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NVIDIA announced on its own newsroom that it has agreed to acquire Hugging Face for $12,930,300,000, 2.9x the company’s last priced round. The QuantLogix secondary tape had already repriced Hugging Face ~87% above that round — and still saw only half the deal. What changes on QuantLogix, and why the roster waited for the definitive agreement.

SpaceX agreed to acquire Cursor parent Anysphere for $60 billion in stock — its first major deal as a public company and a bid to stack distribution atop compute and models. The allocator's read on SpaceXAI, the xAI gap, and what an all-stock mega-deal means for SPCX holders.

Quantinuum IPOs above $15 billion, IonQ is up more than 700% since September 2024, and Washington is taking $2 billion of equity stakes across nine quantum companies. The Financial Times reports the industry now expects quantum advantage by 2030 — here is how a hedge-fund discipline separates the investable theses from the lottery tickets, and why Q-Day is the one risk every portfolio already owns.