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Top stories today:
- Elon’s fortune tops $600B for first time as SpaceX hits $800B valuation
- U.S. Tech Force launched by Trump to recruit Big Tech talent
- Notion said to plan $300M tender at $11B valuation
- PayPal applies to establish bank as U.S. loosens regulatory reins
- Chai Discovery, OpenAI-backed startup, raises $130M at $1.3B
- CoreWeave -46% as AI bubble fears, data center delays erase $33B
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Elon’s fortune tops $600B for first time as SpaceX hits $800B valuation
Elon Musk is now worth almost $638B, per the Bloomberg Billionaires Index:
Musk’s 42% stake is worth $317B after a liquidity discount applied to private companies.
It’s the first time an individual has hit $600B+ on Bloomberg’s wealth index.
The growth comes after SpaceX saw a 2x increase in its valuation in an insider share share.
Musk’s fortune has further to run if SpaceX succeeds in a 2026 IPO.
+3.6% in Tesla stock to $475.31 at the close of Mon. trading.
2. U.S. Tech Force launched by Trump to recruit Big Tech talent for government modernization
The Trump admin will recruit ~1K staffers from Apple, Meta, xAI, and others.
Recruits will be placed in federal agencies for two-year stints starting in Mar.
~20 tech companies have signed on so far, including Palantir, Meta, and Oracle.
Recruits will be paid $150K-$200K annually.
The program has no “political mission,” according to its website.
Now, new H-1B petitions come with a $100K price tag. That’s pushing enterprises to rethink how they hire.
The H-1B Talent Crunch report explores how U.S. companies are turning to Latin America for elite tech talent—AI, data, and engineering pros ready to work in sync with your HQ.
Discover the future of hiring beyond borders.
*Disclaimer: We have equity in Athyna.
4. Notion said to plan $300M tender at $11B valuation as ARR tops $600M, driven by AI
