Felix Aroyan
Compute & infrastructure
Felix Aroyan covers the data-center buildout, chip supply, and the physical substrate of frontier AI. He has been writing about infrastructure for several years and treats every gigawatt announcement as a story about land, water, and power as much as silicon. He files the capex pieces nobody else wants to.
SpaceX prices at $135, closes at $161, drags AI infrastructure onto the Nasdaq board
SPCX raised $75 billion in the largest IPO in history and finished its first session up 19%, valuing the xAI-and-Colossus-owning rocket company above $2 trillion — and, in the words of one former Nasdaq chief, opening the window for OpenAI and Anthropic.
Supermicro to raise $7B for AI servers, sending SMCI down more than 17%
The server maker disclosed a $5 billion underwritten offering and a $2 billion ATM program on June 9 to fund components for roughly $39 billion of AI server orders from more than 20 customers — and the market punished the dilution.
Meta lifts 2026 AI capex to $125–$145 billion and cuts 8,000 jobs
The compute spend is the largest single-year capital plan in Meta's history. The headcount reduction, announced the same week, lands at the layers of the org that the new capex will not save.