highly relative to time!!!??

AI Opportunity

SpaceX is becoming an AI infrastructure play!!

Another Rental of Compute from Google to SpaceX. Anthropic and Google are now paying @SpaceX a combined $2.17 billon per month for compute capacity. That's a revenue run rate of $26 billion per year. BIG MONEY.

Jamie Dimon Interview of Elon.

DataCenters in Space

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