THE LARGEST INVESTOR ON EARTH JUST SILENCED THE AI BUBBLE CROWD: BlackRock CEO Larry Fink controls $14 trillion in assets.
Every Fortune 500 CEO reads his letter before breakfast. He just said this in his latest BBC interview: 1. “This is not a bubble” Fink talks directly to hyperscaler CEOs. Their message: demand is outpacing supply. Not slowing. Accelerating. They can’t build fast enough.
2. One data centre = $50 billion A single 1GW Al data centre costs over $50 billion. One tech CEO told Fink he needs 23 gigawatts by 2030. That’s over $1 trillion. From one company.
3. China is building 100GW of nuclear. Right now. That’s 30+ nuclear power stations under construction. While Europe debates planning permission, China pours concrete.
4. The real bottleneck isn’t chips. It’s power. “The biggest issue that limits the West is the cost of power.” His words. Not mine.
5. Al will create a blue-collar boom Fewer analysts. More technicians (e.g. electricians, welders, plumbers). The people who build and maintain Al infrastructure will be in massive demand.
6. Energy pragmatism, not ideology Oil. Gas. Solar. Nuclear. Wind. Use everything. Cheap power = economic resilience. Expensive power = recession.
The largest investor on Earth just told you exactly where the money is going. Al infrastructure demand is real and accelerating. Only constrained by power.
SpaceX is preparing to launch the largest IPO of all time — with expectations that it could raise more than all U.S. listings in 2024 and 2025 combined, Axios Pro Rata author Dan Primack writes.
Why it matters:Wall Street is understandably giddy. But what it’s about to pitch investors is unprecedented, and could impact how (or if) other AI giants go public later this year. Here are four ways this IPO is different from all others:
1. Size: SpaceX reportedly wants to raise around $75 billion at a $1.75 trillion valuation.
For context, the entire U.S. IPO market only raised more money in two of the past 10 years.
It’ll also seek to become the first company to ever go public at a valuation of $1 trillion or more, with hopes of immediately being worth more than Walmart, Exxon Mobil or Meta.
Finally, Musk is said to be reservingup to 30% of the offering for individual investors — three times the norm.
2. Big unknowns: SpaceX has been around for decades, but the version going public is a newly formed conglomerate.
Elon Musk recentlymerged xAI into SpaceX, after having previously merged X into xAI (whose 11 cofounders have all left).
No one really knows if the combinations will work, and it’s too early for there to be much evidence in either direction. Let alone if SpaceX’s plan for 1 million orbital data centers — which seems to be Musk’s grand vision — is viable.
3. X factor: Elon Musk himself. And not just the part about him seeking to simultaneously run two of the world’s most valuable companies.
Musk hasn’t been part of an IPO since Tesla in 2010. At the time, he was fairly quiet on social media. In fact, his first-ever tweet was just a couple of weeks earlier.
Today’s Musk maystruggle to comply with rules about what company insiders can and can’t say once the IPO process begins.
On the other hand, the current Securities & Exchange Commission is lax when it comes to enforcement, and Musk is (usually) friendly with the boss’s boss.
4. Red ink: We don’t yet know SpaceX’s overall financials, and its initial IPO filing is likely to be confidential.
What we’re fairly certain of, however, is that its xAI unit is hemorrhaging money — just like other large foundation models that are scaling by spending on GPUs.
Investors may not care, believing all things AI are up and to the right. But this would be the first major market test.Share this story … Get Axios Pro Rata, Primack’s daily dealmaker newsletter.
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Bad news, war profiteers: efforts are underway in the US to ban public officials from placing Polymarket and Kalshi bets based on inside information —including ghoulish wagers on the death and destruction they know will follow military action.
Proposed to the US senate on Thursday, the new legislation would effectively ban any public official from placing wagers on prediction markets using nonpublic information. The individuals covered include employees at government agencies, regulatory workers, congressional staffers — and, of course, lawmakers and the president.
