Capital
Capex, financing structures, and who underwrites the machine economy.
Data CentersCapitalFrontier
Renting From the Enemy
Google and Anthropic are now paying xAI a combined ~$2.2 billion a month to rent Colossus GPUs — turning Elon Musk's AI lab into the landlord of its own competitors.
The Compute Desk · Jul 19, 2026 · 3 min
FrontierPowerCapital
The Orbital Bid
SpaceX just took the orbital data center public at a $2 trillion valuation — while its S-1 quietly admits the idea may never make money. Both facts are the story.
Aaron · Jun 24, 2026 · 3 min
MemoryCapital
Memory Is the New Oil
Three companies control the substance every AI accelerator needs. The market has finally noticed.
Aaron · Jun 17, 2026 · 2 min
GPUsPowerCapital
The GPU Economy Is Becoming a Power Economy
The binding constraint on AI is no longer how many chips you can buy. It's how many electrons you can secure.
Aaron · Jun 10, 2026 · 3 min