As production of Marauder continues to scale, we're expanding the infrastructure that supports every vessel from shipyard to delivery.
We're announcing our expansion to Gulfport, Mississippi, where we've established a dedicated Marauder on-water testing and commissioning facility at the Port of Gulfport. Our first Marauder is already undergoing on-water testing at the site, with trials running 12+ hours a day, seven days a week. Additional Marauders under construction at our shipyard in Franklin, Louisiana will follow the same path to Gulfport as production ramps.
Thank you to @SenatorWicker, leadership from the @PortofGulfport and the University of Southern Mississippi, and representatives from the offices of Governor @tatereeves, Senator @cindyhydesmith and Congressman @RepEzell for joining us on site to mark the facility opening.
We're proud to continue investing across the Gulf Coast. Read more here: https://t.co/ZfI5hmOKe3
Today, we're proud to announce the future home of Port Alpha: Brownsville, Texas.
Our next-generation shipyard moves from vision to reality through a planned investment of more than $3 billion to establish one of the world's most advanced shipyards, built for software-defined shipbuilding and autonomous maritime systems.
Port Alpha is expected to generate more than $160 billion in regional economic impact for Cameron County and $264.5 billion for the State of Texas, while creating up to 10,000 direct jobs — which makes it one of the largest economic development projects in modern Texas history.
More than a shipyard, Port Alpha represents a new model for American shipbuilding — combining advanced manufacturing, software-defined production, and autonomy at unprecedented scale. We're proud to continue building in Texas.
Learn more: https://t.co/02rXoR9vR4
The first US Bank of the year has just collapsed:
Metropolitan Capital Bank & Trust has been shut down and placed into receivership by the FDIC.
Here's what likely happened and how markets might react:
The Chicago bank was a community bank by asset size ($261M), but operated with the risk of a boutique investment bank.
They operated in three segments:
- Tech-Infused Sports
- Digital Media
- Niche Real Estate Construction
From public information, we're able to see high concentration of risk in these two volatile sectors.
Namely, TMRW Sports, the venture founded by Tiger Woods. The bank didn't just facilitate the equity; it lent against it.
By providing "secured stock loans" and "NAV-backed financing", the bank allowed investors to borrow money to buy into the SPV.
Since the TGL venture dropped and the investment was illiquid, the collateral for these loans likely became worthless. The borrowers, facing liquidity constraints, would default on the loans.
The bank also financed "strategic add-on acquisitions" for clients in the digital media industry and Niche Real Estate Construction.
The bank’s involvement in "gap financing" for construction projects was likely equally toxic. MCB&T’s "creative" gap loans likely suffered total losses on projects that stalled or were foreclosed as construction sectors in 2024-2025 faced difficulty.
Snippet reveals that MCB&T held $43 million in FHLB advances against $261 million in assets (~16.5% of the balance sheet was funded by FHLB borrowing).
A series of terrible investments/loans likely caused the bank to collapse.
_
Commentary:
You'll probably see headlines regarding bank collapses and silver trades.
Yes, community banks are designed to be conservative institutions but they this bank in specific took on a high-risk venture debt models.
This wasn't a bank run, just a terribly run leveraged investment fund.
But here's what to look out for:
$MCB - Metropolitan Bank Holding Corp is not Metropolitan Capital Bank.
The alpha is that if there's an algorithmic sell-off or short sellers mistaking the two, this would be a good buying opportunity.
$KRE - Looks like a buy if the sector sells off largely on "bank failure" headlines.
The bank ran a "casino" model on a community bank balance sheet, but this is isolated.
Look for commercial real estate exposure from small-cap Illinois/Midwest banks like CRE Loans or uninsured deposits ( > 50%) that might be affected.
However, this looks to be an extremely small regional bank and isolated incident so not much market opportunity here.
@LASHYBILLS Doesn’t look like the USA.. Cops don’t know what to do when a civilian has an AR. Haha though that isn’t wrong for some of the states too..