In partnership with
The Intelligence Report
SpaceX went public on June 12 in the largest IPO in history, raising more than $80 billion with Elon Musk's Grok and the rest of xAI folded into the pitch, and four days later it spent $60 billion of that freshly minted stock to buy Cursor, the biggest acquisition of a venture-backed startup ever recorded.
The web runs right down to the compute layer, where SpaceX rents cloud capacity to Anthropic as part of roughly $26 billion in annual leases it struck with Anthropic and Google. So while the market was busy crowning AI the most valuable thing going, the federal government reached into that same field and switched off Anthropic's newest model.
Tuesday's Scan covered how the Fable shutdown happened and who drove it. Today goes a layer deeper, to what the episode exposed: the United States is making its biggest AI calls with no rulebook underneath them, and that absence, leaves so much to interpretation, and could potentially stifle AI innovation.
What's Inside
🤿 Deep Dive: The Fable shutdown one week on, and the rulebook that doesn't exist to resolve it
🌐 Global Signal: how the EU, UK, and China are governing frontier AI
🔐 Final Clearance
Let's get into it.
