David George

SpaceX is led by the best entrepreneur of this generation, attacking the two largest markets of all time: space and AI. In space, the launch business is unrivaled — Starship can deliver football-field-sized payloads and land back on Earth with chopsticks — and Starlink has a $2 trillion TAM and a structural cost advantage. In AI, SpaceX operates the only 1 GW+ data center live in the US, giving it a massive technical lead. There is also enormous optionality, including the Terraab chip fabrication project with captive demand from Tesla and SpaceX, potentially creating a new chip company. Management has been excellent stewards of capital, the long-term competitive setup is exceptional, and this likely becomes the largest retail offering in history, broadening the shareholder base.

Regional banks like Huntington, PNC, and Citizens Bank offer better risk-reward trade-offs than the large money-center banks after their recent run-up, despite the strong trading-driven earnings from the big banks.

Regional banks like Huntington, PNC, and Citizens Bank offer better risk-reward trade-offs than the large money-center banks after their recent run-up, despite the strong trading-driven earnings from the big banks.

Regional banks like Huntington, PNC, and Citizens Bank offer better risk-reward trade-offs than the large money-center banks after their recent run-up, despite the strong trading-driven earnings from the big banks.