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☕️ Another $1T market just got unlocked

Aug 14, 2025

Howdy! 👋

Prices are all over the proverbial map this morning on the heels of a hotter-than-expected wholesale pricing increase.

Good.

Volatility is a traveling companion and an opportunity, usually in the same breath.

How you view it depends on your perspective.

Here’s my playbook.

1 – Another $1T market just got unlocked

US President Donald Trump just signed an Executive Order to cut the red tape throttling America’s commercial space industry. (Read)

About time, imho!

His action is intended to pave the way for faster launches, quicker spaceport approvals, and fewer hoops for companies building satellites, defense tech, and other orbital assets.

The order also strips out duplicative reviews, stops states from slow-walking projects under environmental regs, and fast-tracks “novel missions” — the stuff today’s outdated rulebook doesn’t even cover! 🤦‍

People are going to look at this and think about the numbers of launches, rockets, cargo, etc.

The real story – and the one you want to watch – is that this move is a “capacity unlock.”

Meaning… more revenue, faster satellite rollouts, bigger defense contracts, and a deeper moat for the players already in orbit.

My mind goes immediately to data.

I think suppliers and partners in the space ecosystem could see orders pile up faster than boosters on a launchpad. Literally.

Something else.

While Europe debates “sustainability frameworks,” the U.S. is saying “light the candle, scale it up, and lead.”

Hopefully you’ve got a toehold like the OBA Family does.

Space just got spicier!

The commercial space market may be $1 trillion within a decade.

Fun side note… years ago I planned to go to the edge of space in a Mig29 before Russia went off the rails and made that a bigger challenge than I wanted. Now, though, I might actually get to go TO space if this develops the way I think it might. My bride, of course, says I’m already on another planet much of the time but that’s a story for another day. 🤪

2 – Kodak’s last gasp

I thought AOL’s dial tone Internet hangup was a blast from the past earlier this week but this one perhaps more so.

Kodak – yeah, those guys – just posted a $26M Q2 loss (vs. a $26M profit last year), gross profit is down 12%, and the company admits there’s “substantial doubt” it can keep operating without new financing. (Read)

The irony?

Kodak actually pioneered digital photography in the mid-1970s but in one of the biggest management screw-ups ever to grace a boardroom didn’t release it for fear of cannibalizing its film business.

It’s an all-too-common story.

Once great brands succumb to market pressure because management gets trapped in their own legend. And unfortunately, scores of investors who don’t know any better get dragged down with ‘em.

Eastern Airlines, Tupperware, Intel, Southwest Airlines, Sony, and now… Kodak.

I wish I could say I was surprised.

Kodak is trading at just under $6 a share which means it’s effectively a lottery ticket. I’d be more tempted to sell the $2.5 cash secured puts sometime next year but the premium isn’t worth it at pennies for a stock that may not survive anyway. Just my $0.02. 🤷🏻‍♂️

Keith’s Investing Tip: Cultural relevance isn’t the same as financial resilience. The companies that survive are the ones willing to disrupt themselves before the market does it for them. Always buy the best, ignore the rest. Your portfolio will thank you.

If you already have this covered and can tell the wheat from the chaff, great! If not and you’d like some help… you know where to find me.

3 – Google’s Chrome problem

Remember yesterday’s “ultimate anti–antitrust move” — the one I wrote to you about?

Perplexity’s $34.5B unsolicited offer for Google’s Chrome browser.

Turns out the AI search upstart is now shopping for a fresh funding round at a $20B valuation, up from $18B last month… and up from a mere $520M in January 2024.

If you’re doing the math, that’s nearly a forty-fold rise in barely 18 months. (Read)

You can bet greedy investment bankers are licking their chops.

Apparently SoftBank, Nvidia, and Jeff Bezos are already in, and it’s pulling in $150M+ ARR. Not bad for a company younger than some of your freezer leftovers.

They’ve launched Comet, an AI-native browser with built-in AI tools and “agentic” smarts — already eyeing Chrome’s lunch. Some even think Apple should buy them. 🤔

Speaking of which...

4 – Apple: I hate to say I told you so, but I did

Forget the “Apple’s missing the AI moment” noise.

I have repeatedly told you and audiences around the world that Apple is “most dangerous” when it’s being written off by dang near everyone.

I hope you paid attention and, more importantly, did something about it.

And at the risk of sounding like a broken record.

Apple is using AI as a trojan horse to deepen ecosystem lock-in, expand into new recurring-revenue verticals, and monetize across hardware, services, and entirely new markets.

Think about it.

A $100B U.S. investment, lifelike Siri, a foldable iPhone, a home robot, a revamped smart-home lineup and more.

These aren’t one-off products but launching points into industries far bigger than the iPhones that Wall Street and so many investors (mistakenly) obsess over.

You know what to do and, on the off chance you don’t… or haven’t got a clue “how”… then you might enjoy One Bar Ahead®. Investors worldwide tell me it’s making a monster difference in their lives. (Learn more).

5 – Collector or not, here’s why you should pay attention to Monterey Car Week

Monterey Car Week kicks off this week as an estimated $400M worth of classic cars crosses the auction block. Examples include a 1961 Ferrari 250 GT SWB California Spider Competizione, a 1993 Ferrari F40 LM, and a 2020 Bugatti Divo. (Read)

Here’s why you should pay attention even if you’re not a car collector and have no intention of becoming one.

The highest end of the market – meaning cars priced at $10M or more - is weakest… and the 3rd straight year of declines if auction estimates come in at the midpoint of $388M for the roughly 1,140 cars on offer.

People say that Gen Z and Millennials want fewer and new collector cars as an explanation for the decline as Boomers age out but I am not sure that’s true.

Younger collectors are simply paying up for newer collectibles like Paganis or Bugattis rather than 1950s, 60s and 70s muscle cars that have long dominated the scene.

I’m also hearing that this could be the year when sales of modern cars overtake what are called “Enzo-era” stuff – as in Enzo Ferrari – cars made before 1988.

What does this mean for your money?

Alternative assets can be a very savvy, very profitable investment if you take the time to get your purchase right. A lot of investors don’t understand that because they mistakenly think you score when you sell.

Same rules apply.

Quality, liquidity, and upside potential are your edge... no matter whether you’re talking stocks, bonds, real estate, collector cars, bikes, art or even wine and whisky.

Keith’s Investing Tip: The deal of a lifetime only looks obvious in the rearview mirror. The world’s best and most successful investors concentrate on the drive. Pun absolutely intended.