To Infinity and Beyond

$INFINITY Rebalancing to increase SPCX to 8% and update position sizes following a review of recent earnings, contracts, company risks, and analyst changes. The weights shown in the app have shifted as our holdings moved at different rates. SPCX started at 5% and has grown to over 6% through relative performance. This rebalance adds to that position while keeping the allocation measured. SpaceX’s launch business, Starlink network, and national-security work fit the long-term thesis. Starship development and continued connectivity growth offer meaningful opportunities. I am keeping room for future adjustments because valuation, heavy xAI spending, and further insider share unlocks remain important risks. RKLB and ASTS remain the largest holdings at 17% each. Both remain important parts of the strategy. MDA increases to 10%, reflecting my preference for more established operating earnings alongside the portfolio’s earlier-stage businesses. PL remains meaningful at 8%. Its latest quarter showed strong revenue growth and positive adjusted EBITDA, while the softer near-term outlook supports a measured position. I continue to see long-term value in Earth observation and satellite data. I am reducing KRMN, FLY, and YSS and making smaller adjustments elsewhere. Cash flow, funding needs, financial reporting, and updated guidance all matter when setting position sizes. I want evidence that growth and contract wins are turning into durable results before assigning larger weights to these holdings. The portfolio continues to cover launch, connectivity, lunar infrastructure, Earth observation, satellite systems, manufacturing, and defense. My conviction in the long-term opportunity remains high, and I will keep adjusting the portfolio as the evidence changes. $INFINITY remains speculative and highly volatile, but my conviction in the long-term space and defense opportunity remains strong. My investment horizon extends through 2030, and I believe continued execution across the portfolio will create meaningful value over time. I appreciate everyone following along and staying patient through the volatility. Size your investment according to your own risk tolerance. This is not financial advice.