Dylan Jovine, founder and CEO of Behind the Markets, is a former Wall Street CEO who built one of the youngest registered broker-dealers in America by age 24. His offices sat at 100 Wall Street, steps from the New York Stock Exchange. For more than three decades he has focused on spotting major market moves early. He warned about the 2008 financial crisis more than a year ahead of time. He positioned readers for the AI boom well before ChatGPT became household news and for the space sector when orbital projects still sounded distant.
Jovine’s research service, Behind the Markets, delivers monthly investigations into companies that sit at the center of large emerging stories. Each recommendation includes the company name, ticker, and the price he would pay. The service also maintains a model portfolio that shows both winners and losers so readers can review the full record at any time.
In his latest research Jovine highlights what he calls Elon’s 100X AI Stock. He describes it as an obscure AI firm that has received quiet payments from Elon Musk’s companies since 2012. Every Tesla that leaves a Gigafactory, every Starlink satellite that reaches orbit, and every Starlink dish on the ground carries technology from this firm. Jovine’s analysis indicates that Musk’s next major project—orbital AI data centers—could multiply those payments many times over. He believes the critical date for positioning is October 24.
How Elon Musk Has Created Waves of New Millionaires
Tesla has turned more than 5,000 of its own employees into millionaires. SpaceX created 4,400 new millionaires on the day of its public listing. Musk himself has noted that he has already created millionaires thousands of times over. Everyday people have shared in these gains. A welder named Juan Hernandez saw a $10,000 SpaceX stock package become life-changing on IPO day. A video editor from Milwaukee named Brandon Smith, who had never invested before and did not earn a six-figure salary, turned a $10,000 Tesla investment started in 2017 into millionaire status through continued buying.
Jovine points out that similar opportunities appeared among the suppliers that supported Tesla and SpaceX. Piedmont Lithium rose as much as 1,400 percent after a lithium supply agreement. ON Semiconductor, which supplies camera sensors and power chips for Teslas, climbed as high as 1,550 percent. Planet Labs, which launches satellites on SpaceX rockets, reached gains near 3,000 percent. AST SpaceMobile, another SpaceX launch customer, rose as high as 6,695 percent. An investor who put $5,000 into each of those four names at the right time would have seen the combined position grow past $650,000 at the peaks.
Jovine argues that Musk’s next project could create an even larger class of new millionaires because the total addressable market is larger than anything Musk has built before.
The Scale of Musk’s Next Project
SpaceX has told investors it has identified the largest actionable total addressable market in human history, estimated at $28.5 trillion. That figure is more than eight times the combined value of PayPal, Tesla, and SpaceX at the time of the research. Musk has described the opportunity as quantifiable and massive.
The project is not the SpaceX public listing itself, not Starlink internet service to cell phones, and not robotics. According to Jovine’s reading of a federal filing submitted on January 30, 2026, the core idea is a constellation of AI data centers placed in orbit. These orbital facilities would be powered by continuous sunlight and cooled by the extreme cold of space. Musk has stated that space will be the cheapest place to put AI within 36 months or less and that space-based AI is the only practical way to scale computing power.
SpaceX has already unveiled an early version called AI1. Its solar wings stretch 230 feet from tip to tip—longer than the wingspan of a Boeing 747. The company has filed for permission to launch as many as one million satellites. SpaceX currently operates roughly 10,000 satellites, the largest fleet in history. Expanding to one million would represent a 100-fold increase. Musk has said such a fleet could deliver a trillion times more computing power than systems on Earth.
Why Earth-Based Data Centers Face Limits
Demand for AI computing is intense. Microsoft, Amazon, Google, and Meta together planned to spend as much as $725 billion on AI infrastructure in a single year. Developers announced 16 gigawatts of new data-center capacity in the United States alone—enough electricity to power about 12 million homes. Micron, a key supplier of memory chips, sold out a full year in advance. CoreWeave held more than $100 billion in signed contracts for AI computing capacity.
