insiders

According to The Information, informed sources revealed that Elon Musk has made adjustments to the team responsible for data center construction at SpaceX in recent weeks, replacing several leaders and transferring executives from the rocket and satellite internet business to strengthen data center infrastructure development.Two informed sources stated that this data center reorganization was due to some civil engineering issues and ongoing reliability problems at the existing data center facilities of SpaceXAI located in Tennessee and Mississippi.During the early stages of artificial intelligence infrastructure development, SpaceXAI acted hastily to quickly establish these data centers, resulting in some facilities operating for months without backup cooling and power systems. Informed sources indicated that this increased the risk of system outages.

According to sources, Anthropic has discussed acquiring the artificial intelligence chip startup MatX for about $7 billion to accelerate the development of customized hardware in its AI business. The merger negotiations have evolved into discussions about a partnership.MatX is seeking a new round of financing, with a valuation of approximately $4 billion.

According to informed sources, AI cloud service provider Lambda, supported by Nvidia, is negotiating a financing round of up to $3 billion, which could pave the way for its IPO next year.The company's revenue is expected to exceed $1.5 billion this year, with a financing valuation potentially reaching $12 billion.

According to CoinDesk, a source revealed that the social media platform X is in discussions on how to use stablecoins (such as Circle's USDC) to pay royalties to influential users for content uploads. The source stated that negotiations with X are still ongoing.He is also working on other social media platforms that are testing the use of stablecoins to pay commissions to influential users.

According to a post by @0xMaxs, Hyperliquid core contributor Xulian is publicly soliciting feedback on the latest testnet template for HIP-4. The template can be accessed via on-chain queries or the testnet API, with each template family identified by an incrementing integer suffix for the latest version. After collecting feedback, validators will review and vote on-chain, and only approved templates will be written to the mainnet for deployers to use; all template instantiations still depend on HIP-4 being enabled on the mainnet.It is reported that the testnet currently has 16 template records (including old versions), with approximately 12 latest templates based on the highest version of each family, covering 7 types of market structures. Candidate types include expiration prices (settled using specified period TWAP), price-triggered markets, range earnings, as well as central bank decisions, sports two-way options, and sports win/draw/loss, etc. The mainnet outcomeTemplates and deployer list are currently still empty, and permissionless templates have not yet been officially opened.HIP-4 is Hyperliquid's permissionless deployment standard for outcome/prediction markets, with the complete process being: community feedback, validator review, on-chain voting, template writing to the mainnet, and market creation by deployers once the switch is enabled.

As the deadline for the United States to impose tariffs on Canada approaches, the U.S.-Canada tariff negotiations have stalled due to core interest differences.U.S. President Trump has signed a notice to impose a 50% tariff on Canadian imports starting August 19.

Citrini analyst Jukan shared content on platform X stating that industry insiders reported that Google DeepMind co-founder Demis Hassabis had previously planned to leave simultaneously with another co-founder, David Silver. However, Google management was concerned that this news could trigger a significant drop in stock prices, so they hoped to delay his departure. Reports indicate that after Google announced related adjustments, the company's stock did indeed decline. Ultimately, Hassabis was persuaded to take on the role of chairman of DeepMind to help facilitate a smooth transition and create space for a more appropriate departure from Google in the future.It is reported that as David Silver shifts to founding Ineffable Intelligence and John Jumper joins Anthropic, the core AI research and development force at DeepMind is undergoing changes. Some insiders believe that the center of gravity for AI model development at Google has now shifted more towards the Bay Area, leading to a decline in the importance of DeepMind. Internally, Google is focusing on the large language model Gemini to catch up with OpenAI and Anthropic. Hassabis's adjustment reflects a long-standing strategic contradiction within Google: researchers are more focused on long-term scientific breakthroughs, while the commercial team is more concerned with AI products that can be quickly commercialized to drive revenue and stock price growth. Market predictions suggest that Hassabis may leave Google within a year and could potentially start a new venture.

According to CoinDesk citing informed sources, the cryptocurrency exchange BitMEX spent two years discussing potential sales with multiple buyers, including competitor exchanges and payment platform Exodus, before announcing its shutdown, but ultimately failed to reach a deal. Informed sources indicated that potential acquirers were deterred mainly by the holding structure led by the company's founder, the ongoing shrinking of the business, and lingering reputation issues.Reports state that the company had hired investment bank Broadhaven to manage the sale process in early 2025. Informed sources said that although co-founders Arthur Hayes, Ben Delo, and Samuel Reed had already exited the business after facing U.S. criminal charges in 2020, the three still controlled the vast majority of the company's equity, which made some buyers uneasy and complicated negotiations, as buyers typically hope to secure management's retention post-transaction through partial acquisition consideration.Additionally, during the sale process, BitMEX continued to lose market share as trading activity flowed to larger centralized exchanges and decentralized perpetual contract platforms, making potential acquirers reluctant to pay the revenue multiples typically offered to growth companies.

According to X user Rohan Paul, when the OpenAI model breached Hugging Face, Anthropic's Claude 5 refused to assist in the investigation, and Hugging Face ultimately turned to Nvidia's quantized version of GLM 5.2 for emergency response.The user commented that banning open-source models would weaken the defense's capabilities, and this incident confirms the practical value of open-source models in security response.

