Castelion's $13 Billion Assembly Line
How a SpaceX-style bet on mass-producing hypersonic weapons pulled a $1 billion round from Wall Street and Silicon Valley at once.
Topic
Finance
The financial mechanics behind the AI buildout — capex, depreciation schedules, debt structures and the accounting that shapes reported earnings.
Anthropic's IPO Gambit
How the Claude maker's march toward a public listing is forcing Wall Street to price a company on revenue it hasn't earned yet.
Broadcom's Debt-Fueled AI Bet
How a chipmaker's move to raise tens of billions in fresh debt reveals that the AI buildout is quietly shifting from equity swagger to borrowed money.
Stripe's $7.5B OpenRouter Bet
How the payments giant's largest-ever acquisition signals that the money in AI is migrating from the models to the meter that counts them.
Wall Street Steals Tech's Crown
How New York overtook the Bay Area as the biggest US tech-talent market — and why finance, not AI, did the stealing.
AI's $100B Debt Habit
How Broadcom's plan to borrow more than $60 billion for AI chips turns compute buildout into a Wall Street asset class.
The DOJ Comes for Venture Capital
How a probe into two board seats could rewrite the rules for how VCs back competing AI startups.
SK Hynix Hands Back $28.6 Billion
How a record buyback from the world's key AI-memory maker became a referendum on the AI spending boom.
The SEC's Quiet Green Light
How a technical SEC ruling on data-center bonds removed a brake on AI infrastructure financing—and why a footnote about "financial assets" carries billions in consequences.
Stripe Buys the Switchboard
How Stripe's $7 billion purchase of OpenRouter turns the messy business of choosing an AI model into payments infrastructure—and a new kind of toll booth.