Infrastructure

3 stories

1. 
   September 15, 2026

   Modine can leave auto parts. It still has to earn its AI valuation.

   Data-center sales nearly doubled as MOD prepares to separate its vehicle business. Shrinking margins and customer-funded cash flow reveal what the new company must prove.

2. 
   September 10, 2026

   CoreWeave mortgages the future. Its founders take cash.

   A $104 billion backlog proves customers want the compute. Interest already equals a quarter of sales, and CoreWeave's newest loan runs about two years past the average contract behind it.

3. 
   September 9, 2026

   A $50 billion deck wants to move AI training to orbit. The repair bill is a rocket.

   The physics is generous: free sun, free cooling, no land. The financing is not, because launch and radiation price the silicon by the kilogram.