You start flipping through it.

• Rockets are launching into space and then landing themselves back on Earth.

• Cars are driving through major cities without anyone behind the wheel.

• You can have a full-blown conversation with artificial intelligence.

You'd probably think you were reading science fiction.

But here we are.

Every one of these technologies is real today.

More importantly, they're still advancing.

So let's play the same game again.

Jump forward another 10 years to 2036.

What does that newspaper look like?

• I think today's rockets have helped create an enormous economy in space, with thousands of satellites and businesses operating above Earth.

• I think vehicles have taken their next leap too, with electric aircraft carrying passengers above congested cities.

• I also believe today's AI chatbots will have evolved into voice AI agents we actually talk to – in our cars, restaurants, homes, and businesses.

Now here's what makes this interesting.

Every one of these trends is moving forward.

Yet every one of them is currently out of favor with investors.

Stocks in all of these industries have fallen sharply.

And in some cases, investors have practically stopped talking about them altogether.

I love setups like this.

Because the best time to invest in the future isn't when everyone is excited about it.

It's when nobody cares.

And right now, I see three opportunities hiding in plain sight.

#1: Buy the Dip in Space

A few months ago, space stocks were some of the hottest investments on Wall Street.

Rocket Lab (RKLB), AST SpaceMobile (ASTS), Intuitive Machines (LUNR), Redwire (RDW) and others soared ahead of the SpaceX IPO.

Then SpaceX went public, the excitement faded, and many of these stocks came crashing back down.

Meanwhile, the actual space economy will only accelerate over the next decade.

• Launches will become more frequent.

• Thousands more satellites will reach orbit.

• Direct-to-device satellite communications will expand.

• Governments will pour more money into space-based defense and surveillance.

• And falling launch costs will make entirely new businesses economically possible.

By 2036, the space economy will be dramatically larger than it is today.

That's happening whether space stocks are popular with investors or not.

Right now, they're not.

Good.

This selloff is giving us another chance to buy into one of the biggest emerging industries of the next decade – for cheap.

#2: Buy the Dip in Flying Cars

Flying cars are getting closer to becoming a commercial reality.

Joby Aviation (JOBY) and Archer Aviation (ACHR) have spent years designing, building and testing electric aircraft.

Both companies are in the final stages of FAA certification, testing real aircraft and preparing to carry their first passengers.

Now we're reaching the point where this industry could make the jump from development to actually carrying paying passengers.

I've seen the technology firsthand when I piloted a flying car myself – without an instructor or safety pilot onboard.

This is no longer some futuristic concept. The technology works.

Yet just as these companies are getting closer to commercialization, their stocks have been crushed.

Joby and Archer are both down roughly 70% over the past year.

That's a massive disconnect. And an opportunity for long-term investors.

#3: Buy the Dip in Speculative AI

When SoundHound AI (SOUN) was trading around $16, I had dozens of readers emailing me asking whether they should buy it.

Today, the stock trades around $4.

And you know how many emails I've gotten about SoundHound lately?

Zero.

That's backwards.

Over the next decade, AI will make the leap from something we type questions into to something we simply talk to throughout our day.

Your AI agent will know your schedule, manage your finances, book your travel, shop for you, control your home, interact with businesses and communicate with other AI agents on your behalf.

And we won't want to type instructions into a screen every time we need something done.

We'll just talk.

That's why I believe voice will become one of the primary interfaces for the AI economy.

And SoundHound is the purest public-market bet on that future.

Buy the Future While It’s Cheap

Ten years from now, I expect far more rockets and satellites in space, flying cars carrying passengers above our heads, and AI agents helping us along the way.

And honestly… I don’t think this vision is too far-fetched.

Because the technology is largely here today.

The opportunity is that investors have lost interest before the biggest growth phase has arrived.

Space stocks are down. Flying-car stocks are down. SoundHound is down.

Let’s use this selloff to buy the next decade at today's prices.

I read every single email I receive. I hope this Saturday email can clarify any questions you may have.

Let’s get to it.

I am a huge Elon Musk fan, and I have heard and read that Optimus is getting close to the point where Tesla will start ramping up production substantially in the near future. Which means they will need lots of materials and chips, etc. as that happens. Do you have any recommendations for companies poised to benefit from the upcoming Optimus ramp up in the near future? – John

Great question, John. The whispers I’m hearing about Optimus center around the number of actuators used.

Reportedly, 75–100 actuators could be used in each robot. Think of actuators as the robot’s muscles. They’re the small motors that allow Optimus to move its arms, legs, hands, and fingers.

If Tesla eventually builds millions of Optimus robots, it will need an enormous number of these components.

The challenge is that many of the potential suppliers are Chinese companies that aren’t easy for U.S. investors to buy.

Let me look more into this supply chain to find investable companies.

