Atlas aims to help revitalize U.S. manufacturing by developing AI-powered drones, ships, and space infrastructure to strengthen national security and defense capabilities.

Vandenberg Space Force Base, a key aerospace hub, already hosts SpaceX, Blue Origin, and Relativity Space.

Atlas, with a projected $17.4 billion investment, is expected to generate 20,000 high-paying U.S. jobs, support 50,000 residents, and drive a $35 billion economic impact, pending federal analysis.

Praxis has secured approximately $500 million in funding from prominent investors, including Sam Altman’s Apollo Projects, Shervin Pishevar, and Cameron and Tyler Winklevoss via Winklevoss Capital.

During the 2024 presidential election, Trump proposed building up to 10 futuristic “freedom cities” on federal land. (CJ)

⭐ Editor’s Pick: Nvidia’s Blackwell chips slashed large AI training time, with 2,496 chips finishing a test in 27 minutes using fewer chips than prior models. (VB)

OpenAI's paying business users grew from 2 million to 3 million since February, with ChatGPT Team and Enterprise now offering connectors for Google Drive, Dropbox, SharePoint, Box, and OneDrive. (CNBC)

Reddit sues Anthropic for allegedly using its online forum data without a licensing agreement. (WSJ)

Google DeepMind CEO Demis Hassabis estimates a 50% chance of achieving AGI within 5-10 years. (WM)

Lucy Guo, co-founder of Scale AI with a 5% stake, has overtaken Taylor Swift as the world's youngest self-made woman billionaire, with a net worth of $1.25 billion. (FOR)

Mistral is launching Mistral Code, a "vibe coding" client, to compete with Windsurf, Anysphere’s Cursor, and GitHub Copilot. (TC)

AMC Networks partners with Runway to create marketing images and pre-visualize unproduced shows. (THR)

⭐ Editor’s Pick: Amazon is developing software for humanoid robots to potentially replace delivery workers, with plans for these robots to operate from Rivian trucks. (TI)

Cortical Labs' CL1, the first commercial biological computer using human neurons on a chip for adaptive, is now available for $35,000, with 115 units shipping this summer. (IS)

A new thermal scanner, enabling instant 3D vision for robots over transparent and black surfaces, reduces imaging time from 15 seconds to 1.5 seconds. (IE)

Canadian quantum computing company Xanadu pioneers the world’s first error-resistant photonic qubits generated directly on an integrated chip platform, (GM)

Researchers from Purdue University and Oak Ridge National Laboratory have achieved a world-first by successfully demonstrating secure quantum communications within an operational nuclear reactor. (IE)

⭐ Editor’s Pick: Jared Isaacman suggests that people with “axes to grind” about Musk caused his nomination for NASA administrator to be withdrawn. (SN)

Japanese private spaceflight company ispace seeks to achieve a historic milestone with its second lunar landing attempt today. (SP)

China claims its new AI-powered torpedoes, capable of detecting decoy submarines, achieve a 92% accuracy rate. (IE)

⭐ Editor’s Pick: Impulse Space raises $300 million in a Series C round, led by Linse Capital, to expand its in-space transportation and electric propulsion tech. (SN)

Bolttech, a Singapore-based embedded insurance startup, raises $147 million in a Series C funding round at a $2.1 billion valuation, led by Tokio Marine. (TC)

Antheia, a pharmaceutical ingredient manufacturer, raises $56 million in a Series C funding round led by Global Health Investment Corporation. (PR)

Voxel, a startup using AI to enhance workplace safety, raises $44 million in a Series B funding round led by NewRoad Capital Partners. (VCN)

Paytient, a healthcare payments company focused on accessible and affordable care, secures $40 million from Trinity Capital. (PYM)

⭐ Editor’s Pick: Nucleus Genomics launches Nucleus Embryo, a tool for IVF parents to screen embryo profiles, partnering with Genomic Prediction to improve genetic insights for hereditary conditions and traits. (SCY)

23andMe seeks to reopen bidding on assets, including genetic data, after a $305 million offer from co-founder Anne Wojcicki, topping Regeneron's $256 million bid. (USN)

⭐ Editor’s Pick: Hackers have leaked a database, reportedly stolen from AT&T in April 2024, containing decrypted Social Security Numbers and personal data of 88 million customers. (HR)

Corporate investigators discovered that Chinese hackers breached an unnamed U.S. telecom company in summer 2023, a year earlier than previously known, signaling a deeper compromise. (BBG)

Google reports that hackers are deceiving employees at companies into installing a tampered Salesforce-related app, enabling them to steal vast amounts of data. (RTS)

Musk labeled the bill “outrageous” and “criminal,” arguing it undermines fiscal responsibility efforts from his time as DOGE co-chief.

The bill proposes $3.75 trillion in tax cuts (including extending 2017 tax cuts and eliminating taxes on tips and overtime), increases the debt ceiling by $4 trillion.

The Congressional Budget Office estimates the bill will add $2.4 trillion to federal deficits over the next decade.

On X, Musk shared a “Kill Bill” meme and tweeted, “Bankrupting America is NOT ok! KILL the BILL,” rallying opposition.

