United States Daily Briefing

SpaceX is in active discussions with the Pentagon over a multi-billion-dollar AI computing contract, according to Yahoo Finance. If executed, the deal would extend SpaceX's revenue mix beyond launch services into defense-AI infrastructure — a category where Palantir and MSFT Azure have previously led. The contract signals that the DoD is expanding its AI compute procurement beyond hyperscalers, creating an addressable market wedge for non-traditional defense primes. Watch for formal contract award timelines: any announcement would be a material re-rating catalyst for SpaceX's implied private valuation.

JPMorgan Chase CEO Jamie Dimon projected that AI capital expenditure will reach $1 trillion globally next year, according to Yahoo Finance. That figure, if directionally correct, dwarfs even the most bullish consensus estimates and implies sustained multi-year demand for power infrastructure (Quanta Services, Vistra), GPU supply chains (NVDA, AVGO), and cloud capacity (MSFT, AMZN). Dimon's read is consistent with data center capex disclosures from the Magnificent 7 in their most recent 10-Qs. The call reinforces the 2026-2027 energy-infrastructure investment thesis that has driven GRID's outperformance against broader utility benchmarks.

Robinhood's CFO Shiv Verma sold 3,982 shares for approximately $457,000 under a pre-arranged 10b5-1 trading plan, reducing his direct stake by 7% to 55,945 shares worth $6.5 million, Yahoo Finance reported. Prearranged 10b5-1 sales are mechanically neutral — they reflect pre-committed schedules rather than real-time views — but the timing aligns with HOOD trading near recent highs and the broader tech-led sell-off on Friday. The insider-activity context for the day is skewed heavily toward selling (see SmartMoney Note), making this a data point worth watching even if the 10b5-1 framing reduces its signal weight.