My SpaceX is 7X in 4 years and Alibaba is up 45% in 3-months. What next?

Matein Khalid

SpaceX is up 7X since my post in 2020, when we invested at $46 billion pre-money and it is now $350 billion. I do not recommend anybody put new money in this or any of the big AI plays. There are 300 AI startups that were rejected by two Palo Alto brand name VC partners I respect in the past year and this sector will be toast when the music stops, as it 100% will. The circus clowns in the Valley have gone deadly quiet.

I am now live on a potential 4-6X (over 4 years) deal in the luxury brand ownership sector. I have done my DD, as have some of the largest private family offices in the GCC I respect and know for decades. If you fancy a quickie Zoom briefing, please ping Manju (+971504280691). I cannot disclose more without a signed NDA and the group chairman alone approves investors/LPs on the captable.

US monetary, trade and development aid policy has changed more in the past three weeks than at any time since the creation of Bretton Woods, the IMF, the World Bank and the UN in the dying days of WW II. Trump’s threats are not verbal diarrhea but a radical shift in economic philosophy but please do not make the fatal mistake of thinking that he or his team are remotely competent or consistent. After all, the Art of the Deal was written by a ghost writer and Tariff Man’s genius has seen 5-major real estate hotel and casino companies he owned go belly up in the decade when I was a New Yorker and knew dudes who got fired since they made the fatal mistake of buying junk bonds issued by his three Atlantic City casinos that all went bankrupt.

I had written the enclosed post (https://matein.substack.com/p/is-alibaba-the-dragon-empires-golden) that argued why Alibaba (BABA) would continue to lay golden eggs and I was 100% right for once. BABA was 86/87 then and 116-119 now. Not bad for a guy who can only say “chow mein” and shie-shie in Mandarin. So, I confess I am utterly ignorant about Chinese civilization, but I understand the economics of a $1.2 trillion trade surplus with the world, a $300 billion rise in Hong Kong bank deposits and PBOC monetary accelerator in the money/FX market all too well. The moment I knew some big enchilada in the US was accumulating BABA, I knew I had to follow the hoofbeats of the herd and grab my own one way ticket to the moon and man, are we flying? Apollo-11 (BABA) lands on the moon at 150.

NRI honchos/Money Dadas in town told me I was loco to buy BABA since CNN/Modi Sarkar assured them that China is uninvestable. I knew that a mini rupee devaluation was certain when the RBI’s Das led the INR dirty float to go beyond 83 and I posted my analysis son this too. Das will not dare take a bio break at the RBI without the permission from the 4-Gujju Gods who now rule India, led by the Tea Lord and the Homie Lord.