Should the bill pass, penalty fines would start off at $500, but could be as much as double the profit made on successful bets.
As Indiana senator Todd Young told the New York Times, prediction markets “create incentives for elected officials or other well-placed public individuals to change their behavior.”Young is a Republican sponsor of the bill, which he hopes will “cut down on any such incentives or temptations that those who hold positions of public trust might harbor.”
As these gambling platforms have exploded in popularity over the past few months, incidents like the one Young describes have become the norm. Both the US attack on Venezuela and the ongoing US war on Iran have had their own prediction market scandals, strongly suggesting that people with advanced knowledge of the deadly campaigns are cashing in.
Don’t be fooled into thinking lawmakers are experiencing a rare bout of moral clarity, however. For the bill’s sponsors, it’s less about the ethics of war gambling and more about practicing good operational security.
“It’s an operational risk,” Michigan senator Elissa Slotkin told the NYT. A former CIA officer and renowned national security hawk, Slotkin is the key Democrat-party sponsor of the bill. “If you’re just hanging out on one of these sites, and suddenly you see a bunch of people placing large bets on military action, that is a tell that we’re about to take military action,” she said.
While it remains to be seen how popular the bipartisan bill is in the senate, it would be a rare show of self-restraint for the nation’s elected officials, who have yet to address a long-running gap in regulation on similar stock market profiteering.
Legendary actor Anthony Hopkins surprises hotel staff with a spontaneous piano performance in an empty lobby—pure magic in the moment! 🎹✨ pic.twitter.com/5zEZK5Mk4M
— 🎶𝗖𝗹𝗮𝘀𝘀𝗶𝗰𝗮𝗹 𝗠𝗲𝗹𝗼𝗱𝗶𝗲𝘀 ✨ (@Old_But_Gold50s) March 29, 2026
Dear Donald Trump, It doesn’t take a military genius to know you are sending our sons & daughters to near certain death in Iran. Don’t double down on an illegal war you never should have started. Cut your losses & get out now. Thank you for your attention to this matter.
Absolute humiliation for the Pentagon. A former 82nd Airborne Commander admits that sending 7,000 troops to Iran is a complete suicide mission. He reveals they canceled a similar drop in 1979 because they knew they would be completely massacred by Iranian forces. pic.twitter.com/y0xWZf7u5R
Scientists have developed a groundbreaking nanoparticle therapy that could revolutionize Alzheimer’s treatment by turning the blood-brain barrier into an active waste-removal system.
Traditionally, the blood-brain barrier has acted as a protective wall that also blocks many drugs from reaching the brain. Now, researchers from the Institute for Bioengineering of Catalonia and Sichuan University have created specially coated nanoparticles that work with this barrier instead of against it.
The nanoparticles, coated with the molecule angiopep-2, target the LRP1 receptor on brain blood vessels. This triggers the rapid export of toxic beta-amyloid proteins — the hallmark of Alzheimer’s — out of the brain and into the bloodstream. In preclinical trials, a single injection reduced these harmful proteins by 45% within just two hours.
Beyond clearing toxins, the treatment produced striking behavioral improvements. Treated mice showed significant gains in memory and learning, performing similarly to healthy animals. They also regained natural behaviors such as nest-building, indicating a meaningful recovery in cognitive function.
Unlike current antibody-based therapies that aim to break down existing plaques and carry risks of brain swelling, this innovative approach restores the brain’s natural “plumbing” system by enhancing the clearance of toxic waste through its own blood vessels.
While the results are from mouse studies and human trials are still needed, this research offers a promising new direction: treating the brain’s blood vessels as active allies in healing rather than obstacles to overcome. [Chen, J., Ruiz-Pérez, L., Battaglia, G. et al. (2025). Rapid amyloid-β clearance and cognitive recovery through multivalent modulation of blood-brain barrier transport. Signal Transduction and Targeted Therapy, 10, 324. DOI: 10.1038/s41392-025-02426-1]
canisgallicus 