Kenny

Building @ArcadeBetX

[Bloomberg Originals @bbgoriginals]

The next frontier of AI may not be on Earth. As SpaceX and other companies fuel a space boom, players around the world are racing to build data centers in orbit — betting the future of computing lies beyond our planet https://t.co/JYgfMJYE2g

[Shaun Maguire @shaunmmaguire]

I think most investors are misunderstanding how soon orbital compute will ramp

99% of the difficulty was Starship

The satellites themselves are a similar level of complexity as Starlink

The bottleneck is Starship, which I believe is almost here

[Scottie Pippen @ScottiePippen]

Most people see the result.

Very few understand the obsession it takes to get there.

[Szymanski @Szymansk_ii]

Next time you think of giving up, remember this photo of Elon in 2008.

[Kenny @kenny]

@coltybrah @PalmerLuckey I've been waiting on that flight jacket for a while now!

[Kenny @kenny]

@KobeissiLetter Just a matter of time until it’s sitting at #1

[Kenny @kenny]

This is incorrect. I’ve owned X since it went private. X did not turn into 100% of SpaceX. X was valued at $33B in the xAI deal which made it about 29% of the combined X and xAI entity. Then when SpaceX bought xAI, xAi was valued at about 20% of the combined SpaceX and xAI entity.

So old X exposure became roughly 5.8% of the final SpaceX and xAI company. At a $2T valuation, that equates to twitter ultimately having a 117B value from the original $44B Twitter take private value or roughly a 2.7x not a 40x!

[Sebastian Orellana @Saint_pablo123]

Being a Nepo baby has to be one of the most dull miserable life experiences of all time

[@jason @Jason]

Congratulations to the SpaceX team on all their extraordinary accomplishments and including so many folks in the IPO milestone.

Excited to visit the moon base

[Shaun Maguire @shaunmmaguire]

This was an absolutely massive win for @Saronic

And by extension the broader US Defense Tech Ecosystem

And also the American Warfighter

I’m not an investor in Saronic but believe in giving praise when it’s due

Bravo 👏

[Muskonomy @muskonomy]

NEWS: Big Short investor Steve Eisman, on SpaceX and Tesla merger, "that'd be the last thing in the world I'd want him to do."

The context. Some investors, Gene Munster among them, think folding Tesla into SpaceX is close to inevitable. Eisman wants no part of it.

And his reasoning lands as a backhanded compliment. It says the rocket and Starlink business is the prize, and bolting Tesla on would only weigh it down.

[Kenny @kenny]

@DanteTheDon He’s trash i saw him smash a giant bottle sending glass into the crowd and he wouldn’t shut up telling the crowd to stop filming him

[Kenny @kenny]

@scotto2050 Probably cowboy space

[Bearly AI @bearlyai]

SpaceX amended its S-1 to show a new contract with Google paying $920m a month for compute (or $11B a year).

Combined with annualized Anthropic contract ($15B), SpaceX is selling $26B a year in compute.

That is 40% more than SpaceX’s entire revenue in 2025 of $18.7B.

[chud.eth @chud_eth]

Hilarious:

Gnosis Ltd (the entity that took $30m/yr of DAO money and produced $400k of revenue for it) claims that there's some activist investors vying for a 'buyout at a premium', and how unfair this is to remaining GNO holders.

Let's fact check that a little...

We approached Gnosis Ltd saying that trading below NAV wasn't acceptable, need to close the discount. They agreed, and said they agreed with the NAV posted on their dashboard. Great.

Then they randomly changed the dashboard and added 250k GNO from nowhere, 20% of circulating supply, ($30m/yr funding proposal was made on the premise that equity like claims would be extinguished => Ltd held GNO isn't circulating for NAV)

Then they offered to OTC us out with a 7d TWAP. I know that they've been turning off buybacks unilaterally every time they agree one of these, so declined, and said that OTC at NAV was where we were at. (@Balancer @karpatkey did you know you both got rinsed on this btw?)

Then they come out talking about how we are greedy and want an OTC at a premium (nice framing, ignoring that you trade at a negative operational valuation and we just wanted NAV - i.e. $0 value for the ops), without the actual greedy reintroduction of 20% of supply for no reason.

Now, they are cutting their enormous 150 head count to a still ridiculous 110, for an entity making $400k/yr of ops revenue. They're planning to focus on 3 nepotism-driven products (Circles is the pet project of two of the three co-founders and is the absolute lowest PMF of any Gnosis product, for example). They are inviting a governance proposal to buy back to NAV (One already exists to pro-rata redeem any GNO that wants to exit at NAV), but also say that people pushing for GNO to trade at NAV are greedy (not the ppl extracting tens of millions for no return though!).

We aren't going to let these guys continue to drain GNO holders' cash. GNO will trade above NAV for the first time in years and Gnosis Ltd, who are unlikely to be a service provider of the DAO in 3 months, can go and look for a new gravy train. The current proposal, and any successive ones, must not be buybacks at the whim of people who have been shown to lie, pilfer, and dilute people on the other side of their incentives.

Our path forward sounds much fairer for GNO holders to finally trade >NAV than the status quo of having $30m taken every year for no return, and random introduction of supply to dilute the already dwindling NAV some more.

[Brian Feroldi @BrianFeroldi]

Warren Buffett talking to Peter Lynch:

[Jack Kuhr @JackKuhr]

Voyager Starlab CEO Marshall Smith hopped on the show to chat NASA's proposed changes to CLD and the Starlab station.

“We’re not building the ISS. We’re building a single system that we can build on the ground. We can test on the ground in its entirety. Launch it, and it’s ready to go roughly within literally weeks."

"And that is a huge, huge cost savings, so we can get our costs down dramatically.”

We covered:
- Proposed CLD changes
- Docking to the ISS
- $90M Starship contract
- Status of Starship's fairing
- Thoughts on the station market
- Station economics
- Starlab's hardware progress

@itsmoislam

[Philip Johnston @PhilipJohnston]

Jensen just walked on stage to the @Starcloud_-1 deployment video at @NVIDIA’s GTC Taipei! 😍👌🚀

Video courtesy of @SpaceX 🙏🙏

[Curiosity Films @Curiostyfilms]

@Starcloud_, the space datacenter company that has inspired SpaceX to IPO, has announced that it will integrate SpaceX Starlink mini laser terminals across over 25 satellites within the next year.

[Kenny @kenny]

@kevinxu Stay humble and don’t show off money to flex on the on people that are clipping Panda Express coupons now