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The Wire

The last 48 hours of the machine economy, straight from the database: events reconstructed, documents ingested, earnings ahead. Updated continuously; no editorializing — that’s what the issues are for.

  • SpaceX IPO — largest in history

    SpaceX lists at $135/share ($1.77T valuation, ~$75B raised) and crosses $2T market cap on debut, taking the orbital data center thesis public.

    FUNDING · Jun 12, 2026 · SpaceX · CNBC ↗ · 1 claim

  • Google leases Colossus 2 capacity

    Google agrees to ~$920M/month (≈$30B through June 2029) for ~110,000 GPUs at Colossus 2, per SpaceX regulatory filing.

    DEAL · Jun 5, 2026 · Google, xAI, Colossus · CNBC ↗ · 1 claim

  • U.S. AI buildout passes 40 GW under construction

    Independent trackers estimate U.S. AI data center capacity in active construction exceeds 40 GW, straining turbine, transformer, and interconnection supply.

    CAPACITY · May 20, 2026 · ERCOT · SemiAnalysis ↗ · 1 claim

  • Anthropic leases all of Colossus 1

    Anthropic takes exclusive capacity at Colossus 1 for inference at $1.25B/month for three years, disclosed via SpaceX IPO filings.

    DEAL · May 6, 2026 · Anthropic, xAI, Colossus · Data Center Dynamics ↗ · 1 claim

  • SpaceX files for one-million-satellite Orbital Data Center system

    FCC accepts SpaceX's application for up to 1,000,000 satellites at 500–2,000 km, the regulatory foundation of the orbital compute program.

    POLICY · Feb 20, 2026 · SpaceX · FCC ↗ · 1 claim

  • SpaceX–xAI merger closes

    All-stock merger folds xAI, Grok, and X into SpaceX at a combined $1.25T valuation — the largest private merger ever, with orbital data centers as the stated rationale.

    DEAL · Feb 2, 2026 · SpaceX, xAI · CNBC ↗ · 1 claim

  • HBM4 development completed

    SK hynix completes HBM4 development with a 2,048-bit interface, opening the next accelerator memory generation.

    LAUNCH · Sep 12, 2025 · SK hynix, High-Bandwidth Memory · SK hynix Newsroom ↗ · 1 claim

  • Stargate program announced

    OpenAI, SoftBank, Oracle and partners announce the Stargate program with up to $500B of planned AI infrastructure investment, anchored at Abilene, Texas.

    FUNDING · Jan 21, 2025 · OpenAI, Stargate Abilene · The Information ↗ · 1 claim

  • Three Mile Island restart deal signed

    Constellation and Microsoft sign a 20-year, ~835 MW PPA to restart TMI Unit 1 as the Crane Clean Energy Center — the template deal for nuclear-backed AI power.

    DEAL · Sep 20, 2024 · Constellation Energy, Microsoft, Three Mile Island Unit 1 · Reuters ↗ · 1 claim