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The Dodgers' bullpen might be an unexpected strength in the playoffs

Maccelli acknowledged that it was just the preseason, but Tuesday’s goals still served as an encouraging sign that his one-year flier with the Islanders could end up being worth it.

They've got real chemistry.

They've got real chemistry.

The Rangers gave Alberts Smits an unobstructed runway to fill a vacancy on the third pair, and the 18-year-old is preparing for takeoff.

At least they avoided being no-hit. 

Tuesday night, he delivered a third straight multihit game, which included a go-ahead two-run double in the sixth inning that helped the Mets past the Rangers 6-3 at Globe Life Field.

Osiris was one of 10 whales rescued from the defunct Marineland of Canada aquarium and theme park in Ontario in July and transported to the Windy City.

“You guys don't do anything until it's too late,” she said. “This happens too often to too many people.”

SB Energy Delays IPO Funding World's Largest Data Center Amid Investor Revolt, Public Outcry

Slowly the data center dream is turning into a nightmare.

Over the weekend, we reported that the price on the massive $18 billion leveraged loan backing Oracle's just as massive $165 billion, 4.5GW New Mexico data center, Project Jupiter, had fallen to "stressed" levels around 89-91 cents on the dollar.

What makes the price slide from par in just a few months especially concerning is that the 1,400-acre data center campus in Doña Ana County is at the heart of Oracle’s landmark $300bn contract with OpenAI to provide computing power. The marquee project secured $18Bn of loans from a consortium of banks late last year to kick-start construction, along with billions of equity investment from Blue Owl.

As for why the price is dropping, the answer is simple: the market is getting increasingly concerned that the data center will not be built on time (if ever) amid extreme grassroots opposition to data centers. Most recently, the project has faced due to fierce local opposition over concerns about its impact on the local area’s water supply and air quality. The project was initially going to be powered by 2.2 gigawatts of gas turbines, but the state land office blocked a request to run a natural gas pipeline to the data center.

Worse, Deb Haaland, New Mexico’s Democratic gubernatorial nominee and a former US Interior secretary, said she would pause all new data centres if elected in November and require developers to heavily invest in renewable energy. In other words, a Blue sweep virtually assures years of delays. 

But it's not just the Project Jupiter data center. 

Readers may recall that a month ago, Nvidia announced it would back a massive, 4.25GW SoftBank data center (which won't be completed for years) with $105 billion in additional funding. The project, led by SB Energy - subsidiary of the Japanese conglomerate SoftBank that aspires to build the largest data center project in the world (because it wouldn't be like Masa Son to go for anything but the world's biggest) in Ohio - is set to be fully leased to OpenAI, and could eventually grow to 10GW, making it the world's largest data center (but let's get to just 1GW first though).

Nvidia - which initially planned to support the SB Energy project with as much as $250bn, but got cold feet after facing investor pushback over the extent of the risk - will provide a $105bn "residual value guarantee" backstop for the project, helping lower debt costs. 

Nvidia will also invest $1.5bn in SB Energy, down from a reported $3bn. The SoftBank subsidiary, which we said in August was preparing for an IPO, is planning to build 10GW of new power generation, including 9.2GW of natural gas generation, to power the facility. This will provide up to 8GW of total IT load, making it the world's biggest data center when finished.

Yet fast forward just one month to today, when said IPO - whose proceeds are so very critical to the continued construction and timely completion of the project - has been pulled. 

According to the NYT, while SB Energy had originally planned its I.P.O. for this month, the offering has been delayed, as investors question the company’s sought-after valuation of $50 billion or more. The report goes on to note that so far, bankers have struggled to find enough buyers of SB Energy stock within price ranges the company and its bankers had sought.

SB Energy’s struggles to win over investors come at the worst possible time: just as the backlash against data centers that is shaping elections and kitchen table debates across the country (which we warned about last summer) is now spilling onto Wall Street with "investors voicing increasing skepticism about the growth expectations for data centers and the risks associated with their build-out, forcing industry executives and their advisers to recalibrate their plans to raise tens of billions of dollars in public markets."

The pulled IPO also comes just days after Holtec - which specializes in nuclear energy technology, spent fuel storage, small modular reactors (SMRs), and nuclear plant decommissioning and is hoping to supply power for AI - said last week that it was pausing its I.P.O. plans indefinitely, citing several factors that have “impaired investor confidence in the market for new public offerings.”

Holtec pointed to the “uncertainty of data center development” as the primary reason for the postponement, according to a company release. Holtec Nuclear owns and operates one main nuclear power site and builds small nuclear reactors that can be used to power data centers. The company, which had planned to start trading on Nasdaq last week, was seeking to raise as much as $900 million at a valuation of up to $10 billion.

