{"id":134953,"date":"2026-08-10T13:21:20","date_gmt":"2026-08-10T13:21:20","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/134953\/"},"modified":"2026-08-10T13:21:20","modified_gmt":"2026-08-10T13:21:20","slug":"fortune-tech-spacexs-lockup-rally-amazons-power-plant-googles-ai-maps-rollback","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/134953\/","title":{"rendered":"Fortune Tech: SpaceX&#8217;s lockup rally, Amazon&#8217;s power plant, Google&#8217;s AI maps rollback"},"content":{"rendered":"<p>Good morning. Tech Editor Alexei Oreskovic here today, stepping in for Andrew. <\/p>\n<p class=\"wp-block-paragraph\">We may be entering a <a aria-label=\"Go to https:\/\/www.theatlantic.com\/magazine\/2026\/08\/reading-crisis-postliterate-age\/687618\/\" href=\"https:\/\/www.theatlantic.com\/magazine\/2026\/08\/reading-crisis-postliterate-age\/687618\/\" rel=\"nofollow noopener\" target=\"_blank\">post-literate society<\/a>, but lots of techies are still writing books. Among the latest authors flogging books are Zynga founder and entrepreneur Mark Pincus (\u201cLife at the Speed of Play\u201d) and LinkedIn CEO Ryan Roslansky (\u201cOpen to Work: How to Get Ahead in the Age of AI\u201d).<\/p>\n<p class=\"wp-block-paragraph\">But the book that got the most buzz this weekend is the forthcoming novel from MacKenzie Scott, the billionaire philanthropist who was formerly married to <a aria-label=\"Go to https:\/\/fortune.com\/company\/amazon-com\/\" href=\"https:\/\/fortune.com\/company\/amazon-com\/\" target=\"_blank\" rel=\"nofollow noopener\">Amazon<\/a> founder Jeff Bezos. Scott, who studied under novelist Toni Morrison at Princeton University and who has previously written two novels, teased her latest work on her personal substack on Saturday, the <a aria-label=\"Go to https:\/\/www.nytimes.com\/2026\/08\/08\/business\/mackenzie-scott-new-book.html\" href=\"https:\/\/www.nytimes.com\/2026\/08\/08\/business\/mackenzie-scott-new-book.html\" rel=\"nofollow noopener\" target=\"_blank\">New York Times reported<\/a>. Scott didn\u2019t share much, but revealed that the book is 317 pages (not including the epilogue) and is titled<a aria-label=\"Go to https:\/\/lastdaysintwonations.substack.com\/p\/last-days-in-two-nations\" href=\"https:\/\/lastdaysintwonations.substack.com\/p\/last-days-in-two-nations\" rel=\"nofollow noopener\" target=\"_blank\"> \u201cLast Days in Two Nations (A History in Eighteen Minds).\u201d<\/a><\/p>\n<p class=\"wp-block-paragraph\">Apparently Scott plans to publish the book serially\u2014which means she may not have to sell it on Amazon! <\/p>\n<p class=\"wp-block-paragraph\">Today\u2019s news below.<\/p>\n<p class=\"wp-block-paragraph\">Want to send thoughts or suggestions to\u00a0Fortune Tech?\u00a0Drop a line\u00a0<a aria-label=\"Go to mailto:newsletters@fortune.com\" href=\"https:\/\/fortune.com\/2026\/08\/10\/spacexs-surprise-lock-up-rally\/mailto:newsletters@fortune.com\" rel=\"nofollow noopener\" target=\"_blank\">here<\/a>.<\/p>\n<p>How SpaceX\u2019s most-feared trading day turned into a 6% rally<img alt=\"\" data-cy=\"article-image\" loading=\"lazy\" width=\"300\" height=\"200\" decoding=\"async\" data-nimg=\"1\" class=\"transition-opacity duration-300 alignnone size-medium wp-image-4544310 not-prose w-full\" style=\"color:transparent;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url(&quot;data:image\/svg+xml;charset=utf-8,%3Csvg xmlns='http:\/\/www.w3.org\/2000\/svg' viewBox='0 0 300 200'%3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'\/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'\/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'\/%3E%3CfeComposite operator='out' in='s'\/%3E%3CfeComposite in2='SourceGraphic'\/%3E%3CfeGaussianBlur stdDeviation='20'\/%3E%3C\/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='none' style='filter: url(%23b);' href='data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR4nGNgYAAAAAMAASsJTYQAAAAASUVORK5CYII='\/%3E%3C\/svg%3E&quot;)\"   src=\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/08\/GettyImages-2280569342-e1786319366688.jpg\"\/><\/p>\n<p>For weeks, SpaceX investors braced themselves for Thursday August 6, when nearly a billion insider and employee shares, about 20% of the company, became eligible to sell at once.\u00a0<\/p>\n<p>With the stock already trading at roughly half its brief post-IPO high, the flood of extra supply\u2014effectively doubling the freely traded float overnight\u2014would only further increase the downward pressure on the stock price, the thinking went.\u00a0<\/p>\n<p>Instead, after some slight weakness, the stock steadied, and then bounded up 6% higher. So, what gives?