The Brutalist Report

Fortune

• Elon Musk’s SpaceX buys xAI in stunning deal valued at $1.25 trillion ahead of looming IPO [21d]
• Oracle said it was ‘highly confident in OpenAI’s ability to raise funds and meet its commitments.’ Cue the stock fall [21d]
• ‘We are an n of 1’: Palantir hails ‘incredible’ earnings as stock rockets nearly 8% after hours [21d]
• Devon Energy CEO: ‘Stars align’ to acquire Coterra for nearly $26 billion as merger mania returns to the oilfield [21d]