LikeFolio Weekly Roundup: SpaceX Changes the Conversation

The SpaceX IPO finally arrived this week, shining a spotlight on one of the most important investment themes we've been tracking: the rise of the Elon Musk ecosystem.

Our takeaway is simple. Tesla was never just a car company. As SpaceX, Starlink, xAI, Neuralink, and Tesla continue to grow, investors are increasingly viewing them as pieces of a much larger vision centered on AI, robotics, energy, connectivity, and transportation.

The IPO also validates the broader space economy story. More capital, more attention, and more investment are now flowing into a frontier that remains in its early innings.

As always, we're focused on the long game. Many of the biggest winners spend years building foundations before reaching an inflection point.

That same pattern runs through this week's updates.

Tesla (TSLA) is pushing deeper into an AI-driven future. Amazon (AMZN) is monetizing the infrastructure it spent decades building. And Google (GOOGL) is willing to spend nearly $1 billion per month to secure the computing power needed to compete in the AI race.

Plus, we'll share our latest thinking on Redwire (RDW) – including whether the stock has earned a spot back on our watchlist after delivering a 143% gain in less than four months.

Here’s what we’re watching…

Infinite Hold Updates

Tesla (TSLA) and the Death of Coding

This week, Elon Musk made one of his boldest predictions yet, saying traditional computer coding could become obsolete as AI systems learn to write machine code directly. Whether that happens by year-end or takes longer, the direction is clear: AI is moving from assistant to creator.

And the evidence is already showing up. Anthropic recently revealed that more than 80% of the code merged into its systems now comes from AI. The average engineer is producing roughly eight times more code than just two years ago.

Why does that matter for Tesla investors?

Because Tesla's future increasingly depends on AI. Full Self-Driving, Optimus, Dojo, and the company's next-generation AI chips all benefit as AI becomes more capable of improving and building software on its own.

At the same time, Tesla continues making real-world progress on autonomy.

Denmark became the fourth European country to approve Full Self-Driving (Supervised) in the past two months, joining the Netherlands, Lithuania, and Estonia. More approvals are working through the pipeline, expanding Tesla's footprint across Europe and creating a larger base of drivers generating valuable real-world data.

We’re watching AI move from a software tool into the operating system for the physical world. And TSLA is leading the charge.

The stock may continue to bounce around in the short term. But the autonomy network keeps getting bigger. The AI gets smarter. And the long-term thesis remains firmly intact.

Amazon (AMZN) Sells Its Infrastructure

This week, Amazon expanded its less-than-truckload freight business nationwide, opening up a logistics network built over nearly three decades to businesses of all sizes. Companies can now tap into Amazon's fleet of 80,000+ trailers, 24,000 intermodal containers, real-time GPS tracking, and fulfillment infrastructure without ever selling a product on Amazon's marketplace.

Think about what's happening here.

Amazon isn't just using its infrastructure anymore. It's monetizing it.

At the same time, AWS signed a multibillion-dollar agreement with Corning (GLW) to secure fiber-optic components for its growing data center footprint. The deal will create 1,000 manufacturing jobs and help support Amazon's massive AI buildout across the U.S.

These stories may seem unrelated. They're not.

One reinforces Amazon's position as the operating system for physical commerce. The other strengthens its role as the backbone of the AI economy.

Both point to the same conclusion: Amazon keeps finding new ways to turn internal capabilities into revenue-generating businesses.

Google (GOOGL) Writes a $920 Million Monthly Check

The AI arms race just produced another eye-popping number.

Alphabet recently agreed to pay roughly $920 million per month to secure access to more than 110,000 Nvidia GPUs and related infrastructure from SpaceX's growing AI compute business. That's on top of a separate $1.25 billion-per-month compute deal SpaceX signed with Anthropic.

Google is spending nearly a billion dollars a month because access to compute has become one of the most valuable resources in the world.

Every major AI company is scrambling for chips, data centers, electricity, and computing capacity. The winners won't just be the companies building AI models. They'll also be the companies with the scale, infrastructure, and balance sheets needed to deploy massive amounts of capital.

That's where Google stands out.

Few companies are better positioned to profit from the AI boom than Google, which now owns critical pieces of the stack – from AI models to cloud infrastructure to custom silicon. Deals like this reinforce the size of the opportunity still ahead.

The AI boom is no longer a future story. Companies are committing billions of dollars right now to secure the computing power they need. Google remains one of the clearest ways to participate in that long-term buildout. 

Q&A: Is Redwire (RDW) Back on the Watchlist? 

MegaTrends member John S. recently asked whether RDW is back on our watchlist after our 143% winning trade. The short answer: yes – but we're not ready to buy it again just yet. 

Redwire (RDW) remains one of the most interesting names in the space sector. The stock still carries a bullish Social Heat Score of 75/100 and continues to benefit from one of our highest-conviction themes: space infrastructure.  

That said, a lot of good news is already reflected in the stock price. RDW has more than doubled in 2026, and today's SpaceX IPO could create additional volatility across the sector as investors digest the news and reposition. 

We also have to remember why we sold. A 143% gain in less than four months is the kind of win we believe in taking. Much of that move was driven by narrative and momentum, and after a near-vertical run higher, we felt the risk/reward had shifted. 

Could RDW keep climbing? Absolutely. 

But our job isn't to squeeze out every last percentage point. It's to lock in gains, protect capital, and patiently wait for the next setup. 

If RDW pulls back into the $14 to $15 range, it's a stock we'll be watching very closely. We think there's a good chance we'll revisit this name in the future. For now, we're staying patient and waiting for the right price. 

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