Robert Johnson

Leopold Aschenbrenner Favorite Neoclouds In 2026: $CRWV +18%🟢 $IREN +35%🟢 $APLD +19%🟢 $RIOT +87%🟢 $CLSK +648%🟢 $BITF +188%🟢 $BTDR +92%🟢

SpaceX $SPCX is planning to go public on June 12. It's the biggest IPO in history and will instantly reprice the entire space sector. These are the key space sectors to watch: Launch Service Providers $RKLB Rocket Lab $FLY Firefly Aerospace Space Imaging $PL Planet Labs $SATL Satellogic $GSAT Globalstar $BKSY BlackSky Technology $SPIR Spire Global $HAWK HawkEye 360 Satellite Communications $ASTS AST SpaceMobile $GSAT Globalstar $SIDU Sidus Space $SATS EchoStar $IRDM Iridium Communications $ETL Eutelsat $TSAT Telesat $GILT Gilat Satellite Networks $VSAT Viasat Space Infrastructure $RDW Redwire Space $LUNR Intuitive Machines $MDA MDA Space $VOYG Voyager Space $YSS York Space Systems Speciality Materials $CRS Carpenter Technology $MTRN Materion $HXL Hexcel $ATI ATI $GLW Corning $PKE Park Aerospace Aerospace & Defense $RTX RTX Corporation $LMT Lockheed Martin $KTOS Kratos Defense & Security $VOYG Voyager Space $LHX L3Harris Technologies $NOC Northrop Grumman $BA Boeing $AIR Airbus $HO Thales Space Components $TDY Teledyne Technologies $APH Amphenol $KRMN Karman Space $RBC RBC Bearings $PH Parker Hannifin $AME AMETEK $VELO Velo3D $GHM Graham $HEI Heico $DCO Ducommun $ATRO Astronics

I've analyzed every stock in Leopold Aschenbrenner's most recent disclosure. There are 2 that got my attention. He's 25 years old, and his fund grew from $250 million to $13.6 BILLION in less than two years. He outperformed every fund over the last 12 months. Check this out: SHAZ: Australian GPU neocloud IPO'd on NASDAQ in February 2026. Market cap around $966 million. Already sitting on $2.2 billion in total contracted value. Anchored by a $1.25 billion ESDS deal and a $950 million Asia Pacific contract. Both ramp in H2 2026. $2.2 billion contracted on a sub-$1 billion market cap. TE: T1 Energy The only US pure-play in domestic solar module and battery manufacturing. Aschenbrenner initiated a brand new 10 million share position worth roughly $44 million. T1 just hit its first profitable quarter ever. Q1 revenue beat expectations by 34% ($177M vs $132M). First US factory already online. Second one under construction in Texas. If they close the Q2 financing for the Austin fab, the path to $375 to $450 million in annual EBITDA by 2027 becomes the base case. That puts TE at roughly 4x forward EBITDA versus peers at 8 to 12x. The thesis is the same on both names. Long the bottlenecks of AI. T1 is the domestic energy bottleneck. SHAZ is the GPU compute bottleneck. Both are still under $3 billion in market cap. These are two of the smallest, earliest bets in his entire book. We track and analyze insider trades so you don’t have to. Turn on notifications so you don’t miss our next alert. This is EXTREMELY important. If you don’t follow us right now, you might regret it later.

ASPI ASP Isotopes Laser-based enrichment technology for HALEU and medical isotopes. Sub-$1B market cap. If their tech actually works at scale, they break Centrus’s monopoly. If it doesn’t, it goes to zero.

Update: Leopold's tracker continues to fly Start of May: $9,000,000 Today: $27,000,000 The Leopold Aschenbrenner tracker in two months is currently up ~73% According to his recent filings, he entered the year managing $5.29B That portfolio is now expected to have nearly doubled

I still own $IREN because I think the market is underestimating both the $NVDA alignment and how hard its power footprint is to replicate. If the company can turn ~5 GW of secured power into Nvidia-aligned AI cloud capacity then the market may start valuing the 10x gap between its power base and near-term AI cloud needs.

THE COMPUTE CAPACITY BOTTLENECK $GOOGL just admitted Google Cloud is leaving revenue on the table because it cannot build capacity fast enough with shifts the bottleneck to companies with the power, real estate & operational scale to deploy AI compute: 1. $NBIS building the AI-native cloud layer through vertically integrated GPU clusters & software optimized for training + inference. $NVDA just wrote wrote a $2B check & Nebius now has a $46B contracted backlog, anchored by ~$19B $MSFT deal & ~$27B Meta partnership through 2032. 2. $IREN building the renewable-powered AI compute layer by turning low-cost power into GPU cloud capacity. The pivot to AI cloud is now backed by a ~$10B $MSFT contract, 2.9 GW of grid-connected power expanding to 4.5 GW+ & targeted 140K GPU buildout that could drive $3.4B of ARR by year-end 2026. 3. $DOCN building the agentic inference cloud layer for developers & long-tail AI workloads. AI customer ARR is up 150% YoY to $120M, over 70% comes from inference services & $1M+ customer ARR is up 123% to $133M. 4. $CRWV building the dedicated AI cloud platform for frontier model developers. The company has ~$67B of contracted revenue backlog (nearly $88B including Anthropic) with major commitments from OpenAI & Meta. 5. $CIFR building the Google-backed AI data center layer through contracted power & hyperscale leases. Barber Lake has 300 MW fully contracted with Fluidstack (Google backstops $1.4B with a ~5% equity stake) and AWS signed a separate $5.5B 15-year deal for another 300 MW of capacity. 6. $WULF building the power-backed AI compute layer through long-term data center leases. Lake Mariner has 360 MW tied to Fluidstack backed by a $3.2B Google guarantee & new Abernathy JV adds 168 MW over 25 years representing $9.5B in contracted revenue with $1.3B of Google lease support. 7. $APLD building the purpose-built AI data center layer through its Polaris Forge 1 campus in North Dakota. The full 400 MW critical IT load is contracted to CoreWeave under ~15-year leases worth ~$11B in expected revenue with first 100 MW delivered in Q4 2025 & another 300 MW targeted through 2027.