SpaceX put 10 megawatts of solar power in space across 3000 gen1 Starlink satellites, then they put 100 megawatts in space with 7000 gen2. soon, they're doing 1000 megawatts with gen3. SpaceX is basically 10xing space solar every few years!

This week's megacap tech earnings suggest that the AI trade remains intact, according to Anshul Sehgal, global co-head of Fixed Income, Currency and Commodities in Goldman Sachs Global Banking & Markets:

META MAY BE THE MOST MISUNDERSTOOD MEGACAP. - Has been growing 33% on advertising. AI is accelerating the ad stack. And the street keeps selling it off. - Amazon, Google, Microsoft sell their compute. Meta uses it all in house. That's why the street gets nervous. - Daily active people ticked down 20M. Russia banned WhatsApp. Iran is at war. Without those Meta was up.

.@cerebras is expanding in Europe. We have plans for 200 megawatts of data center capacity, by the end of 2027. Norway. Finland. France. And we are pursuing more capacity across Europe. We work hard to meet customers where they are. The fastest AI in the world, delivered across the world. More coming soon.

Reflection is partnering with Shinsegae Group to build a 250-megawatt sovereign AI factory for the Republic of Korea. Open intelligence. Built on trust between allies. Owned by the nations that need it most. The future of sovereign AI. Read more in the @WSJ.

New York will ban construction of new data centres of more than 50 megawatts — a typical data centre is at least 100MW — for a period of one year, stopping new permit applications and pausing outstanding ones, said governor Kathy Hochul.

Most portfolios with AI exposure look the same right now. Heavy on the megacaps. Concentrated in semiconductor names that led the last cycle. Built around the assumption that compute is still the constraint. It isn't.

California just cemented our status as home to the strongest battery energy storage system in America with 21,000+ megawatts plugged into our power grid. We're powering the fourth-largest economy with clean energy that lasts long after the sun goes down.