Jonny Doulton

Investment Director at Strettons, Commercial Property Advisor & Motorsport fan. Proud Dad. All views are my own!

[Emir M | Type-F Capital @em013L]

$RKLB I just did a deep dive into Rocket Lab, and I was surprised to find a high-quality business with a clear path to scale and profitability.

I assumed there was no money in Space; I was wrong.

Full report including valuation and business breakdown:
https://t.co/Yoa1YtAATe

[Rocket Lab @RocketLab]

Pre-flight testing with Hungry Hippo is underway 🦛 We're opening and closing the Hippo's two permanently attached fairing halves under flight-like conditions to simulate how they'll perform for Stage 2 deployment and Neutron's return to Earth.

After testing, Hippo will return to its hangar and wait to be attached with Neutron's interstage when it arrives in Virginia.

[Rocket Lab @RocketLab]

Rocket Lab is acquiring Iridium Communications Inc – one of the most transformative deals in the space industry.

By combining our launch capability and satellite manufacturing with @IridiumComm’s global satellite communications network and rare spectrum, Rocket Lab becomes a fully integrated, self-launching, tier-1 space power, delivering critical communications capability to millions of users worldwide.

Full details and important information: https://t.co/hj5aWrDPjz

[Ricardo @Ric_RTP]

In 19 days, a jury in Oakland is going to decide whether the entire legal foundation of the AI industry is built on fraud.

Everyone thinks the Musk vs Altman lawsuit is a billionaire grudge match.

Two egos, one grudge, a $150 billion damages number designed for headlines.

Easy to dismiss. Easy to scroll past.

That's exactly what Altman wants you to think.

Because what's actually on trial on April 27 is something much BIGGER than Elon's hurt feelings...

A jury is going to decide whether you can legally take billions of dollars in nonprofit donations, use them to build the most valuable technology in human history, and then quietly convert that nonprofit into a for-profit company worth $850 billion.

If the answer is no, the entire AI industry has a problem.

Because OpenAI is not the only company that did this:

Anthropic was founded by OpenAI defectors using the same nonprofit-first mission language.

xAI pitches itself as building AI "for humanity."

Every frontier lab has used the moral cover of "we're doing this for the good of the world" to attract talent, capital, and regulatory goodwill they would have never gotten otherwise.

An Elon win doesn't just touch OpenAI. It creates a legal precedent that every AI company built on a nonprofit or public benefit promise becomes vulnerable to shareholder and donor clawback suits.

That's why this case matters. And that's why Altman is panicking.

Just look at what he did this week:

Elon filed a motion demanding the court remove Altman and Brockman from their roles and FORCE OpenAI to return to its nonprofit origins.

Then he amended the suit to say if he wins the $150 billion, all of it goes to OpenAI's charity arm. Not him. Zero dollars to Elon personally.

That amendment was surgical. It stripped Altman of his entire public defense.

He can no longer claim this is about Elon's ego or Elon's bank account. Elon is now legally on record saying he just wants the mission back.

OpenAI's response was to panic-write a letter to the California and Delaware attorneys general asking them to investigate Elon for "anti-competitive behavior." Their strategy chief publicly accused Elon of coordinating attacks with Mark Zuckerberg.

They called the lawsuit "harassment driven by ego and jealousy."

That's NOT the response of a company that thinks it's going to win.

Real companies with real defenses don't ask the government to silence the person suing them 3 weeks before trial. They let the evidence speak.

OpenAI is scrambling because they know what's in discovery.
Elon's team has been building this case for two years. Emails, board minutes, internal conversations about the conversion.

The kind of paper trail that juries understand and executives can't explain away.

And the timing couldn't be worse...

OpenAI is trying to IPO at $852 billion. They just raised $122 billion. Microsoft has $135 billion of exposure to them.

A jury verdict that even partially sides with Elon in late April or May would crater the entire IPO runway and send shockwaves through every major AI investor on Earth.

This is why Altman spent the last 2 weeks doing press tours and policy blueprints and "super intelligence agendas" aimed at Washington. He's trying to REFRAME himself as the responsible statesman of AI right before a jury decides if he's a con artist.

Most people will watch this trial start and think it's celebrity drama.

The smart money is watching it and realizing that the legal foundation of the AI boom is about to be tested in court for the first time EVER.

And if that foundation cracks, everything built on top of it is at risk.

[Altcoin Daily @AltcoinDaily]

Why Ethereum is the greatest investment of the next decade (16 minute explanation):

[Keith Fitz-Gerald @fitz_keith]

Here are 8 reasons I see Tesla at $20 Trillion 👇🧵
$TSLA

[vitrupo @vitrupo]

Eric Schmidt says intelligence is about to decouple from us.

“The computers are now doing self-improvement.. They don’t have to listen to us anymore.”

Within six years: a mind smarter than the sum of humans -- scaled, recursive, free. We have no language for what’s coming.

[Sawyer Merritt @SawyerMerritt]

I think people should rewatch this presentation from @Tesla on how the Cybercab will be built, starting in 2026.

The Cybercab will use a revolutionary "unboxed" manufacturing process that will enable industry-leading cost efficiency. Here's @larsmoravy explaining what it means:

[Sawyer Merritt @SawyerMerritt]

SpaceX has released a new video of its 1-million square foot Starfactory.

[Jonny Doulton @JDoulton]

STARSHIP MAKES HISTORY! Full SpaceX Flight! https://t.co/AfNsbyUPMd via @YouTube

[Tesla Owners Silicon Valley @teslaownersSV]

Elon Musk is super human.

What would take everyone else a year, only took him 19 days.

[Tesla Hype @TeslaHype]

What did you get done this week?

Elon Musk: hold my beer

[Dr. Eli David @DrEliDavid]

I keep re-watching this and can't believe my eyes... This is f*cking insane!

Congratulations @SpaceX, @elonmusk 🚀

[J.K. Rowling @jk_rowling]

Watch this (whole thread), then explain why you’re OK with a man beating a woman in public for your entertainment. This isn’t sport. From the bullying cheat in red all the way up to the organisers who allowed this to happen, this is men revelling in their power over women.

[Warren Sharp @SharpFootball]

this BBC interview with a guy outside the security perimeter who claims he saw the shooter before he fired is absolutely wild

[Tesla @Tesla]

Tesla 2023 recap

Made possible by the hard work of our amazing teams around the world, and each of our owners & supporters.

Thank you for helping us continue to accelerate the transition to sustainable energy!

[Eva McMillan ♥️ @EvasTeslaSPlaid]

We need more love, less hate.