The other night, Kentuckians were treated to a rare and special sight in the evening sky. If you happened to be outside on Friday, May 10th, and glanced upwards, you witnessed one of the most spectacular sightings in recent memory. It wasn’t the Northern Lights, which had unexpectedly appeared outside their usual bounds, but rather a string of Starlink satellites launched by the SpaceX Falcon rocket.

 

We were sitting outside when this unusual set of lights hovered above us. A startled friend wondered aloud if we were witnessing something extraterrestrial. Fortunately, I had read about this phenomenon and knew it was the Starlink satellites. Inspired by the sight, I delved deeper into this fascinating practice and learned that Starlink often launches a series of satellites that travel together in low orbit before reaching their final altitude. Once there, they separate and begin working in conjunction with other Starlink satellites to provide internet access anywhere in the world.

 

Let’s take a moment to ponder this: several years ago, Elon Musk and entrepreneur Greg Wyler envisioned launching satellites to provide global internet coverage. Ten years later, Starlink is one of the fastest and most reliable internet services available, capable of being used anywhere on the planet. This absolutely blows my mind.

 

Two nights ago, my wife and I ran out of dishwasher pods around 7 PM while cleaning up for the night. Instead of adding them to our grocery list, I simply added them to our Amazon cart with a few other items. By 7:30 PM, the order was placed. Less than 12 hours later, at 7:00 AM, a box arrived on our front porch with our dishwasher pods and other items. Jeff Bezos has certainly come a long way from selling books online.

 

One of my challenges with today’s environment is the pervasive negativity. Everywhere I go, people are fed up with political noise and daily negativity. Turn on the news, and you’ll see nothing but negativity and nonsense. Open your email, and it’s more of the same. Talk radio? Gone are the days of Paul Harvey’s “The Rest of the Story,” replaced with scathing opinions and fear-based headlines.

 

Yet, amidst all this, we live in a time when some of the greatest entrepreneurs in history are creating and innovating every day. As investors, we have the opportunity to participate right alongside them.

 

After creating one of the largest social media conglomerates in the world with Facebook and Instagram, Mark Zuckerberg is now working on a virtual world that, in my opinion, will ultimately replace today’s social media outlets. While I shudder to think about what this may do to our declining interpersonal skills, I also recognize that it will allow people to experience places and events without leaving their homes or remote villages. Imagine a young aspiring scientist in a remote village attending online classes using a Quest headset connected to Starlink Internet. This is possible right now.

 

Sam Altman, a name you’ll hear more and more, is one of the great pioneers of AI, having founded ChatGPT. He’s a visionary, and in addition to creating one of the most powerful tools since the invention of the internet, he is also leading a nuclear fusion company. This company, which many of our clients are invested in, aims to provide clean and renewable power to cities and companies using revolutionary technology within a power plant covering only a few acres.

 

Last weekend, I tackled the daunting task of changing out 350 pounds of sand in our pool filter, something I will never do again. Thankfully, I had the guidance of Larry Page and Sergey Brin, founders of Google, whose parent company owns YouTube. Without YouTube, I would never have known how to handle such a project. I’m happy to report the sand is clean, and the water is clear!

 

Whenever I encounter someone more caught up in politics than the amazing opportunities before us, I simply shake my head. While these folks are stuck in the security of sadness, the opportunities are passing them by. Will they wake up one day realizing they missed out on the joys of the present by worrying about the fate of the future?

 

Mark Twain once said, “I’ve had a lot of worries in my life, most of which never happened.”

 

Musk, Bezos, Zuckerberg, and Altman will go down in history as some of the greatest innovators and entrepreneurs. I’m sure many more will follow, names we’ll come to know in the future as their dreams and visions are realized. In this country, we have the great opportunity to invest alongside these visionaries and ride the wave of their success. Be careful not to get too caught up in the noise that you miss these amazing opportunities altogether.

 

Until next time

~ Quint

 

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