Blue Owl cashes out part of SpaceX stake

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Blue Owl Capital sold roughly half of its SpaceX investment at a $1.25 trillion valuation, locking in about a 10x return, according to co-CEO Marc Lipschultz.

Blue Owl originally invested $27 million in SpaceX equity in 2021 through one of its technology finance funds after first building ties as an early lender. The firm’s remaining stake is still significant, while the partial sale secures major realized gains ahead of SpaceX’s expected IPO later this year.

SpaceX is reportedly targeting a public debut at a potential $1.75 trillion valuation, which could make it one of the largest IPOs in history. Blue Owl’s move reflects both confidence in future upside and a strategic decision to crystallize profits at already massive private-market valuations.

The sale also gives Blue Owl additional flexibility to offset potential credit-market risks, showing how private equity positions in top-tier tech firms can serve as major portfolio stabilizers.

Google Cloud leads as AI spending tops $700B

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Google has emerged as the standout performer in Big Tech’s AI infrastructure race after Google Cloud posted a 63% revenue surge, sharply outpacing rivals and reshaping investor expectations.

The strong growth, driven largely by enterprise AI demand, exceeded both Microsoft Azure and Amazon cloud growth rates, reinforcing Google’s strategy of commercializing its AI stack across chips, cloud and business tools.

Across major U.S. tech giants, projected AI-related capital expenditures now exceed $700 billion this year, rising from prior estimates near $600 billion. Google raised its own spending outlook further as demand continues to outstrip available compute capacity.

The market response highlighted a growing divide: investors are increasingly rewarding companies converting AI spending into visible revenue acceleration, while punishing those where returns remain less clear.

Xiaomi Civi 6 Series Leak Suggests Dimensity Chipsets and 50MP Periscope Camera for Civi 6 Pro

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Xiaomi Civi 6 Series Leak Hints at First-Ever Pro Model with Dimensity 9500 Chipset ~ My Mobile India

Xiaomi is reportedly preparing to refresh its Civi smartphone lineup, with early leaks pointing to the upcoming Xiaomi Civi 6 and Xiaomi Civi 6 Pro. The new generation is expected to focus on camera upgrades and improved display quality, continuing the series’ emphasis on stylish, camera-centric mid-range smartphones.

According to recent leaks shared by tipster Digital Chat Station on Weibo, the new Civi devices are likely to launch in China soon. While official confirmation is still pending, the specifications suggest that Xiaomi is aiming to refine both performance and imaging capabilities, especially with the inclusion of more advanced telephoto camera systems.

The standard Xiaomi Civi 6 is said to feature a 6.59-inch display with 1.5K resolution, offering a balance between sharp visuals and power efficiency. Under the hood, it is expected to be powered by the MediaTek Dimensity 8500 chipset, positioning it firmly in the upper mid-range segment. One of the key highlights could be a 50-megapixel periscope telephoto camera supporting up to 5x optical zoom.

Meanwhile, the Xiaomi Civi 6 Pro is expected to build on this foundation with even more premium capabilities. Both devices are tipped to include 50-megapixel periscope cameras, suggesting a strong focus on long-range photography across the lineup. The Civi 6 Pro is also expected to succeed the previous Xiaomi Civi 5 Pro, which launched with a Snapdragon 8s Gen 4 chipset and a 6,000mAh battery, indicating that Xiaomi may continue refining performance and imaging balance in its next-generation models.