Edited by Alex TokerPhosphate has multiple functions that direct the survival of all living organisms: in its organic form, P i is a component of genomic material, it serves as an energy currency, and it is ubiquitous in cell signaling. Thus, P i homeostasis is essential to life, but the mechanisms by which this occurs in humans and other metazoans are largely unknown (1, 2). Most of the previous work in this field of research has focused on yeast models (3-5). In particular, recent studies with Saccharomyces cerevisiae have revealed a new function in P i homeostasis for inositol pyrophosphates (5). The latter are soluble, intracellular signals that contain multiple phosphates and diphosphates; up to seven (InsP 7 ) 4 or eight (InsP 8 ) phosphates in total are crammed around a six-carbon inositol ring (see Refs. 6 -8 and Fig. 1). In S. cerevisiae, levels of one inositol pyrophosphate, 5-InsP 7 , track perturbations to P i homeostasis (5).This P i -sensing activity of 5-InsP 7 appears to reflect it being synthesized by a kinase class (kcs1 in yeast; IP6Ks in metazoans) that exhibits an unusually low affinity for ATP (9, 10). Consequently, cellular levels of 5-InsP 7 in yeast decrease in response to the drop in [ATP] that accompanies extracellular [P i ] depletion (5, 11). Furthermore, these ATP-driven changes in 5-InsP 7 levels appear to comprise a dynamic signaling response because 5-InsP 7 regulates proteins that maintain P i homeostasis through interactions with their SPX domains (5). However, it is not known to what extent this signaling response is applicable to metazoan cells, which lack orthologs of many of the yeast genes that function in P i sensing and P i homeostasis (2).