Musk Universe, Picks and Shovels
−9.2%
since Sep 30
The idea
I believe Elon Musk's execution across Tesla, SpaceX, xAI and Grok creates years of work for the companies around him, not just the headline names. So this basket keeps a light anchor in Tesla and a fund holding SpaceX, then spreads most of the weight across the builders of the new chip factory, the fab tool makers, the compute and power behind Grok, and the component suppliers inside his machines, with some cash held back. It stays broad across four layers rather than betting on any single name, since these projects play out over years, not quarters.
What it owns
- The construction, electrical and materials suppliers building the largest chip factory in the world in Texas, paid directly for the project work. · Sterling InfrastructureSterling prepares massive industrial sites in Texas, including the specific site work that precedes fab construction., Comfort Systems USAComfort Systems builds the mechanical, cooling and clean-room infrastructure that forms the backbone of chip factories., EMCOR GroupEMCOR performs the heavy industrial electrical work that massive fab and data center projects require over years of construction., Quanta ServicesQuanta builds the grid connections and power infrastructure that Terafab and xAI's data centers demand across Texas., Martin Marietta MaterialsMartin Marietta supplies the concrete and aggregate needed for the largest building project in the world under construction in Texas.26%
- The turbine, server and infrastructure suppliers fueling xAI's Colossus data centers as they scale to train Grok. · GE VernovaGE Vernova supplies the gas turbines that power xAI's data centers as compute demand outpaces the grid., Solaris Energy InfrastructureSolaris provides mobile power generation at Colossus, offering direct exposure to xAI's immediate infrastructure needs., Dell TechnologiesDell builds the servers that xAI assembles into Colossus clusters, growing with each scaling phase of Grok's training infrastructure., Super Micro ComputerSuper Micro supplies the GPU server racks that form the foundation of xAI's Colossus clusters.20%
- The chipmakers and component suppliers embedded in Tesla vehicles and Starlink dishes today, before the new fab comes online. · Taiwan SemiconductorTSMC manufactures Tesla's custom AI chips today and remains the foundry for most advanced semiconductor designs., STMicroelectronicsSTMicroelectronics supplies the chips inside Starlink dishes, benefiting from rapid growth in the satellite-to-phone business., onsemionsemi supplies the power management chips that regulate electricity in Tesla vehicles, benefiting from vehicle volume growth., T-Mobile UST-Mobile partners with Starlink to deliver satellite-to-phone service, riding the expansion of that SpaceX business.19%
- The machinery makers whose equipment will fill the new fab, from lithography and processing to inspection, capturing the capital cycle of advanced chipmaking. · ASML HoldingIt makes the advanced lithography machines required to manufacture cutting-edge chips, the only supplier of this critical technology., Applied MaterialsApplied Materials supplies the broadest range of equipment for fab construction, capturing orders across many manufacturing steps., KLA CorporationKLA provides the inspection and metrology equipment that verifies chip quality, essential for a first-time chipmaker entering production.15%
- A direct stake in Tesla and a fund holding SpaceX, which contains xAI and Grok, to capture the upside of Musk's core companies. · Tesla, Inc.Direct ownership of Tesla provides exposure to Musk's execution across vehicles, energy and the company's chip strategy., Destiny Tech100Destiny Tech owns a stake in SpaceX, which now contains xAI and Grok, providing the single public ticket to the private side of the Musk universe.12%
- Cash8%