Yet the power grid cannot keep up. Morgan Stanley projected a shortfall of 49 gigawatts for data centers by 2028. Google has faced waits of up to 12 years to connect new facilities. Local communities have pushed back. More than 200 environmental groups called for a halt to new U.S. data centers. Cities including Denver, Oklahoma City, and Tulsa paused approvals. Twenty towns in Michigan did the same. Maine’s legislature voted to ban them. Analysts estimated that between one-third and one-half of planned U.S. data centers for the near term could be delayed or cancelled.
Musk encountered the same constraint with his Colossus supercomputer and resorted to trucking in mobile natural-gas turbines. He has said for years that the next shortage after chips would be electricity. Orbital data centers remove the constraints of local grids, water use, zoning rules, and neighborhood opposition. In space a solar panel can generate roughly eight times the energy of the same panel on the ground because it can remain in continuous sunlight. Cooling is free because space is extremely cold. There are no neighbors and no local power bills.
Competitors Are Moving in the Same Direction
Other technology leaders have reached similar conclusions. Jeff Bezos has said giant training clusters will be better built in space because of 24/7 solar power and has committed $1 billion a year of his own money to Blue Origin. He filed plans for a satellite network of more than 50,000 satellites. NVIDIA backed a startup called Starcloud that launched the first GPU into orbit and trained an AI model there. NVIDIA also developed a new AI superchip module designed specifically for orbital use. Google is pursuing Project Suncatcher to place its own AI chips in orbit. Former Google CEO Eric Schmidt acquired a rocket company for the same purpose. Meta signed an agreement to secure solar energy from space.
Every one of these efforts requires the same fundamental technology that Musk needs: chips efficient enough to run AI workloads under the severe power and cooling limits of orbit.
The Chip That Makes Orbital AI Possible
For decades computer chips consumed too much power to operate effectively in space. Enough chips packed together to run modern AI would either drain every available solar panel or overheat because heat can only be radiated away in a vacuum, and radiators must be large. The breakthrough came from one firm that designed the world’s most power-efficient chip architecture. That firm’s design sits at the heart of Musk’s first AI1 orbital data-center satellite.
The same architecture has been used across Musk’s companies for more than a decade. Every Tesla built in the last ten years runs on it. Every Starlink dish runs on it. The laser links that connect Starlink satellites run on it. Even Musk’s next-generation Tesla AI chip incorporates the technology. The firm does not manufacture the chips itself; it licenses the design and collects royalties on every chip produced. More than 300 billion chips based on its technology have been sold over 35 years.
Because the software that runs on millions of Teslas and satellites is written for this architecture, switching away would require rewriting vast amounts of code. The firm’s technology is also used by virtually every major player racing to build orbital or terrestrial AI capacity. NVIDIA’s new space-oriented module is built on it and the company signed a twenty-year agreement. Blue Origin uses it. NASA flies it in spacecraft computers. Rocket Lab, Lockheed Martin, Airbus, and Planet Labs all rely on it. On Earth, Amazon’s Graviton processors, Google’s Axion processors, and NVIDIA’s high-end AI chips all incorporate the architecture. The same technology powers the majority of the world’s smartphones.
In 2020 NVIDIA attempted to acquire the firm in what would have been the largest chip deal in history. Amazon, Samsung, and Musk himself raised objections. Regulators on three continents ultimately blocked the transaction on national-security grounds. No single company was allowed to control the technology. As a result, every major player continues to pay royalties.
Jovine notes that the firm’s data-center business has already shown strong growth, with sales more than doubling in consecutive periods. An expansion to one million AI satellites would multiply the number of chips carrying its design and therefore the royalty stream. He calls the company Elon’s 100X AI Stock because the potential increase in satellite volume is on that order of magnitude.
Major institutional investors already hold significant positions. One large fund manager owns hundreds of millions of dollars’ worth. A well-known growth investor holds a large stake. A billionaire technology investor continues to add shares. Bridgewater, one of the world’s largest hedge funds, also owns a position. The largest shareholder still controls roughly 87 percent of the company, leaving only about 13 percent of the shares available for public trading.
