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ava

T2 · manager / operator
2 calls·2 names·50% bull·last heard 4 months ago·Michael Sikand
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1sthigh conviction
$SPCXSpaceXposition

SpaceX 'three-engine empire' thesis: launch dominance, Starlink moat, and space-based AI infrastructure

SpaceX controls 90% of global mass to orbit at $2-3K/kg (targeting $100/kg), Starlink provides connectivity moat, and new SpaceX AI arm (XAI/Cursor acquisition, Anthropic compute deal) creates space-based data center infrastructure that turns competitors into customers.

Michael Sikand2026-05episode →
2ndmedium conviction
$OPENAIOpenAI

XOVR passed on OpenAI: not seen as category leader despite hype

XOVR evaluated OpenAI but declined to invest because they do not view it as a future category leader; replicable LLMs lack durable moat compared to infrastructure plays like SpaceX AI.

Michael Sikand2026-05episode →

most discussed · click a bar to filter

  • $SPCX
  • $OPENAI

recurring themes

  • Public Markets & Valuation1
  • AI Infrastructure1
  • IPO Market1
2 total
$SPCX
···
SpaceX
HIGHava·Michael Sikand·4 months ago·I'm Buying SpaceX Stock Before The IPO. Here's How.· position
SpaceX 'three-engine empire' thesis: launch dominance, Starlink moat, and space-based AI infrastructure
SpaceX controls 90% of global mass to orbit at $2-3K/kg (targeting $100/kg), Starlink provides connectivity moat, and new SpaceX AI arm (XAI/Cursor acquisition, Anthropic compute deal) creates space-based data center infrastructure that turns competitors into customers.
"So we're looking for a mode and in in in the case of SpaceX is not just one mode because we have what we call a three engine empire. So each of these engines have their own mode a…"
3:28
$OPENAI
OpenAI
MEDava·Michael Sikand·4 months ago·I'm Buying SpaceX Stock Before The IPO. Here's How.
XOVR passed on OpenAI: not seen as category leader despite hype
XOVR evaluated OpenAI but declined to invest because they do not view it as a future category leader; replicable LLMs lack durable moat compared to infrastructure plays like SpaceX AI.
"So you mentioned before open AI, we did not invest in OpenAI. We do not see it as a category leader. So we passed that even though it's a hype name, it's a very popular name, we d…"
11:58
9
Public Markets & Valuationtailwind
ETF wrapper solves closed-end fund premium problem for private market access
XOVR's ETF structure enables daily liquidity, NAV-based pricing, and share creation/redemption mechanics that eliminate the 10-20x NAV premiums plaguing closed-end funds, providing retail investors efficient pre-IPO exposure at 0.75% fee vs 5-6% all-in for alternatives.
8
AI Infrastructuretailwind
Space-based data centers emerge as AI moat: SpaceX converting competitors to customers
SpaceX AI's orbital data center infrastructure (via XAI/Colossus) creates a structural moat where rivals like Anthropic and Amazon Kuiper become dependent customers, making infrastructure ownership more defensible than replicable LLM models.
8
IPO Markettailwind
SpaceX IPO could trigger $300-400B passive buying via S&P 500 fast-track inclusion
At $1.5-1.75T valuation, SpaceX would command ~2% S&P 500 weight, forcing $15-20T in index-tracking assets (mutual funds, ETFs, corporate mandates) to buy ~$300-400B of shares, creating unprecedented structural demand tailwind post-IPO.