Category
Strategy, startups, venture capital, and the business of building companies.
Samsung's share of foundry revenue fell to 7.3% in Q2 2026 from 11.5% a year earlier while TSMC took 70.2%. Reuters reports it raised advanced-node prices anyway - and the regional split says why.
Base Power raised $1B at a $13B valuation on 3 August. The hardware is the least interesting thing in the round. The company sells its customers retail electricity too — so the same battery earns twice, and the unit being priced is installed megawatt-hours under its control.
An 89x round trip in two years, on a rocket that has never flown. The spread is not a story about Astra — it is a story about what the buyer of a launch company is buying in 2026.
The criticality milestone is real and hard. The distance between it and the valuation is the entire investment thesis.
Moove raised $250 million at a $2.1 billion valuation to be the fleet-operations layer underneath autonomous mobility. Robotaxi coverage is almost entirely about the autonomy stack. The capital-intensive half of the business is where the economics actually resolve.
The FCC repealed the 39% national TV ownership cap 2-1. The cap was set by Congress in a 2004 statute — which makes the interesting question not whether consolidation is good, but whether the repeal survives review.
Fourteen startups raised billion-dollar rounds in July — the highest count on record. The total raised in those deals was not a record. That gap is the whole story.
Roughly 26 times forward recurring revenue, in cash, for software used by maintenance technicians. It is the largest acquisition in Autodesk's history — and a priced data point on where AI-era premiums are actually landing.
Revenue up 61%, net income nearly tripled, and the stock fell anyway. One word in the investor letter explains why — and it points at a structural trap.
Gusto's own CFO was the company's top AI "superspender" — and the leaderboard that caught him is now being dismantled at Meta, Amazon, and Uber.
Coverage led with the reported $1.65 billion price. The more interesting fact is what Nscale is not acquiring.
The AI jobs debate has been asking the wrong question. New research from Apollo finds the damage is showing up in paychecks, not headcount.