Elon Musk’s first-gen orbital data center craft spans wider than a Boeing 747 and runs an interchangeable chip payload — AI1 satellite compute payload is 120 kW, peaks at 150 kW

Elon Musk laid out the first detailed design of SpaceX’s AI1 satellite in a 30-minute video posted to the company’s X account.
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SpaceX unveils 11-million-square-foot Gigasat factory, a new manufacturing facility for space-based data centers — aims for 1 GW/year of space AI compute by late 2027 from its satellites

SpaceX’s new Gigasat factory will mass-produce AI satellites for orbital data centers. Musk says the company is targeting 1 GW of space AI compute by 2027 and 100 GW per year by 2030.
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Startup’s ‘miracle’ solid-state battery actually uses lithium-ion chemistry, according to third-party tests — Donut Lab raised $25M and is valued at $1.25B on what now appear to be debunked claims

A Finnish startup’s startling claims to have a production-ready ‘miracle’ solid-state battery have thoroughly collapsed under independent scrutiny.
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Chinese startup claims photonic chip production without DUV lithography, says nanoimprint process cuts costs by 90% — 8-inch wafers produced without conventional optical lithography

Chinese startup Prinano claims it produced 8-inch photonic chip wafers without DUV lithography, using nanoimprint technology that cuts costs by 90%.
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Most new U.S. AI data centers are being built in drought zones — two-thirds of 809 planned projects set for areas with water shortages

About two-thirds of the 809 data centers planned across the U.S. are slated for land that has been in drought over the past year.
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Farmer donates land for a park, city sells it for data center development — $10 gift became $10M for city government, with $30M tax expected over next decade

Texas farmland originally donated in 1999 to be used only as a public park has been sold to a data center developer for $10 million.
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Disgruntled ASML employees threaten to boycott Elon Musk conference appearance — staff express ire at political involvement and ‘Nazi sympathies’

ASML has confirmed that a group of disgruntled workers is pushing back hard against an invitation for Elon Musk to address the equipment maker’s closed annual tech conference.
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Executives are cutting jobs for an AI future that hasn’t fully arrived yet, even as productivity gains remain difficult to prove — data neither confirms nor refutes an AI unemployment apocalypse

A growing number of CEOs expect AI-driven layoffs, but economic data paints a more complex picture as companies cut junior roles before proving AI delivers meaningful productivity gains.
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ASML becomes Europe’s most valuable company ever as analysts bet on higher EUV output — its market cap hit $674 billion this week

ASML closed Wednesday, June 3rd, as the most valuable company in European history, reaching a market cap of $668 billion.
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Google signs $920M monthly compute deal with SpaceX — company’s projected annual data center revenue to exceed its combined proceeds from Starlink, launch services, and AI in 2025

Google’s $920-million-a-month deal with SpaceX will let it secure 110,000 Nvidia GPUs starting October 2026. This is the second data center deal that SpaceX has secured in a matter of weeks, especially as it’s quickly appr…

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