Musk warned that lawmakers supporting the bill should face primary challenges, aligning with hardline Republicans but clashing with GOP leaders

⭐ Editor’s Pick: President Donald Trump's tariff plan is projected to reduce the budget deficit by $2.8 trillion over the next decade, according to the Congressional Budget Office. (BBG)

One Big Beautiful Bill Act will increase the deficit by $2.4 trillion over 10 years, per the Congressional Budget Office. (CNBC)

Sen. Ron Johnson (R-WI) intensifies his criticism of the GOP budget bill, labeling it "grotesque" and declaring, "This is immoral, what us old farts [are] doing to our young people." (SB)

Private sector job growth slowed to just 37,000 in May, far below the expected 110,000, despite robust pay growth, according to ADP. (FBN)

Trump said he was in rare agreement with Sen. Elizabeth Warren (D-MA) in pushing to eliminate the debt ceiling, warning it’s needed to avert an "economic catastrophe." in the U.S. (X)

British Prime Minister Keir Starmer predicts that U.S. tariffs on UK steel imports would be lifted within a "couple of weeks." (IND)

⭐ Editor’s Pick: GlobalFoundries will invest $16 billion in U.S. chip manufacturing, with $13 billion for New York and Vermont facilities and $3 billion for advanced packaging research, to strengthen domestic semiconductor production. (GF)

Amazon will invest $10 billion in North Carolina to boost its AI infrastructure, generating 500 high-skilled jobs. (AA)

CrowdStrike disclosed that DOJ and SEC officials requested information on the accounting of certain customer deals, and the cybersecurity firm is cooperating with the inquiry. (BBG)

Jeff Bezos' next-door neighbor's waterfront land on Miami's Indian Creek Island sold for $110 million, with the buyer planning a 25,000-square-foot mansion. (WSJ)

⭐ Editor’s Pick: The European Commission and ECB have approved Bulgaria's adoption of the euro as its currency starting January 2026. (F24)

China's wheat output is expected to fall by up to 5% in 2025, the lowest since 2018, due to drought impacting key growing regions. (FP)

Crude futures dropped 1.4% today over Saudi Arabia's push for larger OPEC+ oil supply increases. (INV)

China ramped up cloud seeding 20% over last year, using chemicals to boost rainfall by a third, according to state media. (SEM)

Gold rose to $3,373.50 an ounce, its highest close in nearly a month. (RTT)

⭐ Editor’s Pick: Circle sets its IPO price at $31 per share, surpassing the anticipated $27-$28 range and achieving a $6.8 billion market valuation. (CNBC)

JPMorgan will allow trading and wealth-management clients to use certain cryptocurrency-linked assets as loan collateral. (BBG)

K Wave Media's stock soared 160% after announcing a $500 million equity purchase agreement to strengthen its Bitcoin treasury strategy. (INV)

MoonPay will provide direct cryptocurrency services across all 50 U.S. states following its acquisition of New York's BitLicense. (CA)

Webus International, a China-based automotive and hospitality company, files with the SEC to establish a $300 million XRP-focused corporate treasury. (TB)

Semler Scientific acquires 185 more Bitcoin, boosting its holdings to nearly $500 million. (CD)

The Education Department’s Office for Civil Rights said that Columbia failed to meet accreditation standards due to its handling of pro-Palestinian protests.

Columbia violated anti-discrimination laws, specifically the Civil Rights Act, by showing "indifference" toward harassment of Jewish students, official said.

The administration previously announced plans to revoke $400 million in federal grants and contracts from Columbia for failing to address antisemitism.

⭐ Editor’s Pick: Transportation Department is moving to cut approximately $4 billion in federal funding from California’s high-speed rail project due to violations of its federal grant agreements. (DOT)

Arizona Gov. Katie Hobbs (D) vetoed a bill designed to block China from purchasing land near strategic assets, including military bases. (FOX)

Trump's administration is renegotiating Biden's semiconductor grants, with Commerce Secretary Howard Lutnick indicating some awards may be canceled. (CNBC)

Police across 28 states arrested over 400 people in a nationwide crackdown on organized retail theft last week, targeting the post-pandemic surge in store losses. (NYP)

⭐ Editor’s Pick: Department of Education says Columbia University failed to meet accreditation standards due to non-compliance with federal antidiscrimination laws, potentially putting the school’s federal funding at risk. (CNBC)

Trump administration failed to overturn a federal district court order temporarily blocking the Education Department from laying off approximately half of its workforce. (RTS)

Trump signs an executive action that prevents foreign nationals from entering the U.S. to study at Harvard. (NBC)

Texas ends in-state tuition for illegal immigrants, aligning with Trump’s executive orders prohibiting taxpayer benefits for migrants. (X)

⭐ Editor’s Pick: Trump administration is set to terminate the TSA's Quiet Skies, a federal domestic surveillance program targeting travelers. (CBS)

In an "unprecedented" move, DOJ warns Brazilian Justice Alexandre de Moraes that ordering Rumble to curb U.S.-based user's free speech is an unenforceable overreach. (FOX)