I appreciate your buy alert on EchoStar (ECHO). But you didn't mention the allocation, unlike the other positions in your Million Mission portfolio. – Alex

Hi, Alex. I bought 126 shares at $86/share.

You can see my portfolio towards the bottom of this email – and every other Saturday Q&A email as well.

Do you have any insight into the $100 billion facility Elon Musk is building in Vermilion Parish, Louisiana? Any picks and shovels stocks? Great column. I love it. – Josh

Hi, Josh. The announced Vermilion Parish site will be a spaceport designed to support thousands of SpaceX launches annually.

You could look at traditional picks-and-shovels companies like Nucor or Caterpillar. But I think the bigger investment opportunity is what happens because getting to space becomes dramatically cheaper and easier.

Companies like Redwire (RDW), Intuitive Machines (LUNR) and AST SpaceMobile (ASTS) come to mind.

If SpaceX really gets to thousands of Starship launches per year, it won’t just be good for SpaceX.

It would dramatically expand the entire space economy.

What if you guys are all wrong with AST SpaceMobile (ASTS)? Elon has before shown he can be a vindictive prick. What if he refuses to launch ASTS’s satellites? Or slow plays them, only sending up 4 or 5 when they expected 8/9+? – James

Very possible, James. This is why ASTS needs Blue Origin and Rocket Lab’s Neutron up and running ASAP.

Has AST SpaceMobile (ASTS) management had any comment on whether Elon will carry its satellites in his rockets, given they are competitors? – Arthur

No word yet, Arthur.

Although I do think this is a legitimate concern, Elon hasn’t historically been afraid to help competitors when it benefits the broader industry.

Remember, Tesla famously opened up many of its patents for other automakers to use.

And at the end of the day, SpaceX is in the business of launching satellites. If AST SpaceMobile is willing to pay for a launch, I don’t see Elon turning down the business simply because Starlink competes with ASTS.

Davis, Fannie Mae (FNMA) is down to $3.76. What happened? – Karl

Karl… great question. I’ll urge you to read my update yesterday after the stock spiked 20%.

But to answer your question, everything has happened except the one thing we were waiting for – Trump ending the conservatorship of Fannie and Freddie.

The wars in Ukraine and Iran demanded attention. Interest rates spiked. The midterms became a bigger focus. People thought AI was going to end humanity…

Ending the conservatorship simply fell down the priority list.

But that doesn’t mean it won’t happen eventually.

I knew from the beginning this wouldn’t be an overnight trade. The catalyst hasn’t happened yet, but my thesis hasn’t changed.

I’m sticking with Fannie.

Where Can I Read Previous Emails?

I constantly get questions regarding where to find previous alerts. Well, The Million Mission website is live and you can check out archived alerts here.

Portfolio Overview

Here’s what I’m currently holding in The Million Mission portfolio:

Fannie Mae (FNMA) – 3,500 shares @ $6.86/share

Nvidia (NVDA) – 200 shares @ $179/share

Micron (MU) – 50 shares @ $935/share

AST SpaceMobile (ASTS) – 100 shares @ $53/share

EchoStar (ECHO) – 126 shares @ $86/share

I’ve owned the stock for a year and a half.

At one point I was up 150%.

Now I’m down 50%.

Tis investing…

But the stock has been in the news recently. And yesterday it got a 20% boost after positive comments from Treasury Secretary Scott Bessent.

Let’s start from the beginning.

Details of My Fannie Mae Trade – From the Beginning

Fannie Mae’s business is actually pretty straightforward.

It buys mortgages from banks, guarantees those loans, and helps keep money flowing through the housing market so Americans can get things like 30-year fixed-rate mortgages.

Fannie makes money by collecting fees on the mortgages it guarantees and earning interest on mortgages and mortgage-backed securities it owns.

Then 2008 happened.

The housing market collapsed, Fannie Mae and its sister company Freddie Mac suffered enormous losses, and the federal government stepped in to keep them alive.

Both companies were placed into something called conservatorship.

The Treasury eventually pumped $191.4 billion into them.

Fannie received $119.8 billion.

Freddie received $71.6 billion.

But that bailout came with a steep price.

Fannie and Freddie initially had to pay the Treasury a 10% annual dividend on the money they received.

The government also received warrants allowing it to purchase 79.9% of each company’s common stock for next to nothing.

For existing shareholders, it was devastating.

Their shares collapsed in value.

But they weren’t completely wiped out.

Private shareholders still owned their shares, which meant they retained a potential claim on whatever value might eventually remain.

At the time, that looked like a lottery ticket with terrible odds.

Then things got even worse.

Fannie and Freddie often didn’t earn enough to pay their bills.

They had to borrow more from the Treasury just to cover the 10% interest.

Each year the hole got deeper.

By 2012, the Treasury decided to change the rules.

Instead of the original 10% dividend, Fannie and Freddie were required to send all of their profits to the Treasury.

