TNB Tech Minute: SpaceX IPO Draws $5 Billion Order From BlackRock

**Shiva Pillay** (0:00)
Without trusted data, I don't think you have an AI advantage. You may actually be running a high-end liability at machine speed.

**SPEAKER_2** (0:06)
That's Veeam's Shiva Pillay. Join him at the break to learn why trusted data is the fuel that lets AI scale successfully and safely.

**Julie Chang** (0:16)
Here's your afternoon TNB Tech Minute for Thursday, June 11th. I'm Julie Chang for The Wall Street Journal. Amazon said its global data centers used approximately 2.5 billion gallons of water last year. That's according to a blog post published today that outlined the tech giant's water efficiency efforts. Amazon said despite expanding its data center footprint, water usage at company-operated sites decreased by 2 percent from 2024 Data center companies have been facing growing scrutiny over the environmental impact of AI. Amazon said its data centers usage of water per kilowatt hour of electricity was more efficient than the industry average in 2025, and that some of its data centers use treated wastewater rather than drinking water. The company said by the end of this decade, it will return more water to communities than its direct operations consume.
Meanwhile, Amazon's billionaire founder Jeff Bezos said he expects AI to create a labor shortage, rejecting fears that the tech will put humans out of work. The remarks come as Bezos launches a new AI business called Prometheus. Prometheus plans to build an artificial general engineer that can design and manufacture complex physical products such as jet engines. Bezos will co-lead the venture, which is said to be valued at about $41 billion and has raised $12 billion from investors including JP Morgan Chase, Goldman Sachs and BlackRock.
And we exclusively report that BlackRock put in an order to buy at least $5 billion worth of SpaceX shares. People familiar with the matter said other large asset managers submitted similar orders, and sources say individual investors alone requested well over $70 billion worth of SpaceX shares, and that the company also received orders from sovereign wealth funds and family offices. To hear more about SpaceX's IPO, tune in to tomorrow's Tech News Briefing podcast.

**SPEAKER_2** (2:19)
As companies deploy autonomous AI agents, the guardrails and contextual understanding provided by trusted data are critical. Here again is Shiva Pillay, GM and SVP at Veeam.

**Shiva Pillay** (2:29)
Agents AI doesn't wait for governance. Agents do not rest. The more bad data you're feeding to your models, the more potential harm.

**SPEAKER_2** (2:37)
Trusted data is also essential to a company's ability to understand, govern, and precisely recover data at the same velocity and scale that AI can act on it.

**Shiva Pillay** (2:45)
You need surgical precision for AI and data and datasets, particularly in time as they change. You isolate clean data, validate its integrity, and ensure nothing upstream is compromised. Recovery becomes prioritized by sensitivity tier, not by the size of a workload. So I'm not simply saying go and just recover a whole piece of data. Find me the sensitive data that I need to recover and why.

**SPEAKER_2** (3:07)
Visit beam.com to learn more about how trusted data can power AI at scale.

**SPEAKER_4** (3:11)
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