The delays, the NYT notes, "are a rare hiccup for the A.I. industry, which has enjoyed almost unbridled investor enthusiasm in recent years."

The rest of the article is boilerplate, repeating the same stuff we have warned about since mid-2025: 

Public opposition to data centers has built for months as communities push back against these sprawling, power-guzzling facilities that have sprung up across the country, particularly in rural areas. 

Heading into the midterm elections, data centers present an unusual issue that many voters from both parties oppose. They have become a focal point for the public’s angst about an economy dominated by artificial intelligence.

Over the past week, fears over artificial intelligence hit a fever pitch as A.I. executives warned of the technology’s dangers and suggested slowing down the pace of development.

In this context, a growing number of states have taken their own steps to curtail data center development, creating roadblocks for companies looking to raise money from public investors. Earlier today, we reported that "Texas Governor Abbott Orders Halt To New Data Centers Weeks After Issuing Moratorium."

Not surprisingly, this hostile environment is snuffing out most enthusiasm for data center prospects. To wit: there are only two publicly traded companies that focus solely on building data centers: Equinix and Digital Realty Trust, and their share prices have fallen between 1 and 2% this month. This is very troubling when one considers that data-center companies had been expected to account for roughly one-third of all listings for the remainder of 2026, per NYT sources.

It also doesn't help that among the data center companies seeking to go public, there’s a wide dispersion of operating track record and history and customer concentration. Most projects are in the early stages, leaving the companies vulnerable to execution risks.

Investors say that is one of the risks giving them pause about SB Energy.

SB Energy has agreed to build, own and operate a data center in Ohio, which is fast becoming an epicenter of the political debate against and public outcry data centers.  

And while SB Energy has huge ambitions (as noted above, the biggest data center it plans on rolling out will be the world's biggest when completed) it has yet to put one into operation. Worst still, despite its non-existent track record, the company projects a revenue backlog of $439 billion that it will receive over roughly 20 years beginning in 2028, mostly from the Ohio data center

Last week, with the IPO still in the works, SB Energy tried to win over investors by hosting a call with OpenAI’s chief financial officer, Sarah Friar, and its head of infrastructure, Sachin Katti, who discussed the merits of the Ohio data center. Some investors said SB Energy’s decision to present senior executives from OpenAI - the company’s core tenant - showed its awareness of the skepticism.

In the end, it wasn't enough since the IPO has now been delayed. While SB Energy released its financials on Sept. 1, it is not expected to go public before mid- to late October, later than its original schedule.

According to the NYT, two people familiar with the company’s plans said they both wanted the option to go public in September and to also give investors more time if needed to get comfortable with its future plans and its financials.

Why? Well, the recent collapse in token prices and the surge in Chinese open-weight models which has grabbed market share from US frontier models, such as OpenAI, may have something to do with it.

Looks like today may be a record day for token volume % of open models on Vercel AI Gateway:

🟦 Open 78.4% 🟨 Closed 21.6%

While spend 💲 usually tells a different story, #3 and #4 today are Moonshot AI & DeepSeek. Adding Z⁠.ai, their combined spend surpasses OpenAI (#2).… pic.twitter.com/vFMh3xEt83

— Guillermo Rauch (@rauchg) September 19, 2026

To be sure, some companies have had more luck than SB Energy: Nscale, which has plans to develop data centers across the globe and counts Anthropic and Microsoft among its customers (because there really are just 4 or 5 customers in the world that can make a dent right now, and these two are among them), disclosed its finances Friday in preparation for a public offering in October. Bankers and investors say it could be the first test of how the market will price these deals in this more discerning environment.

“You cannot be long on artificial intelligence and not be supporting infrastructure build-out because this has to go hand in hand,” said Harmol Samra, chief executive officer of Host Digital, a data-center developer.

Well... you can. You just don't have to lock yourself in to the first valuation that comes along. 

Take Hyperion, aka Project Beignet, Meta's original project financing template (which has been adopted by virtually all subsequent data center developments) and its its massive 5GW New Orleans Data Center, which - like all other projects - will be completed some time in the 2030s.

When it first came to market with the gargantuan (total investment now is $50BN and rising fast) data center, Meta issued $27 billion in bonds to fund the project. This was (and still is) the single biggest investment grade offering in the world. 

Well, after it traded up to 110 cents on the dollar shortly after the break, the bonds due 2049, which were priced to yield 6.581%, have since sunk pretty much in a straight line, and are now trading near all time lows less than a year after their issuance, last seen just over 94 cents on the dollar...

... and blowing out in spread from 140bps originally to 210bps now, much to the Chagrin of the project's biggest bond investor, Pimco, which holds about $15 billion of the debt. 

For those asking what can possibly break the stock market party, where various AI-linked stocks have pushed the market to record highs even as most stocks keep dropping (today we just had the 6th day in a row of more 52 week lows than highs), look no further than the chart above, and also follow what happens to the SB Energy IPO. Since it can't be pulled, SoftBank will end up having to downsize it (and the project's valuation) significantly, meaning it will have to find even more sources of capital who will demand even more preferential terms, and so on, until the big picture turns either much more attractive (don't expect that to happen if Democrats sweep in November) ... or much worse (which will happen if China continues capturing LLM market share and pummeling token prices) at which point SoftBank will have to pull the plug.  

Which, incidentally, would would have devastating consequences for Sam Altman's OpenAI IPO, as two of the five most important data centers of the company's Stargate initiative - Project Jupiter and SB Energy, which collectively would account for over 10GW in compute - go dark. 

Tyler Durden Tue, 09/22/2026 - 23:14

Scottie Scheffler revealed the one thing that has frustrated him and his American teammates regarding team events, and it has nothing to do with the event itself. 

Kim Jong Un Touts Hypersonic Missile Test: 'Incurable Headache' To Enemies

North Korea has continued to try and instill fear into Washington and Seoul, on Sunday firing two short-range ballistic missiles toward the Sea of Japan.

However, these were apparently new military toys in the arsenal, with state media touting "a new type of weapon" - which Kim Jong Un later described as capable of giving "the enemy an incurable headache and a very cruel and unavoidable blow."

Kim further said the test, which was conducted by North Korea’s Missile Administration, showcased the armed forces' ability to fight and that "the enemy will know better what such progress means without any explanation."

As for what makes this a 'new' weapon which is special and out of the ordinary, Space.com details:

But photos suggest that it involved a short-range missile topped with a hypersonic warhead, according to NK News, a Seoul-based publication that focuses on happenings in the Hermit Kingdom.

Hypersonic vehicles travel at least five times faster than the speed of sound and are highly maneuverable. They are therefore much harder to track and intercept than ballistic missiles, which, though very fast, follow predictable trajectories.

DPRK state media

Kim further hinted at this when talking about his country's possession of "ultra-modern defense technology."

The pace North Korean missile tests have been steadily ticking up.

During the first Trump administration, Kim met the US president on a series of occasions. While historic, it didn't lead to the kind of breakthrough on 'de-nuclearization' that Washington and Seoul were hoping for, and Pyongyang has gone back to being on the extreme defensive.

🇰🇵 "An incurable headache for adversaries"

On September 20, Pyongyang conducted tests of a new hypersonic missile under the personal supervision of Kim Jong Un.

Released footage revealed, for the first time, flight data for a missile designated "Hwasong-11B-1." According to… pic.twitter.com/1HqDRJ0IeD

— dana (@dana916) September 22, 2026

The White House has lately signaled it would like to get back on a direct diplomacy track with Pyongyang, but North Korea has been blistering angry over recent US-South Korea military drills on the peninsula.

Tyler Durden Tue, 09/22/2026 - 23:00

Brandon Nimmo is enjoying this new chapter of his career with a chance for a postseason return.

Christian school brings in survivors of oppressive regimes as public opinion shifts toward socialism

At the United Nations, President Donald Trump told CNN's Kaitlan Collins she "should not be here," amid a lawsuit over the White House banning three news outlets.

"Those 43 people on Flight 93 were not victims. They were killed in action. When I hear anyone suggest America 'deserves 9/11' my question is, ‘Who would say that?’" Todd Beamer's dad says.

The Yankees will not accomplish the chief goal of their regular season, which will make their chief goal of the postseason harder to accomplish.

The Raiders have surprised just about everyone with how they’ve started the season. Through two games, Kirk Cousins has 413 total yards with six touchdowns and a 67.8 completion percentage. Las Vegas Raiders quarterback Kirk Cousins (8) looks to throw a pass against the Los Angeles Chargers during the first half at SoFi Stadium. He...

Elon Musk Is Powering The American Renaissance

Authored by Victor Davis Hanson via The Daily Signal,

Editor's note: This is a lightly edited transcript of today's video from Daily Signal senior contributor Victor Davis Hanson. Subscribe to the YouTube channel to see more of his videos.

Hello, this is Victor Davis Hanson for the Daily Signal.