And the timing couldn’t have been worse for shareholders.

The housing market was beginning to recover. Fannie and Freddie were becoming profitable again.

Shareholders essentially argued:

Hold on… back in 2008, you didn’t wipe us out completely. You left us with 20%. We held onto that through the worst of it. Now, just as the business is finally recovering, you change the deal so our stake is worth nothing? That’s not fair!

That decision sparked years of lawsuits and controversy.

And then something remarkable happened.

Fannie and Freddie became enormously profitable.

Since the bailout, the two companies have sent the Treasury more than $300 billion in dividends – far more than the $191.4 billion they originally borrowed.

If the bailout worked like a normal loan, you could argue taxpayers have been paid back with billions to spare.

But it didn’t work like a normal loan.

Those payments were treated as dividends rather than repayments of the government’s bailout.

So technically, Fannie and Freddie still owe a few hundred billion dollars.

And then came another major change.

Beginning in 2019 and expanded again in 2021, Fannie and Freddie were allowed to retain their earnings instead of sending all their profits to the Treasury.

The idea was to rebuild their capital so they could eventually stand on their own again.

And that brings us to why I find Fannie Mae so interesting today.

The government no longer has an incentive to hold onto Fannie and Freddie because it’s not collecting profits every quarter.

But the Treasury does hold warrants allowing it to acquire 79.9% of Fannie’s common stock.

Those warrants could become extraordinarily valuable if Fannie is eventually released from conservatorship and recapitalized.

So the government has an enormous financial incentive to resolve the conservatorship and monetize its investment.

That could involve a massive capital raise and public stock offering.

And if Fannie finally returns to private ownership, the shares that survived the entire ordeal could suddenly become extremely valuable again.

Billionaire investor Bill Ackman has even put numbers to it.

He believes under a fair restructuring, the stock could be worth $34 per share.

His logic is simple.

The government already made back its money.

It’s not making any more after the 2021 deal.

What’s left should go to shareholders.

79.9% to the government.

20.1% to the public.

That’s why I own Fannie Mae.

It’s not a quick trade.

And it’s not without risk.

But it’s a bet that freeing Fannie and Freddie will be good for both sides – the government which can finally sell their stake for billions and the shareholders who’ve waited over a decade for a fair shake.

Here’s the Latest on Fannie Mae

Shares spiked 20% yesterday on comments from Treasury Secretary Scott Bessent.

"I would imagine that next year, [or] the year after, we will be tackling the ownership structure," Bessent said in an interview.

This is the first time we’ve heard a meaningful comment about Fannie and Freddie from a top government official in months.

There have just been bigger priorities competing for Washington’s attention:

• The war in Iran

• The war in Ukraine

• Interest rates rising

• AI ending humanity fears

Ending the conservatorship simply hasn’t been a priority.

That’s been frustrating as a shareholder. But Bessent’s comments are a reminder that the idea hasn’t disappeared.

More importantly, he gave us something we haven’t had in a while: a timeline.

Maybe it happens next year. Maybe it happens the year after.

I don’t know.

But my investment thesis hasn’t changed.

I bought Fannie because I believe the government will eventually end the conservatorship and return the company to private ownership.

Bessent’s comments are the first indication in months that Washington is starting to think about that process again.

I’m sticking with my shares as the details are hammered out.

Here are the highlights:

SpaceX Isn’t a Space Company

“You don’t bring mom and dad the report card home early if you didn’t get great grades!”

Well… Elon Musk moved SpaceX’s third quarter earnings report up by two weeks.

And his grades were spectacular!

• Revenue: $14.6 billion vs. $12.7 billion expected

• Earnings Per Share: $0.35 vs. $0.13 expected

Here’s how launches stack up year-to-date:

Starlink subscribers are ramping up:

But remember… SpaceX isn’t a “space” company.

It’s an AI company.

SpaceX said so itself in its S-1 – the 300+ page document companies file before they IPO.

SpaceX’s Total Addressable Market by Segment

Total addressable market is the total amount of money a company could theoretically make if it captured 100% of a particular market.

• SpaceX estimates the TAM for Space is $370 billion.

• Connectivity (Starlink) is $1.6 trillion.

• Meanwhile, the TAM for AI is $26.5 trillion.

Again… SpaceX isn’t a space company.

It’s an AI company. And the financials they just released prove it.

The Space segment is consistently the lowest revenue-generating segment.

Connectivity (Starlink) has historically generated the majority of SpaceX’s revenue.

But AI is quickly becoming the growth engine of the business.

Revenue from the segment has already tripled from its 2025 total.

Most of this AI revenue is coming from cloud computing.

SpaceX owns and operates massive data centers packed with computing power that it rents to companies building and running AI models.

Increasingly, SpaceX is competing for the same workloads as hyperscalers like Amazon, Microsoft, and Google.

