SRD Innovation Fund

Investing in frontier technology companies shaping the future.
AI • Defense • Robotics • Space
Portfolio : SpaceX, Groq, Perplexity, Cerebras, Replit & more

[SRD Innovation Fund @srdinnovation]

True that electricity cost is not a factor.

Space will absolutely dominate deployment time and scale.

When you move the complexity into a factory from the wild, one can win on scale big time, imagine deploying a data center in a couple of days compared to going through complex building permits.

[Techmeme @Techmeme]

Masayoshi Son questioned Musk's orbital AI data centers, noting electricity is just 7% of costs and the AI race will be won on Earth within a few years (@timkhiggins / Wall Street Journal)

(Visit Techmeme dot com for the link and full context!)

[SRD Innovation Fund @srdinnovation]

Open weights models don’t mean anything, if you don’t know how the model was trained.

[unusual_whales @unusual_whales]

Anthropic accused Alibaba, $BABA, of illegally extracting the capabilities of its Claude AI model in what it says was its largest known attack, per Reuters.

[SRD Innovation Fund @srdinnovation]

Full stack of memory needs to be reinvented.

Right from file systems, controllers, all the way to solving for the memory wall.

[Wall St Engine @wallstengine]

Samsung and SK Hynix are reportedly preparing huge AI investment announcements next week.

Samsung Group is expected to unveil a ~$646B, 10-year spending plan, roughly one-third of South Korea’s 🇰🇷 annual GDP.

[SRD Innovation Fund @srdinnovation]

Waiting for really fast tokens! One of our portfolio names!

[Cerebras @cerebras]

Packed room. Line around the block.
Why? Because everyone wants to go faster.
Appreciate everyone who showed up.

[SRD Innovation Fund @srdinnovation]

@mcuban @SpaceX solves this!

[SRD Innovation Fund @srdinnovation]

America needs the best technology!

America wins when Anduril wins.

🇺🇸

[Evan @StockMKTNewz]

The United States 🇺🇸 Army has awarded Anduril a contract with a total value of as much as $20 billion to buy software, hardware and services from Anduril

The agreement establishes a single procurement vehicle to speed up timelines. The agreement includes a five-year base period along with another five-year optional ordering period - Bloomberg

[SRD Innovation Fund @srdinnovation]

The next phase of AI progress will be defined by compute architecture and inference speed.

Seeing @cerebras infrastructure come to AWS is a strong signal of where the stack is heading.

Proud to be investors from 3+ years
https://t.co/hNtZaeFHco

[Cerebras @cerebras]

https://t.co/vkcW82kC3P

[SRD Innovation Fund @srdinnovation]

If SpaceX enters the S&P 500, it would mark a major shift:

Space infrastructure becoming part of the core global economy.

The frontier stack is forming — space, AI compute, robotics, and AI-native software

https://t.co/Qb7b5QkdBK

[Sawyer Merritt @SawyerMerritt]

Potentially massive news.

S&P is considering changing its rules for how companies join the S&P 500 Index, a move that would potentially fast-track @SpaceX’s entry after its IPO.

The rule change could mean that SpaceX would see a wave of billions of dollars in forced buying. Funds that track the index must buy newly added stocks, and roughly $24 trillion is tied to the S&P 500.

Unlike other indexes, there has been no fast-track for joining the S&P 500. Companies need to meet criteria including having a market capitalization — the value of outstanding shares — of at least $22.7 billion, be domiciled in the US and be a public company for 12 months. But that could soon change. Any decision to allow a new entrant is made by a committee.

The Nasdaq is also considering a proposal to speed up the inclusion of newly listed, large-cap firms in the widely followed Nasdaq 100 benchmark, and FTSE Russell has launched a consultation on the treatment of large IPOs in its Russell US Equity Indexes.

[SRD Innovation Fund @srdinnovation]

Which frontier technologies will matter most in the next decade? Did we miss something?

[SRD Innovation Fund @srdinnovation]

The next trillion-dollar companies won’t look like the last ones.
The frontier stack is forming:
Space → @SpaceX
AI models → @xai
AI compute → @GroqInc / @cerebras
AI-native software → @Replit
We’re exploring these opportunities at SRD Innovation.
Join us to learn more