Thursday links: a bumpy ride

FinanceInvestment bank Lincoln International ($LCLN) went public. (pitchbook.com)What you need to know about evergreen funds. (caia.org)ETFsWhat you need to know about the Roundhill Memory ETF ($DRAM). (morningstar.com)The big ETF players are not afraid of taking each other on. (pionline.com)The vast majority of ETF flows are in cheap passive funds, but high fee active funds are surging. (morningstar.com)SpaceXThe SpaceX S-1 has dropped. (axios.com)Starlink is the jewel of SpaceX. (om.co)The VC returns on the SpaceX IPO would be unprecedented. (pitchbook.com)Anthropic is paying SpaceX $1.25 billion per month through May 2029. (axios.com)SpaceX has a Starship lauch coming up. (npr.org)AIPutting Nvidia's ($NVDA) profits into some sort of perspective. (spyglass.org)Anthropic is going to generate an operating profit in Q2?!? (wsj.com)Google ($GOOGL) has some inherent advantages in AI. (axios.com)Patrick O'Shaughnessy talks with Gavin Baker about the state of AI. (youtube.com)An OpenAI IPO