And it has already landed several major customers:

• Anthropic Deal: $1.25 billion per month (valued at over $40 billion total through May 2029).

• Google Cloud Deal: $920 million per month from October 2026 through June 2029 (totaling $30 billion over 32 months).

• Reflection AI Deal: $150 million per month starting July 1, 2026 (valued at $6.3 billion total through 2029).

• Undisclosed Customer: $1.11 billion per month scheduled to start December 1, 2026 ($13.3 billion per year).

SpaceX is investing heavily to meet this growing demand for its AI compute power.

Meanwhile, just $3.8 billion was invested into Space and $4.2 billion into Connectivity in 2026 year-to-date.

Yes… the company literally named SpaceX is now spending 10x more money building AI infrastructure than it is building its space business.

That tells you where Elon believes the biggest opportunity lies.

Other Things to Note:

Tesla-SpaceX Merger – Musk confirmed that both SpaceX and Tesla have formed special committees of independent directors to explore a potential merger.

Because Musk has interests in both companies, he said he is considered a “conflicted party” and cannot participate in the committees’ discussions.

He did caution that a merger is not “a certainty,” however.

But when asked whether he personally thinks combining the companies would be a good idea, his answer was clear: “Yes.”

Supply Constraints – Elon noted that the shortage of power, cooling, and infrastructure are major bottlenecks – not chips right now. Let’s see what this news does to Nvidia, AMD, etc.

But it’s also a vote of confidence for AI suppliers like Credo, Amphenol, Corning, Bloom Energy, GE Vernova, and more.

Elon’s Living in Memphis – Elon said he’s now spending four days a week at SpaceX’s Memphis data center, personally working to get the company’s massive supercomputing cluster online.

Once again, this proves where his priorities are right now: AI.

I believe the stock could double.

But I'll admit, EchoStar isn't the easiest company to understand.

Fortunately, you don't need to understand every nuance to understand why I bought the stock.

My investment thesis comes down to three questions:

• What does EchoStar own?

• What does EchoStar owe?

• What's left for shareholders?

That's it.

And when I run the numbers, I get a value that's roughly twice what Wall Street is currently valuing the company.

Let me show you the math.

Let’s Start With What EchoStar Owns

The biggest asset is one you should be very familiar with: SpaceX.

EchoStar owns 262 million shares of SpaceX after selling wireless spectrum to the company.

At current SpaceX prices, those shares are worth right around $40 billion.

Note: The current market cap of ECHO is only $25 billion.

In other words, the SpaceX stake alone was worth considerably more than the entire company.

And there’s more…

EchoStar also sold spectrum to AT&T and SpaceX for tens of billions of dollars in cash.

Between those transactions, the company has roughly $32 billion in cash.

Plus EchoStar still owns additional spectrum that hasn't been sold.

Spectrum is the wireless frequencies companies use to transmit data. Think cellular networks, satellite communications and other wireless services.

Because there's only so much desirable spectrum available, these licenses can be extremely valuable.

Estimates for EchoStar's remaining spectrum range from $5-10 billion.

Now add everything together:

• SpaceX stake: $40 billion

• Cash: $32 billion

• Remaining spectrum: $5–10 billion

Total Assets: $77–82 billion

This is the first half of the equation.

Now let’s subtract the bills.

Here’s What EchoStar Owes

EchoStar has debt of approximately $18 billion.

Then we have an unknown liability amount.

After selling much of its spectrum, EchoStar no longer needs all the cell-tower infrastructure it previously agreed to use.

Of course, the tower companies aren't simply letting EchoStar walk away.

There could ultimately be another $5–10 billion in liabilities associated with those agreements.

So let's subtract both:

Total Assets: $77–82 billion

Minus: $18 billion in debt

Minus: $5-10 billion in liabilities

That leaves somewhere around $49–59 billion for shareholders.

Now compare that with what I paid.

EchoStar's market cap is currently right around $25 billion – meaning EchoStar has the potential to double from here.

Why I Bought at $86

Notice how I didn’t even mention EchoStar’s ongoing business.

EchoStar still owns Dish, Boost Mobile, and Hughes, which generate billions of dollars in annual revenue.

I didn’t even need to assign value to them.

I'm not buying EchoStar because I expect Dish Network to suddenly start growing again or Boost Mobile to take over the wireless industry.

I'm buying EchoStar for the assets it already owns.

Even after subtracting the company’s debt and potential liabilities, I estimate those assets leave $49–59 billion in value for shareholders.

Compare that with the $25 billion valuation today, and there’s a lot of room for my estimates to be wrong and still make money.

Plus, I get one more thing I’m very happy to own along the way:

262 million shares of SpaceX.

If SpaceX continues climbing, so does the value sitting inside EchoStar.

That’s a setup I’m willing to bet on.

I read every single email I receive. I hope this Saturday email can clarify any questions you may have.

