Newly-public SpaceX wants to put data centers in space—but there may be a better and cheaper option: the sea.

Backed by Peter Thiel, Portland, Oregon startup Panthalassa has been developing floating data centers that generate their own electricity, and expects commercial units to be operational in 2027. The ocean is a massive untapped resource for power and cooling, but no large-scale systems or techniques have yet proven viable.

“What we’re doing is totally crazy,” CEO and cofounder Garth Sheldon-Coulson told Forbes.

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SpaceX said it plans to buy the startup behind AI coding agent Cursor for $60 billion, as the rocket firm’s stock soared more than 10% in premarket trading on Tuesday.

California Gov. Gavin Newsom said the Trump administration is investigating him and “trying to find” a crime to charge him with, though it’s unclear what the Justice Department could be looking for.

Fox will purchase streaming service Roku in a $22 billion deal, expanding the company’s streaming portfolio in a deal that will create “third-largest player in U.S. television,” the firms said.

SpaceX announced that its record IPO raised more than $85 billion after brokers behind the debut purchased additional shares. Brokers exercised their so-called “green-shoe option,” a provision in an IPO that allows banks underwriting the offering to sell more shares than were originally........

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