Hello there.

We made it through another work week. Who’da thought. 😅

In this issue:

Wait, we’re going to space again, and ETFs are back? How is 2026 so early 2000’s, and more importantly, should I be considering frosted tips?

Sponsored by Greenland Energy Company

Decades of seismic data. Two million acres. Fifty-eight prospects mapped on a basin most analysts couldn't find on a map.

Welcome to Greenland's Jameson Land Basin — and to the company that just made it investable from your brokerage account.

Greenland Energy Company (NASDAQ: GLND) is pairing decades of legacy seismic data with modern reprocessing to chase what independent engineers (Sproule ERCE) say could be up to ~13 billion barrels of recoverable oil. The first two wells are scheduled to spud in H2 2026. Halliburton is on logistics. Stampede Drilling is on the rig.

This isn't a story about one wildcat. It's about whether one of the last true frontier petroleum systems on Earth finally proves what the maps have been hinting at for decades.

*This is a paid advertisement by Greenland Energy Company.

Remember when Elon Musk literally said Anthropic "hates Western Civilization" like three months ago? Well, plot twist: they're business besties now. Anthropic just signed a deal with SpaceX to use ALL of the computing power at Elon's massive Colossus 1 data center in Memphis.

Thing is, Anthropic is growing so fast that they literally can't keep up. Their CEO, Dario Amodei, dropped a wild stat at a recent conference: the company grew 80x in Q1 alone. They planned for 10x growth. Oops. Is this what suffering from success looks like?

And here's the part of the pitch that could only come from Elon: the two companies are also exploring the idea of putting data centers IN SPACE. Yes, orbital data centers. SpaceX wants to launch up to a million satellites to handle AI computing because, apparently, Earth just doesn't have enough power and cooling capacity anymore.

The whole thing sounds like a sci-fi movie, but it's very real (at least, the money is). Musk even posted that he was "impressed" with Anthropic's team after spending time with them last week. Coming from someone who sued them before, that's… something.

If you thought the AI hype was cooling off, Wall Street would like a word. Banks are getting ready to take a whole bunch of data center companies public over the next 18 months, and we're talking BILLIONS of dollars here.

Blackstone is kicking things off with a data center REIT (that's basically a company that owns buildings and pays you rent money as dividends) that could raise up to $1.75 billion. They're targeting brand new data centers leased to big tech companies, which is about as close to a guaranteed paycheck as commercial real estate gets.

The existing data center stocks are already on a tear. Equinix and Digital Realty, the two big publicly traded options, are both near record highs and beating the S&P 500 by over 20% this year. Even companies that just sell ventilation equipment to data centers are seeing their stocks jump 50%+ after going public.

Here's the thing: data centers need like $3 TRILLION in investment by 2030 to keep up with AI demand. That money has to come from somewhere, and private investors are tapped out. So these companies are coming to the public markets (that's us!) to raise cash. Whether that's a good deal or not depends on how much debt they're carrying and whether AI keeps growing at warp speed. But one thing's for sure: data centers are about to be everywhere on your stock screener.

In this episode of TWiT, the hosts unpack a week where AI spending hits historic levels, governments begin pushing back against unchecked tech power, and cracks emerge in the “move fast at all costs” mentality.

📻 Tune in to:

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That’s all for today. Write us and let us know your thoughts on the market, the newsletter, or the weather—we’d just love to hear from you.

Till next time,
— Brandon and Blake