Let’s get to it.

First… A Buy Alert: EchoStar (ECHO)

I bought EchoStar this week in my Million Mission portfolio.

This is a straightforward idea that’s a bit difficult to explain.

So I’ll work over the weekend on how to simply explain this setup for all investor levels.

The short version is ECHO is a stock that’s got a stake in SpaceX worth over $40 billion, over $30 billion in cash from selling spectrum to SpaceX and AT&T, and a residual spectrum portfolio worth somewhere between $5-10 billion.

Subtract the company’s $18 billion in debt and $5-10 billion in money owed to cell tower companies… and you’ve got somewhere between $47 billion and $57 billion worth of equity value.

The market cap of the company is currently $25 billion.

Essentially, I expect this stock to double.

Stay tuned for a full writeup.

Although the problem is CoreWeave's business model, are there any specific companies that CoreWeave might bring down with it? For instance, Nvidia has been lending to companies buying its chips, and, if CoreWeave is a customer, could a default by CoreWeave adversely affect Nvidia? – Jim

Great question, Jim. CoreWeave’s current market cap sits around $38 billion while its debt load is around $50 billion.

To put this into perspective, Nvidia generates around $38 billion in revenue every 10 days and $50 billion in profit every quarter – with $10 billion to spare.

So Nvidia really isn’t the contagion story here.

The threat is that CoreWeave implodes → other “neoclouds” like Nebius and IREN implode as well → AI data center spending craters because of the lower demand for data center components etc.

This is the gist. Except I think it’s overblown and not realistic right now.

The AI buildout isn’t stopping. We’ve had countless scares like this over the last few years. Let’s revisit this topic in a week or two when investors start focusing on the next shiny new object.

How do you cope when you know your stocks will turn around (eventually) but know they have to rise 400-500 percent just to get even? I’m invested in AST SpaceMobile, Rocket Lab, and Intuitive Machines. – Tracy

Hi Tracy, I can’t see on a chart where any of these stocks have fallen enough to require a 400-500 percent gain to break even. But I understand the general direction of your question.

Unfortunately, losses are part of the game. I’ve got plenty myself – including on ASTS just this week.

But the long-term space trend is still very much intact. And I’m putting my own money to work to buy at these depressed prices.

One recommendation I’d have is to reread the article I posted on Wednesday: Save This Investing Tip for 2031.

But this time, ask yourself: If you had a time machine, when would you travel back to NOT buy this stock?

Seemingly, you bought at the absolute worst time when FOMO was high and investors were piling into space stocks.

Let’s learn from this in the future.

I read your recent email message "REVISED": My #1 Stock Market Indicator with great interest. Since then, I've gone to Yahoo Finance looking for the "Analysis" tab to no avail. It does not appear in the top row of tabs, and I've drilled down into subtabs but I haven't found it. – Ray

Hi, Ray. Thanks for the email.

1. Type a stock ticker into the Quote Lookup bar.

2. The Analysis tab will appear across the top row.

What is your take on Piper Sandler’s downgrade of AST SpaceMobile (ASTS) and how can one analyst put it at $54, another at $98, and another at $115? Keep up the good work. – Brett

Thanks for the question, Brett. Piper Sandler downgraded ASTS to Neutral at a $54 target, citing SpaceX launch risk.

This really is a problem for ASTS. Will Elon refuse to launch a competitor's satellites? Rocket Lab and Blue Origin aren’t helping the situation with their launch delays.

Ultimately, ASTS will get its satellites into orbit. And the company is one of the best partners for Verizon, T-Mobile, and AT&T to compete against Starlink.

As for the price targets… These are always all over the place. They’re always wrong. They’re constantly revised late. And there are plenty of politics that go into these numbers. So take them with a grain of salt.

Where Can I Read Previous Emails?

I constantly get questions regarding where to find previous alerts. Well, The Million Mission website is live and you can check out archived alerts here.

Portfolio Overview

Here’s what I’m currently holding in The Million Mission portfolio:

Fannie Mae (FNMA) – 3,500 shares @ $6.86/share

Nvidia (NVDA) – 200 shares @ $179/share

Micron (MU) – 50 shares @ $935/share

AST SpaceMobile (ASTS) – 100 shares @ $53/share

EchoStar (ECHO) – 126 shares @ $86/share

If you find yourself chasing down an alien who just stole a flying saucer, plans to escape Earth, and could potentially wipe out the entire human race in the process, I've got the car for you.

This exact problem comes up in Men in Black.

Tommy Lee Jones and Will Smith are pursuing an alien when they hit traffic in the Queens–Midtown Tunnel.

Not ideal when humanity is on the line.

So Jones tells Smith to "push the little red button."

The car transforms, shoots up the tunnel wall, flips upside down and races across the ceiling above traffic.

Alien pursuit: back on.

Humanity: saved.

