Wall Street Journal:
Sources: OpenAI is laying the groundwork for an IPO in Q4 2026, and its executives have privately expressed concerns about Anthropic beating OpenAI to an IPO  —  Rivals are competing to be the first major generative AI startup to tap the public markets  —  OpenAI is laying the groundwork …

Bloomberg:
Sources: SpaceX is considering a potential merger with Tesla, an idea some investors are pushing, while separately exploring a tie-up between SpaceX and xAI  —  SpaceX is considering a potential merger with Tesla Inc., as well as an alternative combination with artificial intelligence firm xAI …

It appears increasingly likely that in the coming days, the United States will once again launch airstrikes against Iran. On Wednesday, President Donald Trump posted on his Truth Social platform that a “massive Armada is heading to Iran,” referring to the aircraft carrier USS Abraham Lincoln and several other naval ships that have recently taken […]

Elias Schisgall / Wall Street Journal:
Sandisk reports Q2 revenue up 61% YoY to $3.03B, vs. $2.69B est., and net income up 672% to $803M, as AI drives demand upward; SNDK jumps 11%+ after hours  —  Data storage technology company posts second-quarter profit of $803 million, up from $104 million a year earlier

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: More US naval forces are arriving in the Middle East as President Donald Trump threatens military action against Iran. What’s happening? An aircraft carrier strike […]