⛵ Anthropic IPO Targets $1T
Plus: Tesla China Sales Fall 66%, Gemini 4 Carbon Goes Live
Good Morning, Early Adopters!
Silicon Valley has two favorite hobbies: putting trillion-dollar price tags on things that don't exist yet, and quietly retiring things that do.
Big Tech at the Close | Tue, Nov 10 |
Company | Price | 1 Day | Mkt Cap | |
 | Amazon AMZN | $270.87 | +1.48% | 2.89T |
 | Apple AAPL | $348.51 | −0.62% | 5.10T |
 | Google GOOGL | $287.38 | −0.27% | 3.54T |
 | Meta META | $641.39 | +0.00% | 1.64T |
 | Microsoft MSFT | $533.16 | −2.20% | 4.05T |
 | NVIDIA NVDA | $168.89 | −5.47% | 4.31T |
 | SpaceX SPCX | $143.09 | +0.72% | 1.93T |
 | Tesla TSLA | $379.78 | +0.46% | 1.49T |
Anthropic IPO Targets $1T
TL;DR: Anthropic began its Nasdaq IPO roadshow with a proposed range of $70 to $78 for 825 million shares. The top of the range implies a valuation of roughly $1 trillion. Anthropic could raise about $62.5 billion before fees from its own shares in the offering, alongside a separate $26 billion private placement. Read more →
Tesla China Sales Fall 66%
TL;DR: Tesla sold 8,817 Shanghai-built cars to buyers in China in October, down 66% year over year and the lowest since July 2022, according to CPCA data cited by Electrek. Exports reached 59,012 vehicles, or 87% of wholesale volume. Including exports, Shanghai wholesale deliveries rose 10.3% year over year to 67,829. Read more →
Gemini 4 Carbon Goes Live
TL;DR: Google opened Gemini 4 Carbon to paying developers and enterprise customers after an initial release to security testers. The model is available through the Gemini API and Gemini for business for complex coding and research. Introductory API pricing is $2 per million input tokens and $10 per million output tokens through November 30, rising to $4 and $20 afterward. Read more →
Tesla Plans Cybertruck Sunset
TL;DR: Tesla plans to dismantle its Austin Cybertruck line around June or July 2027 to make room for Cybercab production, Elon Musk said. Cox Automotive estimates Tesla sold 1,914 Cybertrucks in the U.S. in October, the truck’s best month in more than a year, at an average transaction price of $92,380. Read more →
Feds Review Waymo’s Bus Recall
TL;DR: NHTSA opened a recall inquiry on November 6 after reports of Waymo vehicles passing stopped school buses with flashing lights or extended stop arms. The agency says most reported incidents occurred after Waymo deployed its software fix in November 2025. The inquiry will assess whether the recall adequately addressed the problem. Read more →
Oura to Buy Counsel Health
TL;DR: Oura agreed to acquire Counsel Health for $625 million in cash, subject to purchase price adjustments and customary closing conditions. Counsel combines medical AI with access to licensed physicians and already integrates with the Oura app. The companies plan to expand from wearable health insights into physician-supervised care, including referrals and chronic care. Read more →
FCC Reviews SpaceX Spectrum Bid
TL;DR: The FCC accepted for filing a request to transfer 546 paired 800 MHz licenses from Grain Management to a SpaceX subsidiary. The notice opens public comment through December 1. SpaceX separately requested permission to use those frequencies to provide supplemental coverage from its Starlink Mobile satellites. Both requests remain pending. Read more →
TSMC October Sales Rise 60%
TL;DR: TSMC reported October consolidated revenue of NT$586.89 billion, up 59.7% from a year earlier and 14.7% from September. Revenue for the first ten months reached NT$4.49 trillion, up 43.3% year over year. Read more →
SoftBank Posts $7B Loss
TL;DR: SoftBank reported a quarterly net loss of about ¥1.12 trillion ($7 billion) after a ¥2.5 trillion profit a year earlier. Its results included a ¥597.2 billion charge tied to changes in power equipment orders for U.S. AI data centers. SoftBank also recorded losses on prepaid forward contracts backed by Intel shares as Intel’s stock rose. Read more →
ChatGPT Opens Business Profiles
TL;DR: OpenAI launched Businesses in ChatGPT in beta. Through Business Hub, companies can claim their profiles, update details and track engagement such as profile views and website clicks. Eligible U.S. ecommerce and online service businesses can also create agents that answer customer questions using information supplied by the business. Read more →
Senators Push Chip Export Bill
TL;DR: Senators Elizabeth Warren and Jim Banks urged Congress to add the AI OVERWATCH Act to this year’s defense bill. The proposal would tighten licensing for certain advanced chip exports. Two other bipartisan proposals target different parts of the supply chain, including manufacturing equipment export controls and location verification for advanced chips. Read more →
Ring Debuts Patrol Robots
TL;DR: Amazon’s Ring unveiled Drone Cam, a $249.99 indoor flying camera for homes, and Rover Cam, a $999.99 wheeled security robot for businesses. Both use cameras and sensors to map spaces, follow patrol routes and navigate around obstacles. Ring lists U.S. shipping dates of December 16, 2026 for Rover and January 27, 2027 for Drone Cam. Read more →
SpaceX Orders Solar Cell Equipment
TL;DR: SpaceX ordered a turnkey production line for heterojunction solar cells from SINGULUS, with delivery planned for the first half of 2027. The equipment will support production for Starmind satellites in Bastrop, Texas. SINGULUS says the partnership plans additional lines and could scale to support more than 100 GW of manufacturing capacity. Read more →
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