For nearly 30 years, that scene was pure Hollywood.

Then last night, Elon Musk unveiled the new Tesla Roadster.

The Little Red Button Is Real

I'm not exaggerating when I say the car revealed last night belongs in Men in Black.

During the demonstration, the Roadster drove up a curved wall until it was completely upside down – and it stayed there.

Then it reversed back down, accelerated up the ramp again, launched into the air, and used thrusters to rotate itself mid-flight and landed back on the pavement.

Next, the car drove toward a lineup of vehicles that included a Cybertruck, Cybercab, Model Y, Model 3, and Tesla Semi, and then using its thrusters to flip over them and land safely on the other side.

You truly need to see this to believe it.

Flying cars are officially here.

Tesla Engineering VP Lars Moravy said at the event that the Roadster uses a fan-powered suction system underneath the car that can generate up to 2 g's of downforce, allowing the car to drive completely upside down.

The thrusters that allow the car to lift vertically, he said, were borrowed from SpaceX.

The car has 10 such thrusters connected to an advanced ultra-high-pressure air tank that automatically recharges, allowing drivers to execute these maneuvers whenever they want.

Elon was then quick to ask the obvious question:

“How often do you really want to stick upside down in a car?”

“Probably not that often,” he answered.

“But it does have an actual benefit on the track.”

All that downforce means the Roadster can corner incredibly well because it's being sucked against the pavement.

“So it’s going to crush every track record that’s ever existed,” Musk said, before adding:

“This is not necessarily a safety-optimized car, but it takes the fun meter to 11 out of 10.”

The last event of the night was to test the starting speed of the car.

Could the car go from 0-60 mph in less than one second?

The answer is yes.

The car went from 0–60 mph in just 0.81 seconds. And Elon believes the production version will be even faster.

His only hesitation?

“Possibly detaching the retina of the human in the car” if they make it too fast.

Oh Elon…

So… When Can You Buy One?

Tesla says the new Roadster will begin production in 2028.

No word on cost yet. But you can reserve yours today with a small downpayment of $50,000.

And while we still don’t know exactly what the final production car will look like, last night answered a few big questions surrounding Tesla and the Roadster:

• The Roadster is real – and it’s insane. It drives upside down, launches itself over other vehicles using SpaceX-inspired thrusters, and goes from 0–60 mph in 0.81 seconds. Musk has been teasing these capabilities for years. Now we’ve actually seen them demonstrated.

• The Roadster isn’t going to move the needle for Tesla’s stock. This isn’t a Model 3 or Model Y designed to sell millions of cars. It’s a low-volume technological showcase designed to push the limits and show the world what Tesla – and SpaceX – are capable of building.

• Tesla and SpaceX continue to move closer together. This may be the most interesting part for investors. SpaceX propulsion technology is now literally being built into a Tesla. The technological and financial ties between Musk’s companies continue to grow, which only strengthens my belief that Tesla and SpaceX will eventually become one company.

Here’s a link to the event so that you can watch for yourself.

I highly recommend it.

See for yourself how, nearly 30 years after Men in Black imagined a car that could drive up a wall, upside down, and over traffic…

Elon Musk built the real thing.

And how is this single stock tanking the rest of the market?

To understand why AI stocks are suddenly getting crushed, you need to understand what’s happening behind the scenes at this one company.

CoreWeave is a builder and operator of massive AI data centers.

It buys thousands of Nvidia GPUs, puts them inside data centers, and rents that computing power to companies that need it to build and run AI models.

Business has been booming.

CoreWeave has massive contracts with companies like Microsoft, OpenAI, Nvidia, and Meta.

But there's a catch.

Building AI infrastructure is incredibly expensive.

Before CoreWeave can collect years of revenue from these customers, it has to spend billions buying GPUs, securing power, and actually building data centers.

While companies like Amazon and Google can fund much of their spending with the enormous amounts of cash their existing businesses generate… CoreWeave can’t.

So it borrows.

A lot.

CoreWeave’s $50 Billion Problem

CoreWeave has accumulated roughly $50 billion in debt and other financing commitments as it races to build enough infrastructure to satisfy demand.

For a while, investors were comfortable with that.

AI demand was exploding. CoreWeave was signing huge contracts. Lenders were willing to provide money.

Then something changed.

The cost of lending CoreWeave money started soaring.

Some of the company's bonds are now trading at yields above 16%.

Think of the yield as the interest rate investors demand to lend CoreWeave money.

The higher it goes, the more worried lenders are about getting their money back.

And 16% is expensive money.

Now, it’s important to understand that CoreWeave isn’t suddenly paying 16% interest on all its existing debt.

The interest rates on most of that debt was set when the company borrowed the money – averaging around 9-10%.

The problem comes when CoreWeave needs to borrow more – like for the roughly $20 billion more it’s expected to borrow this year.

