Cain Peter Hillier

The Week in Short Elon Musk, Marc Andreessen, and many other tech leaders are long on Trump and that’s not a good position. Rest of World falls victim to a more inward-looking era. Anthropic S-1 brings plenty of takes and a searing critique from Roger McNamee. Five races on Tuesday are especially interesting for Silicon Valley, starting with Texas. Thrive bought ADP, the venerable home-security business. Kalshi raised a billion. China’s AI bubble starts to deflate.

Space data centers, once confined to sci-fi novels and ambitious pitch decks, are beginning to get real. A SpaceX rocket earlier this month carried an experimental Google satellite that will make simple requests to Gemini while researchers test how its four TPUs hold up in space. The same launch carried the Reason-1 satellite from startup Cowboy Space, which is experimenting with beaming solar power back to Earth with a laser.

Anthropic’s S-1 arrived at a particularly fraught moment in the tech business, with anti-AI sentiment raging across the country and a highly consequential election about to take place. The numbers are extraordinary — and will likely polarize the debates even further. We’ve pulled a handful of highlights from the filing, some of which were foreshadowed: