I’m getting a lot of questions about trimming $RKLB and the answer is I’m not.
This is the second source of the space economy and we are still in the earliest innings of figuring out how big the space economy actually becomes.
When something works this well, the instinct is to protect gains especially when you’re up ~15x and it’s grown into a large position but that instinct is usually driven by fear since one of the hardest parts of growth investing is sitting through volatility after you’re already "right" because every pullback feels like a mistake for not locking it in.
Selling early often produces worse outcomes than holding through noise particularly in industries that take a decade to fully reveal themselves. Just ask early $NVDA, $TSLA or $PLTR investors. Space is one of those industries and nobody truly knows how big it gets.
I’m comfortable being uncomfortable and I’d rather live with drawdowns than cut exposure to a ~$50B company that I believe is still in the early phase of a multi-trillion-dollar space economy.
China keeps finding ways to add power without waiting on land, permits or politics.
One example is a massive floating solar power plant built on water instead of land.
$NVDA highlighted that physical AI is shaping up to be a multi-trillion-dollar opportunity.
Here’s the Top 10 Robotics Index I would build:
1. $SERV AI sidewalk delivery layer
2. $ISRG surgical robotics standard
3. $TSLA real-world robotics engine
4. $RR hospitality automation stack
5. $SYM robotic supply-chain operator
6. $NVDA simulation-to-robotics platform
7. $KTOS autonomous tactical drone stack
8. $AMZN warehouse automation backbone
9. $PLTR real-world autonomy operating layer
10. Anduril AI command-and-control system for autonomous warfighting
Robotics is shaping up to be the biggest AI trade of all.
$NVDA will supply over 260K AI chips to Samsung, Hyundai & SK Group under a South Korean government-backed deal.
Samsung will build an AI facility and supply HBM4 memory, Hyundai will deploy Blackwell for manufacturing and autonomy & SK will launch an AI cloud for industrial use.
People see a couple red days and act like the AI build-out is cancelled.
This is a multi-trillion dollar infrastructure cycle that will run for years. If that’s the reaction then I’ll gladly take the other side.
I added $NBIS, $IREN & $CIFR this week.