Sources familiar with the work indicate that lawmakers may release a new version of the cryptocurrency Clarity Act as early as next week. The new version will integrate the work of the U.S. Senate Banking Committee and the Agriculture Committee, but there are still unresolved issues, including one of the key demands from Senate Democrats regarding ethical concerns.Democrats still need to approve the new draft, which requires 60 votes to advance in the Senate.

According to a report by Barron's, on the eve of SpaceX's IPO, insiders at Rocket Lab concentrated on selling over 124,000 shares, cashing out more than $18.41 million in total. This includes the company's General Counsel Arjun Kampani, Vice President of Space Systems Brad Clevenger, COO Frank Klein, and Alex Slusky, head of the shell company behind the company's listing, Vector Capital.Previously, the company's stock price had surged significantly due to the optimistic sentiment in the industry brought about by the increase in SpaceX's valuation. This Monday, Rocket Lab (RKLB) saw its stock price drop by 15% to $122.39 at one point.

The "Anthropic" plan allows the EU's cybersecurity agency to use the powerful artificial intelligence tool "Mythos," which can discover and exploit vulnerabilities in computer systems.According to informed sources, Anthropic will allow the European Cybersecurity Agency to join the "Glass Wings" project. This project aims to let key institutions test the capabilities of "Mythos" before widespread deployment. A spokesperson for the European Commission stated that negotiations with Anthropic are progressing but declined to comment further.

Insiders reveal that SpaceX, under Elon Musk, is currently seeking a valuation of at least $1.8 trillion in its initial public offering (IPO), lower than the previously reported $2 trillion. Insiders stated that SpaceX has adjusted its target after consulting with advisors and investors. Details such as the size and valuation of the IPO are typically adjusted based on stakeholder feedback before the final pricing. Reports indicate that SpaceX will officially launch its roadshow as early as June 4 and may complete pricing as soon as June 11, although the actual trading schedule may be delayed by several days.Related discussions are ongoing, and the company may further raise its target valuation based on investor feedback during the roadshow. According to the prospectus, SpaceX's revenue for 2025 is projected to be $18.7 billion, up from $14 billion the previous year. During the same period, the company's performance is expected to shift from a profit of $791 million in 2024 to a loss of $4.94 billion in 2025. The company announced in February this year the acquisition of xAI, which is also under Musk; this deal valued SpaceX at approximately $1 trillion, while xAI was valued at about $250 billion.

As SpaceX approaches its IPO, speculation in the market about Elon Musk integrating Tesla and SpaceX has intensified. Insiders say that Musk has previously discussed the possibility of merging the two companies with internal personnel, and Tesla has long believed that the two sides may eventually move towards integration.Reports indicate that the two companies have deepened their cooperation in the AI infrastructure field in recent years, sharing executives, technology, and supply chains, and have begun collaborating in areas such as energy storage systems, vehicle procurement, and GPU order allocation. Legal experts state that if a merger is pursued, antitrust resistance may be limited, but valuation, share exchange ratios, and coordination of shareholder interests will be relatively complex.

According to Jinshi Data, informed sources revealed that SpaceX is expected to advance the acquisition of the artificial intelligence coding startup Cursor 30 days after its company begins the IPO.

According to Sina Finance, multiple informed sources have revealed that the majority of SpaceX shareholders have voted to approve the board's proposal for a 1-for-5 stock split for this private company, while converting all Class C common stock into Class A common stock. This plan officially took effect automatically on May 4, 2026, local time.Informed sources stated that shareholders have received email notifications, and after the stock split is completed, the fair market price per share will be adjusted from the previous $526.59 to approximately $105.32.SpaceX emphasized in the notification that this stock split aims to proportionally adjust the price per share and increase the number of shares held by shareholders, without changing the overall value of the company or the total value of the shares held by shareholders.

According to The Information, sources say that despite Cursor previously accepting SpaceX's conditional acquisition offer of $60 billion (which has not yet been finalized), the company currently has no plans to jointly develop coding models with its artificial intelligence agency xAI.Instead, Cursor is focusing on optimizing its self-developed model Composer. This model is partially supported by the Chinese AI model Kimi. Previously, the market anticipated that if the deal was completed, Cursor might engage in deep collaboration with xAI to develop programming models, but the latest developments indicate that the company will continue to adhere to an independent technology path in the short term.

The cryptocurrency market structure bill may advance in mid-May.This Wednesday, a key figure in the cryptocurrency bill negotiations, North Carolina Republican Senator Thom Tillis, stated that he has requested Senate Banking Committee Chairman, South Carolina Republican Senator Tim Scott, to expedite the scheduling of a hearing for the bill to be revised and voted on. Additionally, another negotiator this week, Angela Alsobrooks, indicated that if lawmakers want a bipartisan vote in the Senate Banking Committee, they need to address issues of illegal financing and ethics. However, Senate Chairman Scott stated that he believes the ethics provision does not need to be reviewed by his committee. It is currently unclear where the provision will go next, whether it should be reviewed by other committees, but it will likely need to be discussed before being submitted for a vote by the full Senate.