Glenn Hughes

The big money is made by finding something truly unique and misunderstood. Then focusing your research and drill five miles deep into the situation - and see if you hit a monster discovery/setup. Then you become the "axe" in the name and know it better than anyone. $SATS

Identity crisis shakes the tape, new horizons multiply 🚀 Old models break apart when hybrid worlds collide 😼 Orbital dreams grow larger every quarter passing by 🎩 Shorts still building fax machines, Legend mapped four digits high 📈 $SATS = 🔥Booster Rocket Moonshot @EchoStar

Tape jumping, Booster Rocket smoke in the air 🚀 Legend built empires when Wall Street priced despair 🎩 Shorts averaging up like pain unlocks rewards 😼 Hedge funds asking if margin calls qualify for airline miles 📈 $SATS = 🔥Booster Rocket Moonshot @EchoStar

Scorsese framed the skyline, Starship stole the night 🚀 SpaceXAI printed futures, shorts forgot their rights 😼 Legend bought Brass Balls Island, diversification died 🎩 $20T by ‘29 got hedge funds splitting Uber rides 📈 $SATS = 🔥Booster Rocket Moonshot @EchoStar

SpaceX Colossus: $100-200B annual revenue by 2030-32. At 20x forward revenue, that single business line pencils to $2T. Starlink and orbital compute are free. @chamath on @theallinpod podcastalpha.substack.com/p/all-in-podca…

Big Cat Nation, conviction running large 😼 Starship climbing higher, 200 tons/hr charging hard 🚀 Island names looming bigger, diversification extinct 🎩 Shorts updating résumés in ER waiting rooms 😹📈 x.com/i/status/20583… $SATS = 🔥Booster Rocket Moonshot @EchoStar

I've reviewed the Starship launch videos this morning and my conclusion is that SpaceX is almost ready to start launching their Starlink V3 FSS constellation. Everything needed to launch satellites has been proven, with the only outstanding issues being Raptor 3 reliability and return to launch towers for both the booster and the ship. I think SX are within reach of proving out these remaining milestones over the coming months and we will see real Starlink V3 satellites launched by late-2026. Over time, with establishment of rapid reusability, this will reduce the constellation replenishment costs for Starlink by a significant margin. I don't think this means mass-market adoption of Starlink by customers currently using terrestrial broadband, but it does mean the profitability of Starlink's existing customer base can be improved, leading to a sustainable business model generating lots of cash. I'm not going to get into valuations, or any of the IPO nonsense, but Starship's success certainly means that LEO constellations can be profitable, provided that launch is cheap. We don't yet know how Starship will be available for competitors and at what pricing, so anyone trying to compete with Starlink FSS is likely to face severe headwinds for several years. The same is true, I believe, for DTD, with Starship likely to start launching high performance V2 MSS satellites by mid-2027. As such, SpaceX is likely to dominate DTD NTNs over the next few years with competitors such as $ASTS Amazon and Equatys having severe competitive cost pressures unless they can access cheap, rapid launch. There will be multiple DTD NTNs, no doubt, but I wouldn't bet against SpaceX being as dominant a force in this market as it is for FSS today.

Starship cracked the cost curve, Big Cat Nation smelled gold 🚀 Brass Balls Brad boat shopping, screaming island names bold 😼 Legend saw orbital compute, Wall Street saw the old 🎩 Shorts saw nothing but margin calls 😹📈 $SATS = 🔥Booster Rocket Moonshot @EchoStar @brad_patnaude

Breathtakingly Beautiful

Brass Balls Brad just watched four digits leave the launch pad 🚀 Legend Magic doesn’t negotiate with gravity 🎩 Shorts heard “stage separation confirmed” from ER folding chairs 😼📈 x.com/i/status/20579…

Conviction rose higher, countdown clocks reset 🚀 Legend’s crushed longer odds, still stacking the bets 🎩 Orbital compute, spectrum kings, AI needing every lane ☁️ Shorts saw “launch scrubbed,” priced bankruptcy for SpaceX again 😼📈 $SATS = 🔥Booster Rocket Moonshot @EchoStar

Pencil pushers grade yesterday while Big Cat Nation buys tomorrow 🎩 Orbital compute and AI utilities don’t fit inside tiny spreadsheets 📈 Widespread Confusion still waiting for the future to fax approval 😼 x.com/i/status/20575…

SpaceX's Trillion-Dollar IPO Is Turning the Space Sector Into the Trade of 2026 -- Here Are Five Names Already Moving on It share.google/yLaBGLoOcXoTXO…

SpaceX dropped the S-1… orbital compute looked divine ☁️ Legend mapped the AI frontier ahead of Wall Street’s timeline 🎩 Ku lanes becoming AI toll roads across space and time 🚀 Shorts reading “margin requirements” line by line 😹📈 $SATS = 🔥Booster Rocket Moonshot @EchoStar

Cautious Dan makes fair points, but comparing post-AI growth curves to the pre-AI era is apples and oranges ⚡ AI accelerates global GDP, compute demand, bandwidth, and spectrum value at a pace never seen before ☁️ If orbital compute fails at scale, the caution makes sense. If it works, the anti-SpaceXAI crowd ends up looking like the same clowns who shorted Legend Magic 🤡 Spectrum becomes digital Manhattan real estate while Wall Street debates old valuation templates 🏙️ Big Cat Nation’s notoriously bad at caution… diversification officially went extinct 😼 x.com/i/status/20572…

Brad hears the chain rattle before Wall Street wakes 🎩 T-23 and June strikes heating like Legend wrote the script 📈 Shorts refreshing locate screens like smoke alarms chirping 😼 x.com/i/status/20571…

Dark pools went quiet, Legend mapped the stars 🎩 Blocks hit the tape, conviction raised the bars 🚀 Orbital compute built Ku highways straight to Mars ☁️ Shorts filed “Widespread Confusion” under material risk factors 😹📈 $SATS = 🔥Booster Rocket Moonshot @EchoStar

Destiny keeps climbing, doubters stare at screens 📈 Legend drew the blueprint, dreamers built the machines 🎩 Big Cat Nation rides conviction, stacking winning themes 😼 Prime brokers mute the line, shorts whisper “what’s a margin squeeze?” 📈 $SATS = 🔥Booster Rocket Moonshot @EchoStar

Funny how some poems turn into “don’t forget.” 🎩😼📈 x.com/i/status/20454…

New week… conviction floating thick in the air 🚀 Starship lights the sky while Brad, Big Cat Nation stare 😼 Legend’s seen longer odds, still built empires there 🎩 Shorts hear “ignition sequence start” from ER folding chairs 📈 $SATS = 🔥Booster Rocket Moonshot @EchoStar @brad_patnaude

Cloud cores hum while Legend redraws the map ☁️ Analysts model towers… forgot the Magic in the cap 🎩 Big Cat Nation stayed concentrated while tourists chased the trap 😼 Diversification went extinct… now shorts diversify panic attacks 📈 $SATS = 🔥Booster Rocket Moonshot @EchoStar