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Joined January 2026
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Nicholas Thomas retweeted
JUST IN: Memphis Mayor reveals SpaceX data center taxes more than doubled to $54 million, after $25 million last year made it Shelby County’s second largest taxpayer
Paul Young was asked about Elon Musk’s claim that data centers have Memphis booming:
Q: “Recently, just speaking on the revenues the data centers are creating for Memphis. Elon Musk recently tweeted that Memphis is 'booming' because of the data centers. He said that hotels and restaurants are full and called, tax revenue in Memphis tremendous right now. Do you just have any thoughts on that?”
YOUNG: “Well, we’ve talked a lot about the financial aspects of the project. I think that as we talk about data centers in our city, we want to talk about it in a balanced way. Of course there’s an economic side. We want to make sure that we are articulating what protections and guardrails we’re putting in place for the environmental sides that, people are concerned about, the quality of life, noise, traffic, all of those aspects."
"But, there there is tax revenue. I think this year it was $54,000,000 in taxes that have been generated. And I know last year when they generated about $25,000,000 in tax revenue, it was the second largest tax paying property in Shelby County. I don’t know where $54,000,000 puts it, but it is significant taxes."
"And so as we look at, the tax revenue, we also wanna look at how do we ensure that there are proper protections. That’s what this ninety day executive order has been about, and, it’s the conversation that we’ll continue to have with the community.”
SpaceX’s Arizona data center, per a county supervisor: “We could be reducing property taxes across the board in Cochise County, the entire county, by 20%”
Frank Antenori, whose district includes the site, brought up the county’s tax math during a live Q&A:
“Here’s just something to just chew on. Arizona has an expenditure limit requirement that is placed on counties. If we exceed that expenditure, we have to rebate back to the taxpayers a certain amount.”
“So, if we’re receiving revenue in from SpaceX, by law, we have to offset that to the taxpayers. We have the potential to reduce, based on the projected revenue they’re creating, as much as 20%.”
“Let me just say it again. We could be reducing property taxes across the board in Cochise County, the entire county, by 20% to offset for the revenue here, because we can’t spend all that money. So, we have to give that money back to the taxpayers. The law says we have to.”
“So, you could see a potential significant impact to local property taxes. What that is, I don’t know. We’re going to have to do the math on it. But the law, if we have this large increase in property tax revenue, we have to balance those rates. So that will reduce dramatically the property tax burden of every resident in the county.”
“The construction sales tax, which also is the TPT, the transaction privilege tax, the retail tax, and the jail excise tax. So that will be part of the construction tax. We could literally use that money to pay the jail off in 2 to 3 years, as opposed to the 13 to 20 years.”
“So this could be a revenue to eliminate the half-cent sales tax in 2 to 3 years. We can get rid of that half-cent sales tax.”
Well, you would think it would be my eyes that hurt after this week, but it's my jaw from clenching during the day and grinding all night........
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Nicholas Thomas retweeted
Bernstein: estimated annual contracted spending by OpenAI on infrastructure tops out at $184 billion in 2031.
The Street’s bull case is explicit now. Morgan Stanley’s new model has AWS growing 47% in 2027 and 42% in 2028 at 42% and then 44% operating margins.
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solana:KWiZdAh4C9Pf5oCBzWvtjcQEFudryu8tFaXrmsJpump set a record for operating income in the last quarter. This was impressive but the 2027-2028 Bull case built on Morgan Stanleys models is insane.
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Nicholas Thomas retweeted
Access the AI Factories eBook from Supermicro and NVIDIA to discover how to build a turnkey AI Factory efficiently at scale with certainty of outcome.
Nicholas Thomas retweeted
$MRVL CEO Matt Murphy called the $LITE acquisition an opportunity that comes along “once in a generation.”
What stands out is Lumentum’s indium phosphide lasers already power $NVDA optical switches and with capacity sold out through early 2029 Marvell is acquiring manufacturing capabilities that a fabless chipmaker can’t easily replicate.
$MRVL just made a ~$115B bet on the future of AI infrastructure, agreeing to acquire $LITE in an all-stock deal.
Marvell CEO Matt Murphy calls this “an opportunity that comes along once in a generation” as traditional copper connections start hitting their limits with rising AI bandwidth demands.
By combining Lumentum’s lasers and optical transceivers with Marvell’s networking silicon, the combined company is targeting a $550B addressable market as data centers increasingly shift toward optical connectivity.
