Elizabeth Lopatto

There aren’t a lot of surprises here, but there’s a lot more color on the events we all saw: Musk’s capriciousness about the deal, the attempt to recreate the dot-com boom company X, and Musk’s dialogue with Sam Bankman-Fried.

Apparently there was a “Project 42” — for Douglas Adams fans, this number is significant — at Tesla, “which called for a spacious glass structure to be built in the Austin, Texas, area,” according to The Wall Street Journal. The project was “described internally as a house for Chief Executive Elon Musk.”

Sorry, the “group chat.”

But it’s not clear how much actual income the company will make, The Information reports. That’s still a pretty big leap from last year, when OpenAI had only $28 million in revenue. The Information cites a single anonymous source with “direct knowledge,” so that’s someone who thought this was important to put in industry press. Wonder who!

In a letter to the judge, Bankman-Fried’s lawyers say they are unable to adequately prepare for trial because Bankman-Fried doesn’t have enough internet access. Also the battery life on his laptop isn’t good enough. His lawyers are asking that he be released to prepare for trial.

The VC firm tried to sell stakes in 258 companies in June, The Information reports, citing anonymous sources. Those stakes were worth $312 million in total, and it’s not clear if they sold. Patreon was among the companies whose stakes were up for grabs, but about 40 percent of the firms were biotech or health.

Eric Newcomer reviews the track record of the SPAC king of SIlicon Valley. (Read our explainer on SPACs here.) Newcomer reviews Palihapitiya’s involvement in the craze and concludes: