The Securities and Exchange Commission, with which American listed companies file their reports. Chapter 10.
From The AI Compute Race. Read the book
Where the book uses it
- Chapter 10 — The Lender’s Decision
Who is lending the money and who bears the loss: the bonds, leases and guarantees behind the largest campuses, and how the paper reaches ordinary retirement accounts.
Where the record uses it
- Campus Project Matador / HyperGrid
Sources that use it
- Anthropic, “Anthropic confidentially submits draft S-1 to the SEC,” announcement published under Rule 135 of the Securities Act, 1 June 2026 (“Today, Anthropic, PBC confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission for a proposed initial public offering of our common stock”; “The number of shares to be offered and the price have not yet been set”). In the Sources
- Holdings of the SpaceX $25 billion senior notes at 30 June 2026, from Form N-PORT filings in SEC EDGAR full-text search and from fund managers’ own holdings pages (EDGAR full-text census of Form N-PORT filings for the five CUSIPs through 31 August 2026, the statutory due date for June-quarter reports: 342 filings, 339 distinct fund series holding $3,571,275,000 of par at 30 June 2026 (14.29 percent of the issue); Vanguard Total Bond Market Index Fund $377,332,000 and Total Bond Market II Index Fund $360,850,000 of par (their own N-PORT filings of 28 August 2026, accessions 0000794105-26-000276 and -000277, carry $371.1 million and $354.8 million of fair value); Vanguard complex $1,050,585,000; Capital Group $545,613,000 across six American Funds; Loomis Sayles $320 million across three trusts; Bridge Builder $168 million; BlackRock Systematic Multi-Strategy Fund $56,795,000; first-party page disclosures located through 30 August 2026: Vanguard VCIT $192.3 million par of the 2033s (31 July); J.P. Morgan JPST $75.0 million of the 2031s (17 July); Capital Group American Funds Multi-Sector Income $67.0 million of the 2036s (30 June); Fidelity FBND $86.1 million across 2031/2033 (9 July); Schwab SCHZ all five tranches, $8.48 million of face and 0.0748 percent of the fund, at 27 August; CUSIPs 84615QAA1/AC7/AE3/AG8/AJ2; the census was run on 31 August 2026 and re-run on 23 September 2026 to take in the thirteen reports filed on the due date itself; the 31 August run had counted 329 filings, 634 position rows, 326 series and $3,410,999,000, and every other figure of this row is from that run unless it says otherwise; the holdings file of Schwab’s aggregate-bond ETF (SCHZ) as of 27 August 2026 carries face amounts and weights and no prices, and its weights put the 2056s about nine percent below the 2031s; the census reads only funds whose fiscal quarter ends in June, since a fund’s public report is for the last month of its quarter: the Vanguard intermediate-corporate index fund (VCIT), J.P. Morgan’s ultra-short ETF (JPST) and Fidelity’s total-bond ETF (FBND), whose own pages are read below, publish theirs for the ends of May and August and are not among the 339, Schwab’s aggregate-bond ETF (SCHZ) filed for 30 June under accession 0001410368-26-085363 and that report carries none of the five CUSIPs, and American Funds Multi-Sector Income’s report for 30 June, accession 0001193125-26-371078, is among them; the Schwab file is SCHZ_FundHoldings_2026-08-27.CSV on schwabassetmanagement.com, re-read on 3 October 2026, and two marks this row once gave from a reading of the live page that day, 97.91 and 93.85, are withdrawn). In the Sources
- OpenAI, “Confidential submission of draft S-1 to the SEC,” 8 June 2026 (OpenAI said it had recently submitted a confidential draft S-1, had not decided the timing and that “it may be a while”; the notice’s own words are “We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it”, made “pursuant to Rule 135 under the Securities Act of 1933”; it gives no submission date beyond “recently”, no share count, no price and no underwriter); Yahoo Finance, “OpenAI may delay blockbuster IPO to 2027,” 25 June 2026 (attributing the 2027 possibility to The New York Times, whose own report is at neither address here). In the Sources
- Alphabet Inc., “Final Terms — 6.125% Notes Due 2126,” SEC filing, February 2026 (£1.0 billion aggregate principal amount of 100-year sterling notes due 2126; five sterling series of £5.5 billion in all, trade date 10 February 2026, the 2126 notes at 120 basis points over the benchmark gilt). In the Sources
- Amazon.com, Inc., “Final Terms — Euro Notes Offering,” SEC filing, March 2026 (€14.5 billion aggregate principal amount, described in contemporaneous reporting as the largest euro corporate bond sale on record; eight tranches, a floating-rate note due 2028 and seven fixed to 2064; the euro offering’s final term sheet is dated 11 March 2026). In the Sources
And 10 more: search the Sources.
Related terms
From the glossary of The AI Compute Race.
How to cite this page
Dryburgh, Lee S. “SEC.” In The AI Compute Race. DRYBURGH. https://dryburgh.com/vol1/glossary/sec (accessed 2026-11-01).
BibTeX
@misc{dryburgh-sec-2026,
author = {Dryburgh, Lee S.},
title = {{SEC}},
howpublished = {In \emph{The AI Compute Race}, DRYBURGH},
year = {2026},
url = {https://dryburgh.com/vol1/glossary/sec},
note = {Accessed 2026-11-01}
}