AI Infrastructure Capital Flows and Financing Innovation

Jane Street eyes $11B private credit refinance to support AI investments, joining a wave of massive capital flows (OpenAI $750B, Nvidia $250B, etc.). The shift to private credit reduces disclosure, highlighting the relentless demand for AI compute and power. New: Firmus raises $2B equity at $10.5B valuation with Nvidia/Blackstone doubling down; SpaceX reports <1yr payback on AI compute with $14.1B new cloud contracts and 247% AI revenue growth.