Musk Looks Up. China Looks Down
SpaceX wants a million AI satellites in orbit. China just switched on a wind-powered data centre under the sea. Both are chasing the same prize: cheap power and free cooling for the AI buildout.
Nobody’s Buying
Nobody’s Buying
Our major cities are reporting the worst auction weekend since the depths of COVID. The ASX will feel it next.
The Great AI Loss Leader
The Great AI Loss Leader
The Hyperscalers are betting trillions that AI will restore their golden cashflow era. The economics underneath it are far weaker than the share prices suggest.
Era of the Mega-IPO
Era of the Mega-IPO
With more massive IPOs expected from the AI trade I take a look at history to see what it has to say about our market in the mega-IPO era.
What Elon Knows
What Elon Knows
A US perspective on where investors should be looking if they want to find the next space race.
The Problem with Exponentials
The Problem with Exponentials
The difference between AI that can reliably handle two-hour tasks and AI that can handle multi-week tasks isn’t just more capacity. It’s a fundamentally different economic reality.
Don’t Chase the Rocket Pt. 2
Don’t Chase the Rocket Pt. 2
Part 2 of Charlie’s view on some durable themes that exist outside of the current market hype-cycle.
Don’t Chase the Rocket Pt.1
Don’t Chase the Rocket Pt.1
A chip earnings miss and a hot jobs report just vaporised trillions from US stocks. Before you chase the SpaceX IPO, understand the trap the Fed has walked into — and why it sets up the next decade’s trade.
The Spy Who Hacked Me
The Spy Who Hacked Me
The NSA is now using the world’s most powerful AI to break into foreign governments. Cybersecurity is a more durable theme than you think.
The Great Race Just Docked in Melbourne
The Great Race Just Docked in Melbourne
Aussies are fleeing volatile fuel prices for Chinese EV’s. But the promise of independence runs on a supply chain that leads straight to Beijing. For now.