<\/p>\n<p>As one former SpaceX worker told Fortune, it turns out that company employees didn\u2019t need an IPO to get paid. After all, the company has run roughly semiannual buybacks for about a decade now.\u00a0 \u201cThese are not people waiting to get their first dollar back,\u201d the former employee said.\u00a0<\/p>\n<p>Gil Luria, a D.A Davidson analyst, said that expiration of the lockup was also already priced in. \u201cThe stock\u2019s been down almost every day for the last three or four weeks in anticipation of this,\u201d said Luria. <a aria-label=\"Go to https:\/\/fortune.com\/2026\/08\/07\/why-did-spacex-stock-rise-after-selloff\/\" href=\"https:\/\/fortune.com\/2026\/08\/07\/why-did-spacex-stock-rise-after-selloff\/\" rel=\"nofollow noopener\" target=\"_blank\">Read the full story here<\/a>. \u2014Eva Roytburg<\/p>\n<p>Amazon&#8217;s mega gas-burning power plant<\/p>\n<p>As AI companies build<a aria-label=\"Go to https:\/\/fortune.com\/2026\/01\/27\/data-centers-ai-meta-microsoft-google-amazon-openai-gpu\/\" href=\"https:\/\/fortune.com\/2026\/01\/27\/data-centers-ai-meta-microsoft-google-amazon-openai-gpu\/\" rel=\"nofollow noopener\" target=\"_blank\"> massive data centers<\/a> to train and run their latest AI models, many are including private, on-site energy facilities as part of the design. The idea is for the data centers to have a dedicated supply of electricity that&#8217;s not reliant on the public grid\u2014and that doesn&#8217;t take energy away from everyone else who relies on the grid.<\/p>\n<p>Amazon is taking the concept to the next level. The company is investing in a project to build a massive natural-gas burning power plant in West Texas, according to a <a aria-label=\"Go to https:\/\/www.nytimes.com\/2026\/08\/08\/climate\/amazon-data-center-texas-pollution.html?unlocked_article_code=1.31A.xzDh.F4qu7Zcw39Dj\" href=\"https:\/\/www.nytimes.com\/2026\/08\/08\/climate\/amazon-data-center-texas-pollution.html?unlocked_article_code=1.31A.xzDh.F4qu7Zcw39Dj\" rel=\"nofollow noopener\" target=\"_blank\">report in The New York Times<\/a>. According to the permits reviewed by the Times, the plant in Pecos County will be capable of generating 7.65 gigawatts of power through its 35 natural gas turbines. At full scale, the plant would be allowed to emit 33 million tons of carbon dioxide per year, making it the largest CO2 emitter of any power plant in the U.S., according to the report.\u00a0<\/p>\n<p>An Amazon spokesperson told the Times that the company remains committed to its goal of being <a aria-label=\"Go to https:\/\/www.aboutamazon.com\/planet\/climate-pledge\" href=\"https:\/\/www.aboutamazon.com\/planet\/climate-pledge\" rel=\"nofollow noopener\" target=\"_blank\">carbon neutral by 2040<\/a>\u2014a goal Amazon has struggled to meet because of the AI boom\u2014even with the new power plant, and noted that the company was exploring using solar energy and battery storage at the data center that would be fed by the natural gas power plant.<\/p>\n<p>Amazon isn&#8217;t the only tech company to face scrutiny over its data centers&#8217; energy supply. SpaceX recently entered into an agreement with the Mississippi Department of Environmental Quality to <a aria-label=\"Go to https:\/\/x.ai\/memphis\/updates\" href=\"https:\/\/x.ai\/memphis\/updates\" rel=\"nofollow\">remove the 69 temporary mobile turbines<\/a> in Southaven, Mississippi that are powering its Colossus data center.\u2014AO<\/p>\n<p>Google quietly discontinues its Earth AI feature<\/p>\n<p>Google <a aria-label=\"Go to https:\/\/fortune.com\/2026\/08\/07\/google-quietly-discontinues-its-earth-ai-feature-a-day-after-its-rollout-after-users-made-no-no-images\/\" href=\"https:\/\/fortune.com\/2026\/08\/07\/google-quietly-discontinues-its-earth-ai-feature-a-day-after-its-rollout-after-users-made-no-no-images\/\" rel=\"nofollow noopener\" target=\"_blank\">halted the rollout of an AI image generating<\/a> feature within its Google Earth satellite imagery service less than one day after its launch.<\/p>\n<p class=\"wp-block-paragraph\">The feature allowed users to overlay AI-generated scenes onto real satellite, aerial and 3D imagery. Google\u00a0<a aria-label=\"Go to https:\/\/blog.google\/products-and-platforms\/products\/earth\/nano-banana-google-earth-image-generation\/\" href=\"https:\/\/blog.google\/products-and-platforms\/products\/earth\/nano-banana-google-earth-image-generation\/\" rel=\"nofollow noopener\" target=\"_blank\">envisioned<\/a>\u00a0legitimate uses such as visualizing planning concepts or historical reconstructions, but users almost\u00a0<a aria-label=\"Go to https:\/\/x.com\/evanhill\/status\/2082927203575005581?