If lenders now demand something close to a 16% return to finance CoreWeave, future borrowing becomes dramatically more expensive.

Hypothetical annual interest on $20 billion:

• 9% interest rate: $1.8 billion

• 16% interest rate: $3.2 billion

That’s a substantial additional burden for a company already spending billions on interest payments.

Why This Is Spreading Across the Entire AI Trade

CoreWeave's problems aren't staying contained to CoreWeave.

Investors are now starting to ask: What happens if the entire AI buildout becomes too expensive to finance?

Hundreds of billions of dollars are flowing through an enormous supply chain.

Data-centers buy Nvidia GPUs → Those GPUs require memory from companies like Micron and SK Hynix → They need networking equipment from Broadcom and Marvell → The data centers also need servers, cooling systems, and enormous amounts of electricity.

The supply chain goes on and on.

But what happens when financing becomes so expensive that spending slows?

That same supply chain works in reverse:

Fewer data centers means fewer GPUs → Fewer GPUs means less demand for memory → which means less demand for networking equipment, servers, cooling systems, power equipment and everything else required to build AI infrastructure.

That's why we're seeing the selloff spread from CoreWeave to memory stocks, semiconductor companies, data-center stocks, and practically everything connected to the AI buildout.

So… Is the AI Buildout Over?

CoreWeave's financing problems are real.

If borrowing costs remain this high, the company may eventually have to slow its expansion, issue more stock, or find another way to raise money.

But I'm not ready to turn CoreWeave's debt problem into an AI demand problem.

Microsoft, Amazon, Google and Meta are still spending enormous amounts of money building AI infrastructure.

Demand for GPUs remains strong. Memory remains in short supply. Data-center construction continues. The earnings outlook for many of the companies supplying the AI buildout remains strong.

And consider the sheer scale of what's being built.

There are currently more than 2,000 planned data-center projects in the U.S., representing an estimated $2 trillion-plus in investment.

So while CoreWeave's $50 billion financing problem is getting all the attention today, it's just a fraction of the money pouring into AI infrastructure.

And even if CoreWeave ultimately needs a rescue, there are plenty of deep-pocketed companies that need exactly what it owns: AI data centers packed with Nvidia GPUs and access to scarce power.

So for now, I’m sticking with the AI trade.

This pullback looks a lot like the countless previous pullbacks we’ve seen since the AI buildout began.

Every one turned out to be temporary.

And every one turned out to be a buying opportunity.

I bet this one is no different.

Pick a stock. Any stock.

Let's start with a company everyone knows: Apple (AAPL).

Pull up its five-year chart.

Apple Inc. 5-Year Chart

Now ask yourself one question:

If you had a time machine, when would you travel back to buy this stock?

I'm guessing you answered late 2022 or early 2023.

Maybe you chose mid-2025 too, when shares experienced another sharp decline.

Either way, you'd probably pick one of the low points.

Makes sense. We all want to buy stocks when they're cheap.

But let's take this one step further.

What was happening when Apple was trading near those lows?

Here are a few headlines from late 2022 and early 2023:

• Apple hits seven-week low after Barclays downgrade on demand concerns – Reuters

• Apple and Tesla: Tech shares tumble amid supply issues – BBC

• Apple's market cap falls under $2 trillion as sell-off continues – CNBC

Not very positive, huh?

Investors were worried about slowing iPhone demand, supply chain disruptions, and the broader economic outlook.

Apple had lost over $1 trillion in market value from its peak.

And if you were following the financial news every day, you probably weren't feeling particularly excited about buying shares.

Yet looking at the chart today, that's exactly when you wish you'd been buying.

Let's try another stock.

Here's the five-year chart of Meta Platforms (META).

Meta Platforms (META) 5-Year Chart

This one is even more interesting.

If you could travel back at any point in the last five years, when would you buy Meta?

Late 2022 is the obvious answer.

Meta bottomed during the week of October 31, 2022.

Shares collapsed 75% from their 2021 highs.

Today, that looks like one of the greatest buying opportunities of the decade.

But what were investors thinking at the time?

Here were some of the headlines surrounding that bottom:

• Meta shares plunge 24% to the lowest price since 2016 – CNBC

• Meta investors panic as Zuckerberg doubles down on Metaverse – CoinGeek

• Meta stock craters over bleak forecast and expensive metaverse bets – Reuters

Again, the news wasn't great.

Mark Zuckerberg was spending billions building the metaverse.

Investors were questioning whether he had lost his mind.

Advertising revenue was under pressure. Expenses were exploding. Wall Street was downgrading the stock.

Shareholders were heading for the exits.

But looking back, that's exactly when you wanted to be buying Meta.

Which brings me to what's happening in the stock market today.

What’s Really Changed?

Over the last two weeks, investor sentiment has taken a sharp turn for the worse.

AI stocks have been hit particularly hard.

Suddenly, the financial news is filled with reasons to worry.

