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Feb 17
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LONG
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Tom Mackenzie
Anchor, Bloomberg
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"Anthropic... hitting a snag... trying to put a guard rail to stop it to be used for... mass surveillance... or autonomous weapon systems. The Pentagon seems to be pushing back hard... opens the door for OpenAI, Gemini or Grok to get a piece of the action." The Department of Defense has a mandate for lethal/surveillance AI. If Anthropic refuses on ethical grounds, the massive government contracts will flow to competitors who are willing to comply (OpenAI/Microsoft, Google/Gemini, xAI). The Pentagon views ethical restrictions as a "supply chain risk." LONG the "compliant" AI providers (GOOGL, MSFT) and private equity exposure to SpaceX/xAI. AVOID Anthropic-linked vehicles for defense exposure. Public backlash against "killer AI" developers; changes in Pentagon procurement policy. |
Bloomberg Markets
Stock Futures Slide; US, Iran Hold Talks in G...
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Feb 16
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LONG
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David Fickling
Opinion Columnist, Bloomberg
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China has applied to launch 203,000 satellites, but currently has no reusable rocket technology comparable to the Falcon 9. SpaceX has 10,000+ satellites and launches 2,000+ per year. China is resorting to "regulatory tricks" (filing for slots) because they cannot compete on hardware. SpaceX has an insurmountable 5-year lead in Low Earth Orbit (LEO) infrastructure. LONG (via private shares or TSLA as proxy). The valuation is justified by a near-monopoly on the future of the internet (LEO). Rapid technological breakthroughs by Chinese aerospace state-owned enterprises. |
Bloomberg Markets
Laopu Gold, CATL Added to Hang Seng Index | T...
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Feb 14
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WATCH
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Unknown Speaker
Financial Commentator/Analyst
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"It basically ruled against what XAI is doing as far as like there's certain standards that you have to meet for some of these generators... I think are going to slow that stuff down." XAI's strategy of rapid deployment using on-site gas generators is facing a direct regulatory wall. This could delay their model training and infrastructure rollout compared to competitors using grid power. WATCH. Monitor if they can pivot to compliant power sources quickly. Significant delays in compute capacity coming online. |
CoinDesk
Here’s why bitcoin miners are beating traditi...
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Feb 13
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LONG
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Jim Cantrell
CEO, Phantom Space (Co-Founder SpaceX)
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"The real restriction bottleneck is launch... Launch is a very, very high moat... Investors as they're looking at the future of space and where to invest, you look at those who control launch." In a gold rush (Space Data/AI), the bottleneck is the most valuable position. Launch providers are the "bridge" across the river. Furthermore, Hyperscalers are the primary customers with the capital to pay for this access to secure unique data for AI models. Long the owners of launch infrastructure (SpaceX, Phantom Space) and the capitalized clients driving demand (Hyperscalers). High capital intensity, regulatory delays (FAA/Federal ranges), and technical failure risks inherent to rocketry. |
Bloomberg Markets
Building Data Centers in Space
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Feb 13
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LONG
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NASA / SpaceX Commentator
Mission Control
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"Ignition and liftoff. Go, Falcon. Go, Dragon... Stage two appears to have ceased and land burn has begun." The successful launch and booster recovery further validate SpaceX's reliability and dominance in the commercial space sector. While SpaceX is private, continued operational success strengthens the "Musk Premium" often reflected in Tesla (TSLA) stock sentiment and increases the valuation of private SpaceX equity. Bullish on the Musk ecosystem; operational success supports the long-term valuation of SpaceX and sentiment for TSLA. High valuation multiples; execution risk on future missions; TSLA fundamentals diverging from SpaceX success. |
Bloomberg Markets
NASA Sends Crew to Space Station in SpaceX Ca...
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Feb 13
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LONG
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Eirik Lie
CEO of Kongsberg Defense (Incoming CEO of Kongsberg Group)
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"You'll see also the space segment... taking a leading position for this new space segment there also for military purposes." Space is no longer just for communications; it is now a contested military domain ("underwater domain" and "space segment" linked). This validates the valuation premiums for companies involved in satellite launch, manufacturing, and data downlink (like Kongsberg's KSAT or SpaceX). LONG. Continued militarization of space drives recurring revenue for launch and satellite infrastructure providers. High capital intensity and technical failure risks in launch operations. |
Bloomberg Markets
Kongsberg Says Demand for Air Defense Systems...
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Feb 12
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WATCH
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Deirdre Bosa
Anchor/Reporter, CNBC Tech Check
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xAI "lost the co-founder who ran safety" and currently has "no dedicated safety function." Like OpenAI, xAI is stripping away safety brakes to maximize speed. This increases the probability of a catastrophic error or "hallucination" in their models, which Bosa notes is "consequential right now because the models are starting to improve themselves." WATCH (Safety/Tail Risk). Lack of safety guardrails leads to a product failure that invites government crackdown. |
CNBC
AI insiders sound the alarm on safety
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Feb 11
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LONG
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Vlad Tenev
CEO, Robinhood
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"So many announced private companies, including... space exploration companies and Frontier AI labs that are expected to be entering the public markets." Tenev is signaling a robust IPO pipeline. When high-profile "story stocks" (like SpaceX or major AI labs) go public, retail participation spikes. This creates a flywheel effect: high-hype IPOs draw users to brokerages, increasing volume and margin balances. LONG. Position for a resurgence in the IPO market and the specific sectors (Space/AI) leading it. Macroeconomic tightening could freeze the IPO window; valuation concerns for new listings. |
Bloomberg Markets
Robinhood CEO Still 'Tremendously' Bullish on...
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Feb 10
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LONG
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Howard Lutnick
Secretary of Commerce
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Lutnick notes that for some states (like New Hampshire), satellite was 21.5% of the solution, and explicitly states, "Sometimes satellite... works best." While Lutnick rejected SpaceX's specific "rider" demands, the admission that satellite is essential for 20%+ of difficult terrain (vs. 0% in pure fiber plans) cements LEO satellite internet as critical infrastructure eligible for federal funding. LONG SpaceX (via private markets or closed-end funds) as they secure a permanent slice of the $42B BEAD pie. Regulatory friction regarding service terms (the "rider" dispute mentioned by Shaheen). |
CNBC
Commerce Sec. Lutnick testifies before lawmak...
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