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2082927203575005581%7Ctwgr%5Ed20ae68e8e1cad2386bde38b1fff0d70e6ec23be%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.npr.org%2F2026%2F07%2F31%2Fnx-s1-5914652%2Fgoogle-adds-ai-to-satellite-images-raising-fears-of-deepfakes-in-the-sky\" href=\"https:\/\/x.com\/evanhill\/status\/2082927203575005581?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2082927203575005581%7Ctwgr%5Ed20ae68e8e1cad2386bde38b1fff0d70e6ec23be%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.npr.org%2F2026%2F07%2F31%2Fnx-s1-5914652%2Fgoogle-adds-ai-to-satellite-images-raising-fears-of-deepfakes-in-the-sky\" rel=\"nofollow\">immediately<\/a>\u00a0began generating fabricated disasters, false military installations and conflict scenes tied to real-world locations.<\/p>\n<p>Google had released the Nano Banana software integration with Google Earth with a few safeguards, but clearly, they were not sufficient. The company said it was rolling back the feature \u201cwhile implementing stronger guardrails.&#8221;<\/p>\n<p class=\"wp-block-paragraph\">\u201cWe know that people uniquely trust Google Earth for a reliable view of the world,\u201d a Google spokesperson told\u00a0Fortune. \u201cIt\u2019s important to note that generated images didn\u2019t appear in the main Google Earth experience for others\u2026 and were watermarked as AI generated.\u201d\u00a0\u2014Joshua Hong<\/p>\n<p>More tech<\/p>\n<p>\u2014<a aria-label=\"Go to https:\/\/fortune.com\/2026\/08\/07\/samsung-pre-orders-for-latest-foldables-jump-30-from-last-year\/\" href=\"https:\/\/fortune.com\/2026\/08\/07\/samsung-pre-orders-for-latest-foldables-jump-30-from-last-year\/\" rel=\"nofollow noopener\" target=\"_blank\">Samsung foldable phone pre-orders jump 30%<\/a>. Good news for Apple?<\/p>\n<p>\u2014<a aria-label=\"Go to https:\/\/fortune.com\/2026\/08\/07\/the-hugging-face-hack-is-now-a-pr-crisis-thats-costing-openai-millions\/\" href=\"https:\/\/fortune.com\/2026\/08\/07\/the-hugging-face-hack-is-now-a-pr-crisis-thats-costing-openai-millions\/\" rel=\"nofollow noopener\" target=\"_blank\">Hugging Face hack is now an OpenAI PR crisis<\/a> that\u2019s costing it millions.<\/p>\n<p>\u2014<a aria-label=\"Go to https:\/\/fortune.com\/2026\/08\/09\/why-every-company-wants-an-ai-model-router-right-now\/\" href=\"https:\/\/fortune.com\/2026\/08\/09\/why-every-company-wants-an-ai-model-router-right-now\/\" rel=\"nofollow noopener\" target=\"_blank\">Routers are hot again<\/a>. But we&#8217;re talking about AI routers.<\/p>\n<p>\u2014<a aria-label=\"Go to https:\/\/fortune.com\/2026\/08\/07\/ai-obsessed-silicon-valley-live-commerce-platform-whatnot-new-funding-round-20-billion\/\" href=\"https:\/\/fortune.com\/2026\/08\/07\/ai-obsessed-silicon-valley-live-commerce-platform-whatnot-new-funding-round-20-billion\/\" rel=\"nofollow noopener\" target=\"_blank\">Whatnot is now worth $20 billion<\/a>, and the startup is focused on live commerce not AI.<\/p>\n<p>\u2014<a aria-label=\"Go to https:\/\/fortune.com\/2026\/08\/08\/ai-is-changing-work-faster-than-the-data-can-keep-up\/\" href=\"https:\/\/fortune.com\/2026\/08\/08\/ai-is-changing-work-faster-than-the-data-can-keep-up\/\" rel=\"nofollow noopener\" target=\"_blank\">AI is changing work<\/a> faster than the data can keep up.<\/p>\n","protected":false},"excerpt":{"rendered":"Good morning. Tech Editor Alexei Oreskovic here today, stepping in for Andrew. We may be entering a post-literate&hellip;\n","protected":false},"author":2,"featured_media":134954,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[2208,24,2539,1483,140,10639,132,1429,11160,1122,17754,2008,157,160,3540,7150,658,40297],"class_list":["post-134953","post","type-post","status-publish","format-standard","has-post-thumbnail","category-google","tag-advanced-micro-devices","tag-ai","tag-airbnb","tag-alphabet","tag-elon-musk","tag-fortune-tech","tag-google","tag-google-ai","tag-instacart","tag-meta","tag-nintendo","tag-no-copyright","tag-openai","tag-science","tag-singapore","tag-softbank","tag-spacex","tag-viruses"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/134953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=134953"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/134953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/134954"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=134953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=134953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=134953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}