Dan Primack

Biz editor @Axios. Pro Rata newsletter. [email protected]. Native Masshole. DM for Signal/Telegram.

[Dan Primack @danprimack]

Heading off for a couple weeks at the beach.

@ShenLucinda will be writing Axios Pro Rata, so please send her news and views.

Be back later in July.

[Dan Primack @danprimack]

SpaceX shares are now down more than 50% from their high, just over a month ago. They're also well below the IPO and first trade prices.

The lockup expiration is going to be very interesting.

[Dan Primack @danprimack]

Nancy Mace: “You come in with a billion and you double it in a couple years ... It’s probably a high-yield savings account.”

Ummm.... that's a hell of a high-yield savings account.

[Manu Raju @mkraju]

GOP lawmakers largely silent amid Trump making $2B in his first year of second term — and of potential conflicts.

“First I’ve heard of it,” Johnson said of Truth Social selling quicker access to market-moving posts.

Others won’t comment, some shrug it off.

$2B raise any red flags?

Mace: “You come in with a billion and you, and you double it in a couple years, that's probably, math. It’s probably a high-yield savings account.”

(Crypto was a big profit generator)

Cornyn a rare R raising concerns on Truth Social move. Says “yes,” Congress should look into it:

“It does raise some questions about conflicts of interest,” Cornyn said

[Dan Primack @danprimack]

Open-source AI push could create troubles for venture capital https://t.co/4XlbLwZIuU

[Dan Primack @danprimack]

More than six months now. And nothing has changed.

[Dan Primack @danprimack]

Alex Pretti was killed two months ago today. No resolution to the federal investigation, even though there's tons of video and access to all surviving participants.

[Denny’s @DennysDiner]

@JensenHuang @nvidia

[Dan Primack @danprimack]

@ShenLucinda @paradigm 🙏

[Dan Primack @danprimack]

Last island run of vacation. I mean… I love my job, but this sure doesn’t suck.

[Dan Primack @danprimack]

“They used my stuff without permission.”

“Whatever. That’s just distillation.”

———

“China used my stuff without permission.”

“Thieves!!!!!”

[Axios @axios]

🦾 EXCLUSIVE: @Nvidia CEO Jensen Huang defends Chinese AI companies and open AI models like Kimi in a new Behind the Curtain with Axios co-founder @mikeallen.

“These Chinese models are excellent. Open source models that are excellent should be used."

[Dan Primack @danprimack]

Trying to think about what would happen if OAI and/or Anthropic were to fail, in terms of the VC/startup ecosystem.

Yes, there have been startup bubbles before. But never so much concentration and capital into just a couple companies. The ripples would be tsunamis.

[Dan Primack @danprimack]

Probably a good day to resurface this interview:

https://t.co/O1jpLW2TKD

[Dan Primack @danprimack]

“Historically accurate.”

The story is full of literal monsters.

[Elon Musk @elonmusk]

Before this year ends, Grok Imagine will make a full-length movie of The Odyssey that is historically accurate and true to the art of Homer

[Axios @axios]

WATCH: @BrockEWTurner and @StefWKight host convos exploring the evolving GLP-1 landscape from patient safety and access to regulation and oversight with @RepRudyYakym, @scottkahan and more. #AxiosLive

https://t.co/yLjlnVHNDC

[Brian Schwartz @schwartzbWSJ]

Exclusive- our deep dive into the secret political betting culture in Washington, and the insiders helping fuel it.

Our extensive investigation found betting on politics has skyrocketed in ‘26 but turning to insiders to make bets on major political decisions has been happening since the 2024 presidential election.

New reporting w/ @PhilipWegmann:
https://t.co/bl2gO8PU60

[Ken Wattana @KenWattana]

Weeks before Claude Code ate their lunch

[Dan Primack @danprimack]

@therealgonch Guess that depends. In theory, Micron. But if other states were to stop building data centers, then there wouldn't be too much for those Micron employees to make.

[Dan Primack @danprimack]

New York confuses me. It hypes up a massive chip fab project from Micron -- which will make products that go into data centers.

Then it bans data centers.

If data centers are bad, then wouldn't that also apply to making chips for data centers?

[Dan Primack @danprimack]

"banned" vs "moratorium"... yes, there is a distinction and i should have been more exact

[Dan Primack @danprimack]

To be clear, this doesn’t mean anything good or bad about the spacex biz.

But it could change the ipo math for Anthropic and OpenAI.

[Dan Primack @danprimack]

SpaceX already well below first public trades, and now is threatening to move below IPO price.