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Tech Beat · 10 PM Update

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SpaceX's meteoric rise is creating an unexpected lifeline for creditors of the collapsed crypto exchange FTX. It turns out FTX acquired exposure to SpaceX back in two thousand twenty two, and with the rocket company's valuation surging ahead of a potential IPO, that stake could be worth billions — real money that might actually flow back to the people FTX left holding the bag.

Meanwhile, a political fault line is opening up over prediction markets. Kentucky, one of the most reliably Republican states in the country, is moving to regulate platforms like Kalshi and Polymarket — putting it on a collision course with the Trump administration, which has argued states have no jurisdiction over these markets. It's a rare moment of a red state defying its own party's federal posture.

And on the cybersecurity front, researchers have uncovered serious vulnerabilities in the power and cooling systems that keep data centers running. We're talking about the physical infrastructure — the equipment that, if disrupted, doesn't just knock websites offline but can create genuine safety hazards. It's a reminder that digital attacks increasingly have very real consequences in the physical world.

Keep surfing. Tech Beat out.

Sources

  1. https://decrypt.co/371474/spacex-surge-worth-billions-ftx-will-creditors-benefit
  2. https://www.coindesk.com/policy/2026/06/17/kentucky-targets-prediction-markets-puts-red-state-in-potential-clash-with-trump-team
  3. https://www.youtube.com/watch?v=7iYnIjcu9l8
  4. https://springbett.substack.com/p/in-progress-we-trust
  5. https://twitter.com/akuicia/status/2067096575172899015
  6. https://www.techradar.com/pro/security/a-single-cyber-incident-can-lead-to-physical-disruption-create-safety-hazards-or-cause-catastrophic-downtime-hackers-target-data-center-equipment-including-critical-power-devices-in-latest-push-to-disrupt-communities
  7. https://www.techradar.com/streaming/entertainment/i-rounded-up-the-best-toy-story-5-toys-and-merch-these-are-the-high-tech-figures-lego-sets-and-apparel-worth-buying
  8. https://www.tomshardware.com/tech-industry/semiconductors/intels-fab-roadmap-examined
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