AdvertisementBusinessMarketsWall Street ‘We let you down’: The child prodigy at the centre of a $28 billion Wall Street fire sale Rob Copeland August 3, 2026 — 6:10pm Save You have reached your maximum number of saved items. It borrowed huge sums — tens of billions of dollars — from Wall Street banks to make ever-bigger bets. Indeed, that appeared to have been on the minds of many on Wall Street on Thursday, as news of the company’s struggles broke. But that’s being treated on Wall Street as evidence of a reprieve rather than permanent proof that the implosion will be contained. The story of Situational Awareness is in some way an old Wall Street lesson learned by every generation and then forgotten by the next.