Long Elon, Whole Ecosystem
Clay Norris@claynorris
−8.2%
since Oct 1
The idea
I believe Elon Musk's ventures keep compounding together over the next decade, so I built exposure to the whole ecosystem rather than picking one name. Tesla and SpaceX anchor it, with SpaceX now also carrying Starlink and Grok under one ticker, and around them I hold the chip, server, cooling and power suppliers behind AI compute, plus the metals and semiconductor makers feeding EVs and robots, and satellite companies that benefit as launch costs fall. I keep a small cash reserve to add on big pullbacks and I'm holding this for years, not trading it.
What it owns
- Musk is building some of the world's largest AI data centers, and these companies supply the chips, servers, cooling systems and power infrastructure that make those clusters run. · NVIDIA CorporationIt supplies the advanced GPUs that power xAI's Colossus clusters, so every expansion of Musk's AI ambitions drives orders for its chips., Taiwan Semiconductor ManufacturingIt fabricates the advanced silicon that goes into xAI's clusters and Tesla's own processors, forming the foundation for Musk's companies' leading-edge hardware., Dell TechnologiesIt assembles the servers that fill xAI's data centers, making it a direct supplier to the compute buildout as Colossus expands., Vertiv HoldingsIt sells cooling and power systems for dense GPU clusters, providing the infrastructure layer that keeps Musk's AI data centers operating at scale., GE VernovaIt supplies turbines and grid infrastructure that deliver the gigawatts required by xAI's clusters and the broader AI data center buildout., Super Micro ComputerIt built server racks for xAI's early Colossus phases and remains a direct supplier to Musk's compute spending as the clusters expand.39%
- Direct ownership of Tesla and the newly public SpaceX, which owns xAI, gives exposure to Musk's core companies across rockets, electric vehicles, energy and artificial intelligence. · Tesla, Inc.It is the core holding in this take, with value tied to scaling robotaxi, Optimus robots and the energy business under Musk's leadership., Space Exploration Technologies Corp.It owns launch, Starlink and Grok after SpaceX's listing combined it with xAI, offering direct exposure to Musk's compounding bets across rockets and artificial intelligence.27%
- Tesla's cars and Optimus robots require semiconductors, lithium and rare-earth magnets from these suppliers, so their growth tracks with Tesla's vehicle and robot volumes. · MP MaterialsIt is the primary U.S. source of rare-earth magnets needed for Optimus robot motors, so robot production volumes drive demand for its materials., ON SemiconductorIt makes silicon carbide power chips used in electric vehicles including Tesla's lineup, so EV volume growth feeds its order book., STMicroelectronicsIt has been a longtime chip supplier to Tesla, so the company's vehicle and robot production volumes translate into orders for its semiconductors., Albemarle CorporationIt is a major lithium producer whose supply is needed for every Tesla vehicle, Powerwall and grid battery, so scaling energy storage and EV volumes drive demand.17%
- Cheaper launches from SpaceX make these satellite businesses more profitable by lowering the cost of reaching orbit, creating a spillover benefit across the commercial space industry. · Planet LabsIt operates imaging satellites whose economics improve each time Starship cuts the cost of launching to orbit, creating a dividend from cheaper spaceflight., Intuitive MachinesIt launches its lunar landers on SpaceX rockets, so the company benefits when cheaper launches open up missions that were previously uneconomical., GlobalstarIts satellite services business benefits from reduced launch costs when flying on SpaceX rockets.10%
- Cash7%