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A mural of Elon Musk in downtown Brownsville, Texas.
Sherwood News

“We love Elon” — The sights of Musk’s south Texas company town

Tributes to Musk and unfinished construction populate the landscape near Starbase.

If you drive around Brownsville, Texas — a city that hosts the SpaceX south Texas launch site, Starbase, and according to Musk, the company’s next headquarters — you’ll get the idea that people here are big fans of Elon Musk. 

Brownsville is a city of roughly 200,000 people, nestled in the southern tip of Texas, surrounded by the Rio Grande to the south and the Gulf of Mexico to the east. There’s a mural bearing his face downtown and several space-themed businesses. I went looking for a bust of his distorted face spotted in the area recently, and while I didn’t find it, I did find a pedestal where it may eventually sit. 

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A pedestal labeled "Elon" seen off Boca Chica Boulevard.


One spray-painted piece of concrete near the launch site put it simply: “We love Elon.”

The reality is more complicated: some residents resent that the world’s richest man is launching rockets near some of the poorest ZIP codes in the US. SpaceX has been accused of causing environmental damage in the area, a claim the company has denied. 

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A piece of concrete off Boca Chica Boulevard.

SpaceX employs about 3,400 people in south Texas and in return it’s enjoyed property tax breaks and state funding. In the past 10 years, it’s turned empty land leading up to Boca Chica beach into an industrial park. Unfinished rockets now tower over the beach. There does in fact appear to be construction of an office space, though it’s unclear when the construction began.

The construction and launch site attracts visitors, like myself, who park on the frontage of the road. Signs littered along Boca Chica Boulevard warn you which parts are now private property. (Ironically, SpaceX has been accused of building on private land belonging to Cards Against Humanity.)

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A mural of Elon Musk off of Boca Chica Boulevard.


As you’re driving toward the launch site it’s easy to forget that you’re sometimes just a few yards away from the Rio Grande. That is, until you drive away from the futuristic launch site and pass through a Border Patrol checkpoint.

SpaceX rockets towering over Boca Chica beach.

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Report: Meta pouring $65 million into PACs backing pro-AI state candidates

With a pro-tech, pro-AI administration in Washington, DC, Meta has decided the next battlegrounds that it needs to flood with cash are in individual states.

Starting in Meta’s home state of California, the tech giant is pledging $65 million to a pair of super PACs that it created to fund pro-tech and pro-AI candidates at the state level, according to a report from Politico.

Meta has funded the American Technology Excellence Project ($45 million) and Mobilizing Economic Transformation Across (META) California ($20 million) to push back on what it sees as burdensome AI regulations coming from state legislatures.

The META California PAC will support tech-friendly candidates regardless of party.

Starting in Meta’s home state of California, the tech giant is pledging $65 million to a pair of super PACs that it created to fund pro-tech and pro-AI candidates at the state level, according to a report from Politico.

Meta has funded the American Technology Excellence Project ($45 million) and Mobilizing Economic Transformation Across (META) California ($20 million) to push back on what it sees as burdensome AI regulations coming from state legislatures.

The META California PAC will support tech-friendly candidates regardless of party.

TrumpRx

When is TrumpRx launching?

Not on schedule, for one thing.

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Jon Keegan

FTC will appeal Meta antitrust case

Only a few months after successfully defending itself from an FTC antitrust lawsuit, Meta may be heading back to court. Today, the FTC announced that it would appeal the decision, reopening a yearslong suit.

The FTC called Meta’s acquisition of Instagram and WhatsApp an illegal monopoly. The judge in the case found that in the years since the suit was first brought, the competitive landscape had changed dramatically, with Meta facing fierce competition from TikTok.

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Netflix goes all-cash in bid for Warner Bros., boosting its odds

Netflix on Tuesday applied more pressure to Paramount Skydance in the ongoing bidding war for Warner Bros. Discovery, amending its offer to an all-cash proposal.

Netflix shares ticked up in premarket trading, while Paramount and Warner Bros. were down less than 1%.

The move, which was expected, does not increase the value of Netflix’s $82.7 billion offer for WBD. Netflix said shareholders will be able to vote on the deal in April.

In a Tuesday filing, Warner Bros. said that it values Discovery Global, the spin-off of its cable assets, at between $1.33 and $6.86 per share. Earlier this month, Paramount said it valued the cable TV business at $0 per share.

With Tuesday’s update, event contracts have swung even further in Netflix’s favor, with Paramount’s odds to end up in control of Warner Bros. falling to 14%. That’s below the odds for “none.”

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

The move, which was expected, does not increase the value of Netflix’s $82.7 billion offer for WBD. Netflix said shareholders will be able to vote on the deal in April.

In a Tuesday filing, Warner Bros. said that it values Discovery Global, the spin-off of its cable assets, at between $1.33 and $6.86 per share. Earlier this month, Paramount said it valued the cable TV business at $0 per share.

With Tuesday’s update, event contracts have swung even further in Netflix’s favor, with Paramount’s odds to end up in control of Warner Bros. falling to 14%. That’s below the odds for “none.”

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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Paramount doesn’t improve its offer for Warner Bros., leaving its fate to a long-shot shareholder appeal

Paramount Skydance on Thursday reaffirmed its $30-per-share offer to buy Warner Bros. Discovery, again stating that it believes the offer to be superior to rival Netflix’s.

In a press release, Paramount said its last amendment to the offer — which included a $40.4 billion personal guarantee from Larry Ellison, the father of Paramount CEO David Ellison — “cured every issue raised by WBD.”

The problem: Warner Bros.’ board on Wednesday unanimously voted to reject that offer, its sixth rejection of a Paramount takeover and second rejection of this specific $30-per-share bid. Warner’s board stated that it believes Paramount’s offer to be inferior to Netflix’s due in part to an “extraordinary amount of debt financing” and lower effective termination fees should the deal not clear the regulatory process.

By not improving the bid, Paramount is effectively leaving the deal in the hands of Warner Bros.’ shareholders, who will have to weigh the bids and the multiple rejections. Event contracts show a moderate boost in Parmount’s odds to end up in control of WBD on Thursday morning, jumping to 31% as of 9:30 a.m. ET, up from 27% at 9:00 a.m. ET.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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