Lucky Palmer Shoots for $60 Billion Anduril Valuation

TechGods of War & Spying keep winning in the federal budget cash bonanza.  And they will to lie to our faces.

Peter Thiel, Marc Andreessen and Joshua Kushner are the billionaire funders of firms living off the federal teat.  Thiel and Andreessen got in early when Anduril was valued at $1 billion.  Kushner got in later but has a double and a 6 bagger for Thrive's two investments.

The funding rounds are below:

Palmer is lucky to live in our world of fictions of fantasies where he (and other TechGods) can tell non-truths and deride others for knowing otherwise (that they are lying).  For many of us, it's rather confusing.

Some days it helps to realize:  Politicians Red & Blue love PEU (private equity underwriters) and their new TechGod brethren.  Increasingly, more are one.  

Raise a PEU Glass to Nadia Partners

Nadia Partners is the latest private equity underwriter (PEU) to find West Texas attractive for investment.  Affiliate Beacon AI Centers will hold a public meeting this evening to talk about their AI data center in Dove Creek.  

I doubt any Nadia Partner will show.  They may be toasting from a considerable distance (Canada).  Beacon staff will entertain West Texans with their "massive scale."  Residents should be concerned about the scale of water usage and electrical power.  Will those be massive as well?  

Beacon's other projects use natural gas fired generators for power.  

According to ERCOT, two power projects are currently under development, Dove Creek Solar and Dove Creek Power.  It's not clear who is behind those, however Nadia has an affiliate that does both solar power and battery backup (Dromore Energy). 

Big money is behind Nadia, Beacon, Dromore and Nadia Partners' other affiliates (mostly AI).  Beacon's co-chair is a former Managing Partner and Chief Technology Officer for The Blackstone Group.

The State of Texas tilts toward corporations over citizens.  It's rules on surface water are a language in an of itself and favor water rights holders who regularly exercise those rights.  The only excess surface water in Texas is essentially flood water.  

Beacon's project is near two creeks, Spring Creek and Dove Creek.   Their land likely has water rights to Spring Creek and its Rust Reservoir.   

I wonder if Beacon executives realize downstream water users tend not to fare well, especially during our hot, dry summers when those rights are not accessible.  

That means punching a bunch of holes in the ground which can and likely will lower the water table.  Will it drop enough to stop all creek flow?  That's the worry. especially if the project doubles or triples the local population during building/power plant construction.

So raise a glass of fracking fluids to Nadia, Blackstone other big name investors and their facilitator, the State of Texas.  That's what our wells may be producing in ten years.  

Update 4-16-26:  The community of Dove Creek expressed their near universal opposition to the Beacon AI data center.  County Commissioner Shawn Nanny closed public feedback by joining his constituents in opposing the project.  

Fictions of Fantasies

The seer said:

"Throughout the whole market structure, I have never seen so many fraudulent people make so much friggin' money off the valuation of companies that make no money and even lose tons.

So many just plain borrow to exist, whether it be the Trumpsters or the venture capitalists or the goose egg Private Credit/ Private Equity/money managers. 

The extraordinary numbers,  based on fictions of fantasies, put productive work/ labor/ salaried people on a vessel in the sea without the ability to escape the vortex of debasement. 

Every day it's cheered and no one has a clue how this ends."

My wise friend could not have said it better.

On another issue he offered:

The whole country will need an adrenaline shot to the heart to get us out of this stupidness

Now where to locate the USA's posterior?

Saudi PIF May Push LIV to Curb for Lack of Green

The Saudi Public Investment Fund (PIF) may drop LIV Golf.  Surely, they are tired of subsidizing "the product", which has failed to take hold.  

Also, there may be a message for Trump II after his disastrous war of choice on Iran.  LIV used Trump golf courses for a number of its U.S. events.  

An LIV event is scheduled for Trump National from May 7-10, 2026.  It is sponsored by a Saudi Mining Company.  Did Don Jr. or Eric get in on that deal?   They have dozens of their other ventures front-running Trump II's key strategies.

LIV, Golf but Louder.  

Trump II, Don but Mafia.  

Trump's protection racket may be disintegrating, like his frontal cortex.  Only the Crown Prince knows for sure.

General conclusion:  People don't like Louder or Mafia.  And they really don't like Loud Mafia, especially if the protection isn't there.  Take that to the bank.

Leaderboard Day $TRUMP Trading

Trump II brought down the price of VIP access for his $TRUMP meme-coin Dinner Extravaganza.  It dropped from roughly $3 million to $300,000 noted Decrypt.

Deflation exists after all.  

I'll be surprised if Trump II actually attends his event (luncheon on 4/25/26).  He has a war and a Pope to fight as well as the White House Correspondents Dinner that very evening, complete with corporate sponsorship (Boeing, Amazon and Meta).  

What's an Executive Branch Party (4/24/26) at the Executive Branch Club without the top guy with the hip-pity hop dance moves?  

Nelly is the featured performing artist.

Will Trump II don his doctor robes for any of these big events?  Stay tuned. 

$TRUMP Superstar Dinner for Flat Performance

Trump II's second memecoin competition nears the finish line as tomorrow is Leaderboard Day.  Winners get to dine with the President at Mar-a-Lago and "18 Superstars" of the crypto world.

Trump's memecoin received an initial pop from the competition announcement.  It nears the finish line with virtually no change in price.    

We close with the fine print on Trump II's memecoin website:

Trump Memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol "$TRUMP" and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type. GetTrumpMemes.com is not political and has nothing to do with any political campaign or any political office or governmental agency. CIC Digital LLC, an affiliate of The Trump Organization, and Fight Fight Fight LLC collectively own 80% of the Trump Cards, subject to a 3-year unlocking schedule. CIC Digital LLC and Celebration Cards LLC, the owner of Fight Fight Fight LLC, will receive trading revenue derived from trading activities of Trump Meme Cards.

May the best "nonpolitical engagers" who desire to purchase political influence win!!!

Politicians Red & Blue love PEU (private equity underwriters) and their new TechGod/Cryptobro brethren.  Increasingly, more are one.

"This Week's" Undisclosed PEU Guests

ABC's This Week interviewed General Joseph Votel this morning.  General Votel is Strategic Advisor and Board member for DC Capital Partners, a "sector-focused private equity firm that invests in middle market companies in the Government and Engineering markets."  It has one Ambassador and six Admiral/Generals on board.  

This Week also had former House Speaker Kevin McCarthy on its powerhouse roundtable.  McCarthy has his own private equity underwriter (PEU) ties with defense focused Albion River..

This Week failed to disclose either man's PEU ties.

Fun fact:  A former McCarthy aide now heads the PEU lobby, the American Investment Council.  

Politicians Red & Blue love PEU and their new TechGod brethren.  Increasingly, more are one.