AI infrastructure
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SpaceX Closes the Largest IPO in History: An Economic Look at What the Company Does, How It Got Here, and Whether USD 1.77 Trillion Is Justified
SpaceX raised USD 75 billion at a USD 1.77 trillion valuation in the largest IPO ever recorded. An economic look at the company’s three business segments, its meteoric rise, current revenues and losses, and a neutral assessment of the bull and bear cases for a 94 times revenue multiple. Continue reading
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Are Data Centers Raising Your Electric Bill? Two New Reports Say Different Things
Two new reports released within 24 hours of each other reach opposite conclusions on whether the AI data center boom is raising household electric bills. The disagreement is real, the data behind both is real, and the answer depends on questions that ratepayers, regulators, and Congress are only now beginning to ask out loud. Continue reading