Here are the biggest concerns:

The OpenAI Revenue Scare: The Financial Times reported OpenAI's annualized revenue was closer to $50 billion than the $70 billion investors had previously heard. That spooked AI investors. But much of the discrepancy comes down to how sales through cloud partners like Microsoft Azure are counted – not evidence that AI demand suddenly collapsed.

Interest Rates Are Rising: This is worth watching. But Treasury yields have actually fallen over the past week while the stock selloff has accelerated.

The War In Iran: Higher oil prices and further escalation are real risks. But this is something we'll just have to live with. Trying to predict Trump's next military strike or Iran's response is a losing endeavor – and certainly not something I'd build an investment strategy around.

None of these concerns have fundamentally changed the businesses we're investing in.

• Hyperscalers aren't canceling their AI infrastructure projects.

• Demand for computing power hasn't disappeared.

• Companies aren't suddenly abandoning the massive data centers they've spent years planning.

Yet stocks are moving lower and investors are panicking.

It’s starting to feel a lot like Apple in early 2023 or Meta in late 2022.

Of course, if you actually traveled back to those moments, you wouldn't know Apple was near a bottom or that Meta was about to begin an incredible run.

But the best buying opportunities rarely feel like buying opportunities when you're living through them.

I think that's exactly what we're experiencing today.

Five years from now, I bet we’ll be pulling up charts and pointing to this period the same way we point to Apple in early 2023 and Meta in late 2022.

We'll wonder why everyone was so scared.

Because from where I'm sitting, the long-term opportunity hasn't changed.

Just the short-term sentiment.

I suggest you invest accordingly.

You've invested hundreds of billions of dollars in infrastructure, accumulated millions of customers, and established yourself as one of the dominant players in your industry.

Then one day, Elon Musk announces he's coming after your business.

Investors panic.

Your stock – and the stock prices of your competitors – plunge 10% in a day.

This is what happened to America's largest wireless carriers last week.

On Thursday, SpaceX announced an agreement to acquire more wireless spectrum, another major step toward becoming a full-fledged mobile wireless provider.

Friday’s market reaction was brutal.

• Verizon plunged nearly 9%.

• AT&T fell almost 10%.

• T-Mobile dropped more than 13%.

But here's my question.

Are these companies supposed to just roll over and die?

Or do you think it’s more likely that if SpaceX is threatening their business with high-quality wireless service from space… these companies also begin offering high-quality wireless service from space?

No business degree needed here.

It’s probably the latter.

And there’s one company that suddenly just became a lot more important because of it.

Investors Are Getting AST SpaceMobile Wrong

AST SpaceMobile (ASTS) also plunged 10.5% on the SpaceX news.

That’s because SpaceX is ASTS’s biggest competitor.

And because SpaceX just took another major step toward becoming a global wireless provider, investors sold ASTS without thinking twice.

But investors are missing the bigger picture.

AST SpaceMobile is actually one of the biggest beneficiaries of SpaceX's expansion into wireless.

ASTS is building a network of satellites that connect directly to ordinary smartphones, allowing people to make calls, send texts, and access the internet in places without traditional cell coverage.

And its business model is particularly interesting.

ASTS doesn’t want to compete directly with existing wireless carriers like SpaceX.

ASTS partners with existing wireless carriers.

• Customers keep their phones.

• They keep their carriers.

• And when they travel beyond the reach of a cell tower, ASTS keeps them connected through satellites.

ASTS already has commercial agreements with AT&T and Verizon.

And they’re expected to play a big role in the joint venture formed by AT&T, Verizon, and T-Mobile to expand satellite connectivity across the U.S.

And now that SpaceX is directly infringing on these existing carriers’ territory, these companies have a few options:

• They can spend billions of dollars and years building their own satellite networks.

• They can build out their satellite coverage with ASTS – a company they’re already partners with.

• Or they can roll over and die.

Clearly, the second option makes the most sense.

And AST SpaceMobile’s strategic position just became a whole lot more important because of it.

Buy Alert: AST SpaceMobile (ASTS) @ $53/share

I’m using Friday’s selloff to add AST SpaceMobile to my Million Mission portfolio.

Investors saw SpaceX acquire more spectrum and immediately concluded that a stronger SpaceX means a weaker ASTS.

The reality is different.

The bigger the SpaceX threat becomes, the more important satellite connectivity becomes to AT&T, Verizon, T-Mobile, and other carriers around the world.

They already have the customers. They already have the spectrum. And in the U.S., the three largest carriers have already joined forces to expand their satellite capabilities.

ASTS gives them the missing piece: a satellite network that works with them rather than against them.

That brings me back to my original question.

SpaceX is coming after the largest wireless companies in the world.

I’m betting they don’t roll over and die.

I’m betting they fight back.

And I’m betting AST SpaceMobile helps them do it.