SpaceX priced its Nasdaq IPO at $135/share last night, targeting a $75B raise at roughly $1.77 trillion — surpassing Saudi Aramco as the largest IPO ever. Goldman Sachs leads a 21-bank syndicate; 30% of shares go to retail investors via Robinhood, Fidelity, and Schwab. Because SpaceX absorbed xAI in February, this is also an AI infrastructure play. AEC angle: How SPCX trades today sets the valuation benchmark for Anthropic's and OpenAI's pending IPOs — the companies whose models power the AI tools AEC firms are adopting. Build Fast with AI →

OpenAI and Oracle announced that enterprise customers can access frontier models and Codex through existing Oracle Universal Credits, eliminating separate AI procurement. The partnership extends from the $500B Stargate infrastructure commitment. AEC angle: Oracle owns Aconex, Primavera, and Textura — three pillars of large-project construction management. This pipeline could eventually bring frontier AI into Oracle's construction stack without firms needing a separate OpenAI contract. Build Fast with AI →

The New York legislature wrapped its 2026 session by sending seven AI bills to the governor's desk: a kids chatbot safety act, AI training data transparency, deepfake provenance labeling, a surveillance pricing ban, the FAIR News Act, an AI output accuracy warning, and — most consequential for the built environment — a one-year moratorium on hyperscale data centers above 20MW. AEC angle: Data center construction is the single largest driver of contech funding right now. If Hochul signs the moratorium, New York joins a growing list of jurisdictions pausing the pipeline that's been bankrolling construction robotics and AI tooling. Transparency Coalition →

McCarthy Building Companies signed a multiyear, multimillion-dollar deal with Palantir to power "Pulse," an AI-native system delivering real-time insight, scenario planning, and risk analysis to field teams. Palantir will embed engineers within McCarthy's internal tech team and connect contracts, estimating, and execution workflows through its Ontology framework. This follows Turner's OpenAI partnership last fall. The pattern is clear: top-10 US contractors are now pursuing enterprise AI deals, not buying off-the-shelf contech products. Construction Dive →

At the AIA Conference in San Diego, Nemetschek's Graphisoft previewed a cloud-native AI design platform that lets teams explore hundreds of massing, layout, and performance scenarios in seconds — without requiring BIM expertise. They also announced an Archicad–Autodesk Forma connection for native data exchange, with early access in October. The interoperability move is as significant as the AI: Nemetschek reaching across the aisle to Autodesk Forma signals the era of walled-garden BIM may be softening. Nemetschek →