Author Archive
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Aug 12, 2026Public software multiples sit at historic lows, yet in each category one business trades at a meaningful premium. -
Aug 6, 2026SpaceXAI spent $18b of capital last quarter, $16b of it on AI, a hyperscaler's budget covered 12% by operations. Equity & credit have both marked it down. -
Jul 27, 2026Google Cloud grew 82% to $24.8b in Q2 2026, began recognizing TPU system sales, & posted a $514b backlog as its growth rate converges toward NVIDIA's.
