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Musk, Ramaswamy on move to form Trump’s DOGE team with Silicon Valley cohort
Bay Area Times
November 25, 2024
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Top stories today:
- Musk, Ramaswamy forming Trump’s DOGE with Silicon Valley cohort
- CoreWeave said to raise $3B+ at $35B+ valuation in Q2 2025 U.S. IPO
- Amazon doubles down on Anthropic with $4B investment
- Tim Cook closes ties with Trump through direct phone calls, meals
- SEC collects $8.2B in fines, with Terraform Labs contributing $4.5B
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of the few hallucinations):
1. Musk, Ramaswamy on move to form Trump’s DOGE team with Silicon Valley cohort
PE exec. Antonio Gracias and Boring Company President Steve Davis are involved in planning.
Palantir’s Joe Lonsdale and investor Marc Andreessen, among others, are working on technical challenges.
Andreessen is also acting as a key networker for talent recruitment.
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3. CoreWeave said to raise $3B+ at $35B+ valuation in Q2 2025 U.S. IPO
Nov.: CoreWeave’s $650M secondary share sale was closed at a $23B valuation.
4. Amazon doubles down on Anthropic with $4B investment
