Andrew Walker × Steve Gorelik

DNOW’s MRC Global merger creates a full-chain distributor with $75M targeted synergies and water, utilities, and data-center exposure.Buybacks at $10–12 and debt paydown support a cash-flow case, while the conservative-looking 2027 $350M EBITDA guide compares with roughly $400M on 2024 numbers.Reaching $30–32 by 2028–2029 from $16 depends on $300M 2027 FCF and re-rating, leaving ERP execution, macro recovery, and multiple expansion to monitor.

Sarah Guo × Isaiah Taylor

Valar Atomics treats nuclear as a manufacturing problem, targeting a simple, intrinsically safe “Toyota Camry” rather than a bespoke paper reactor.DOE testing authority enabled its 100 kW W-250 to reach criticality, while passive heat removal and a seven-month milestone interval provide operating evidence.Equity-funded deployment could precede project finance, with AI as an initial catalyst and cheaper energy as the longer-term demand thesis.

Patrick O'Shaughnessy × Scott Nolan

America’s zero commercial uranium-enrichment capacity makes fuel the bottleneck for advanced nuclear power, with HALEU scarcity and the January 1, 2028 Russian-import ban creating defined market openings.General Matter targets dollars per kilogram-SWU as its cost metric, while data-center demand and behind-the-meter SMRs could accelerate deployment; execution, permitting, and the economics of nuclear construction remain key risks.

Chamath Palihapitiya × Jason Calacanis × David Sacks × David Friedberg

SpaceX’s proposed IPO would raise $75 billion at a $1.75 trillion valuation, potentially creating the external mark Chamath sees as necessary before a “99.999%” likely Tesla combination.That merger would unify xAI, robotics, chips, factories, launch, and satellite communications, while SpaceX infrastructure could support orbital logistics, stations, mining, power generation, and communications.The IPO window may narrow as SpaceX, OpenAI, and Anthropic absorb finite capital, while Friedberg estimates Bitcoin has five to seven years to complete quantum-resistance migration.

Chamath Palihapitiya × Jason Calacanis × David Sacks × David Friedberg × Brad Gerstner

Brent’s swing from $84 to $119 and back toward $100 pushed Goldman Sachs’ PCE forecast from 2.1% to 2.9% and GDP growth down 30 basis points, while oil’s fall to $90 suggested a short disruption.AI revenue is accelerating as Opus 4.6 and ChatGPT 5.4 shift spending into labor budgets, but durable demand remains disputed amid canceled data centers and backlash.

Patrick O'Shaughnessy × Zach Dell

US electricity demand could accelerate from a 2% to a 10% CAGR as EVs, AI infrastructure, and industrial electrification collide with a 5-10-year interconnection queue.Base deploys batteries behind existing meters for $500 upfront plus $16/month, targeting a 4-year unlevered payback while utility partnerships could temper volatile merchant energy revenues.

Chamath Palihapitiya × Jason Calacanis × David Sacks × David Friedberg

Congress’s removal of federal AI preemption leaves roughly 70 state laws and more than 1,000 proposed bills, potentially creating a compliance moat for incumbents and slowing startups.America’s power race is increasingly constrained by supply chains and permitting: gas turbines ordered today may wait until 2030, while new nuclear may arrive in 2032-33, making AI-driven growth dependent on capacity execution.

Chamath Palihapitiya × Jason Calacanis × David Friedberg × David Sacks × Thomas Laffont

Trump’s opening week reset national strategy around energy, technology and private capital, with DOGE confronting agencies’ spending incentives and Stargate proposing $500 billion for AI infrastructure.The decisive tests are whether compute earns an adequate return, whether electricity and nuclear deployment can scale, and whether TikTok’s proposed ownership structure avoids government picking winners.

李翔 × 李丰

中国经济正从房地产驱动的规模扩张转向研发与附加值增长，服务消费、城市圈和约3亿常住人口的公共服务需求构成未来十年至二十年的增量。低利率可能推动被动指数基金从3万多亿元扩至至少6万亿至10万亿元，个人养老金全国推广并配置ETF则带来约25年久期；制造业积木、能源换代与出海效率仍需长期观察。