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SpaceX has just announced that they have entered into a $920 million per month agreement with Google to provide compute capacity, according to a new filing. "On June 5, 2026, we entered into a Cloud Service Agreement with Google with respect to access to compute capacity. The customer has agreed to pay us $920 million per month from October 2026 through June 2029, with capacity ramping up through September at a reduced fee. The compute capacity provided includes approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components. After December 31, 2026, the agreement may be terminated by either party upon 90 days' notice. The customer will retain ownership of, and intellectual property rights in, its content, Al models, and related data."

I decided to explore a model that literally beats private equity returns (30-50%+ IRR) Lots of opportunity, new ideas & timeless lessons for those acquiring traditional niche businesses: 1. If you buy at the right multiple you don’t need growth just time and debt paydown. 2. Great operators don’t transform businesses they preserve cash flow and stay out of the way. 3. You don’t need brilliance to win you need judgment and the discipline not to mess it up (Charlie Munger has said it a thousand times) 4. If it’s not recurring diversified simple and manageable by you don’t touch it. 5. The best business isn’t the one with the best numbers it’s the one you can run in your sleep. 6. If the owner is the business you’re buying a job not a company. 7. The fastest growth doesn’t come from ads it comes from listening to your customers. 00:00 Intro: The Hidden Giants Behind ETA 01:01 The Bifurcation of Search: Funded vs. Self-Funded 05:23 Sponsor: Scalepath 06:16 The Magic Is in the Multiples, Not Growth 09:51 What to Look For: 5 Filters for Great Acquisitions 13:58 Sponsor: Spacebar Studios 14:54 Red Flags That Quietly Kill Deals 19:01 Where Real Growth Actually Comes From 21:58 Why Great Operators Still Sell Too Early 25:51 The Real Search Process (And Why It Works) 29:45 More Money Than Time: The Real Reason to Buy a Business

I spoke with a member of the technical staff at Anthropic yesterday who is about to make $17 million. He's been there less than 2.5 years and is blown away by his equity value. His biggest worry now is tax strategy. His CPA told him to "max out his 401(k) and consider a donor-advised fund." While that's a great starting point, here's what makes even more sense: He's acquiring a 48 unit apartment complex in Phoenix for $14.5 million. We're running a cost segregation study to reclassify approximately 30% of the depreciable basis into 5, 7, and 15 year property. Here's the math: • $14.5M purchase price • ~$12.3M depreciable basis (excluding land) • ~$3.7M reclassified to short-life assets via cost seg • 100% bonus depreciation under OBBBA = $3.7M accelerated to Year 1 Plus standard Year 1 depreciation on the remaining basis adds another ~$315K. Total Year 1 deduction: approximately 4M. His wife is qualifying as a real estate professional 750+ hours, more time than any other activity. The loss is no longer passive. It offsets ordinary income. At a 37% federal bracket plus 13.3% California, that's a combined rate just over 50%. $4M × 50% = 2M+ in tax savings. Year 1. Layer in operating expenses, loan interest, and startup costs on the property, the total offset against his Anthropic income crosses $3 million. Not deferred. Not spread over 27.5 years. Meanwhile, the property cash flows. He's converted concentrated tech stock into a real asset producing monthly income. And he's done it all before he files the return on his equity windfall. This is what real tax planning looks like for tech liquidity. If you're an engineer, exec, or early employee sitting on a meaningful equity position and your CPA hasn't mentioned cost segregation, bonus depreciation, or REPS qualification, you're probably leaving seven figures on the table.

Andrej Karpathy's advice for beginners getting into AI: "Put in 10,000 hours of work." He's right. But most builders waste the first 1,000 hours on the wrong things. They write code before understanding context windows. They build agents before understanding token limits. They ship products before understanding what models can't do. The builders who compound fastest aren't the ones who code the most. They're the ones who understood the fundamentals before touching a single line. These are the 10 concepts that make the first 1,000 hours count ↓ Bookmark this before you start.