Lighter Note

• Its texts like the “stolen Trackman" that keep me coming back to X. The comments are just 🤣
• Play When I grow up.
• Jarrod Isacman is so good as head of NASA!

Golf Data with Claude

Markets

Markets are raging!!

• VGT, QQQ and VOO  60%, 43% and 30%
• IGV up 36% since April 10
• Micron. OMG: 10x in last year. WOW.  10T club

Investing in CEOs: Tesla, Nvidia, Palantir. 

529 and 401(k) and Mega Backdoor Roth

SpaceX 

Tesla executive on the # of clicks required to buy a car. Amazing!! 

Blue Origin 

• Blow up.
• Turns out Rockets are Hard to build. 

SpaceX - Memo. 

• Brad Gerstner SpaceX DataCenters!

Plain English Competitive Advantages

1. Elon Musk. Talent density. The best engineers in the world want to work at SpaceX. Hard Stop.
2. Manufacturing: Hardware and Software

• Similar to Tesla. 
• They own the supply chain, the manufacturing and the software. Perfect integration. Long head-start! 80% of launches and maybe the only one profitable. 

1. Tesla partnership:
   1. Real-world AI. Chip manufacturing. 
   2. Same VP of Materials Engineering (example). 
2. Headstart: 
   1. Not generally a great “moat”, but in this case they are so far ahead. Could be decade.  Who else can build a raptor? 
   2. Reusable rockets. Blue Origin just accomplished this feat last year.