There's a lot of controversy about Elon Musk. His reputation took a big hit, remember, right after the election, because half the country voted, roughly 48%, voted against Donald Trump. Elon Musk had flipped from a former Hillary Clinton supporter and Joe Biden supporter to a firm MAGA adherent and voted for Donald Trump in 2024.

As a result of that and his comments opposing illegal immigration, there were people who not only were demonstrating against [Immigration and Customs Enforcement], but attacking Tesla dealerships. Everybody said that Elon Musk's brand had suffered accordingly, that Tesla was on the way down, that European and American [electric vehicle] makers, along with Chinese EV makers, would dominate the market, given the tarnishing of the Musk brand and in conjunction with the end of the federal subsidy for electric vehicles.

So, people were suggesting that the era of Elon Musk was over. He was very controversial, and he was outspoken on his own platform, X, on conservative issues such as illegal immigration, green energy, [artificial intelligence] in ways that infuriated the Left. And the Left, remember, was considered the natural consumer of electric vehicles.

So, are we watching the decline of Elon Musk? No. No, no, no. The exact opposite is happening. In the second quarter of 2026, Tesla had a rebound, and it captured 52% of all the EVs sold in the United States. It has a market capitalization of $1.2 trillion. The other "Big Three" automakers are beginning to exit the EV market.

China cannot send their EVs into the United States. Why did Tesla rebound? Was it because all of a sudden Elon Musk had a fight with Donald Trump for a while? No. Was it because he apologized to the Left? No. It's because when you buy a Tesla and you drive it and you compare it with other brands of the Big Three in terms of distancing, acceleration, safety, appurtenances, it's not just better, but it keeps getting better geometrically, at a geometric rate, not just an arithmetic.

It has the best program for self-driving. It's the safest. It has the longest range. It's the most fun to drive, and people like it regardless of their politics. If you move to SpaceX, 67% of all the satellites in low orbit around the world today are associated with Elon Musk's SpaceX company - 67%, over 12,000 satellites.

The market capitalization of SpaceX is well over $2 trillion - $2 trillion. SpaceX, with its various rockets, has saved a morbid, calcified, ossified NASA. It alone, with its rocketry and space vehicles, has put the United States not just back into the so-called space race and return to the moon and eventually to Mars, it's made it preeminent over the Europeans, the Japanese, and the Chinese. More importantly, it's given the United States enormous technological advances in rocketry, ballistic missiles, which have a definite military component to them.

When Elon Musk paid an exorbitant fee for X, people felt that he had made an enormous mistake, that it was overpriced. And yet, people were saying that users would abandon him and go elsewhere. In fact, that has not happened. That has not happened. There are 560 million users of X today. BlueSky, the alternative that was supposed to break X, has 3 million users.

Three million versus 560 million users.

And remember that his Starlink satellite platform has captured 97% of all satellite internet usage.

There are 12 million people who have a Starlink receiver and are subscribers in 160 countries. Most of the U.S. military and our allied militaries, including the Ukrainians and the Israelis, count on Starlink to guide their missiles and their drones, to protect them from incoming attack.

Let's just put all of this in some kind of perspective.

In terms of market capitalization, Elon Musk has well over $3.5 trillion in his various companies. SpaceX is the largest and it's the most dominant, and it will either ensure that the United States is first in space exploration and satellite launching.

And, by the way, more satellites were launched on Elon Musk rockets last year than all of the satellites launched elsewhere put together. In addition to that, he created the electric vehicle market. It did not exist. He created the idea. Everyone said it would not work, that he was going to go broke, and he was finished.

He not only created the Tesla electric vehicle, he made it preeminent and dominant today. And he did it because, for the price and a cost-benefit analysis, it was unmatched. In terms of Grok, it is about third. About 16% of all AI platforms and chatbots use Grok. So, let's just keep that in perspective.

The United States is preeminent today in social media, in artificial intelligence, in satellite launches, in the number of rocket launches in general, in electric vehicles. And all of that put together is due to one person, Elon Musk, who has been reviled and attacked by the Left as either treasonous or insane or cruel or whatever.

One man has combined the talents of Alexander Graham Bell, Thomas Edison, and Henry Ford all in one person, and he's an American. In other words, much of the success of the United States' current renaissance in digital media, in satellites, in electrical vehicles, in AI, in software is due to one person. One person can make a difference. In the case of Elon Musk, he made a big difference.

We publish a variety of perspectives. Nothing written here is to be construed as representing the views of the Daily Signal.

Tyler Durden Tue, 09/22/2026 - 22:35

By the time the second period dipped under 12 minutes, Semyon Varlamov had replaced his baseball hat with his goalie helmet on the Islanders’ bench.