“it would be very interesting if we're seeing, you know, one deal a month … putting together the pieces of buying up Neo Labs and compute capacity”
SpaceX buys Cursor to fold a top AI-coding tool into xAI/Grok, extending its enterprise-AI reach off a record IPO.
“people read this as a bearish SpaceX take … imagine if Amazon started trading at SpaceX's price-to-sales.”
Market pays 150x sales for SpaceX's infrastructure dream while Amazon's real cloud-logistics moat sits near 3x.
“no sensor is perfect, right? … the fusion, the ability to fuse all that together into a coherent picture and also adapt to new sensors means that we can stop…”
Multi-sensor fusion is the C-UAS moat; fielded pure-plays with fusion win the contract wave to a $20B market.
“we've engineered a thermodynamic process that works really well in hot and dry climates, which is where most of the hyperscaling is happening right now.”
Most hyperscale buildout concentrates in hot, dry Arizona, swelling power load and rate base for the local utility.
“Apple fanboys … that's a whole class of consumer for Apple”
Snap's $2,195 AR glasses overpriced for the market; lacks Apple's wealthy buyer base or Meta's loss-leader scale
“Founders call lab plans "generous" because labs subsidize tokens; the consumption still feeds inference demand.”
Founders call lab plans "generous" because labs subsidize tokens; the consumption still feeds inference demand.
“if you're Whatnot or Kaushee at the moment, like, yeah, or Coinbase, like you're feeling pretty good about the fact that you are a marketplace business with…”
Coinbase a real-network-effect marketplace insulated from AI/vibe-coded disruption that's gutting SaaS
“We love ads. … I'm pretty confident that we'll be able to get Threads ads into a really good place there.”
Threads turns from a growth story into a high-margin ad engine, adding incremental revenue to Meta's core.