Why October 24 Matters
SpaceX completed its public listing, the largest IPO in history. Most of the shares held by employees and early investors remained locked. Those lockups release in stages. On October 24 another large block of roughly 320 million shares becomes eligible for sale, representing tens of billions of dollars at listing prices. Later releases could free even larger amounts. Jovine expects that many of the people who built AI1 and understand the orbital data-center plan will look for ways to invest in the key supplier once their SpaceX shares are liquid. He believes investors who position ahead of that date can own the stock before that capital begins to move.
The Full Behind the Markets Offer
Jovine has prepared a special report titled “Elon’s 100X AI Stock: The Chip Elon Can’t Fly Without.” The report names the company, provides the ticker, and explains how to position before October 24. The report is included free with a subscription to Behind the Markets.
Three membership packages are available.
Good Offer – $49 per year
Immediate access to the full Behind the Markets investment advisory service (normally $399).
Three free bonus reports:
• Elon’s 100X AI Stock: The Chip Elon Can’t Fly Without
• The $11.6 Billion Satellite War
• How to Profit From NVIDIA’s New Chip Partner
Two additional free gifts:
• The Behind the Markets Quick-Start Guide
• America’s AI Power King: The One Stock Powering the Entire AI Boom
Great Offer – $99 per year
Everything in the Good Offer plus two further free bonus reports:
• The End of the Fix: The One Stock for the Coming Gold Revolution
• The Last Energy Revolution: The One Company Powering America’s $185 Trillion Energy Transformation
Best Offer – $99 per year
Everything in the Great Offer plus two more free bonus reports:
• The Hidden Inheritance: The One Company With the Keys to America’s Undersea Fort Knox
• Trump’s Checkmate: The Iron Artery
All packages include twelve monthly research letters, full access to the model portfolio, weekly market briefings, and flash alerts when important developments occur.
Additional Reports Included with Membership
“The $11.6 Billion Satellite War” report covers a small firm that holds exclusive FCC licenses for valuable satellite spectrum and operates its own low-orbit satellite fleet. Amazon agreed to acquire the company for $11.6 billion at a fixed price of $90 per share. At the time of the research the stock still traded below that price, creating a potential arbitrage opportunity while regulatory approval is pending. Jovine emphasizes that no takeover is certain until final regulatory clearance, yet the signed agreement makes it one of the clearer special situations available.
“How to Profit From NVIDIA’s New Chip Partner” examines a company whose technology moves data between AI chips at the speed of light. Connectivity has become a major bottleneck for large AI clusters. NVIDIA invested $2 billion in the firm. Previous NVIDIA-backed companies such as CoreWeave, Nebius, and SoundHound saw rapid share-price gains once the market recognized the relationship. The report provides the name, ticker, and analysis.
“America’s AI Power King” identifies the largest electric utility in the United States, a major producer of wind and solar power, and one of the nation’s largest nuclear operators. Google has contracted with the company to restart a nuclear plant for data-center power. Meta has secured more than 2.5 gigawatts. The firm has also announced a large acquisition that would make it the single biggest power utility in the country and plans dozens of data-center power hubs. It pays a dividend substantially higher than that of leading chip companies.
The Behind the Markets Quick-Start Guide walks new investors through opening a brokerage account, placing an order, and acting on research alerts. It is written for readers who have never placed a trade before.
Risk-Free Trial and Guarantee
Every membership carries a full six-month money-back guarantee.
Readers may use the service for six months, review every report and recommendation, and follow the research in real time. If the service does not meet expectations for any reason, a full refund is issued upon request.
All special reports remain the property of the subscriber even if a refund is requested. Behind the Markets is an accredited business with the Better Business Bureau and carries an A+ rating.
Past Recommendations Cited by Jovine
Jovine has published earlier recommendations that produced large percentage gains for readers who followed them.
IonQ was recommended near $8 and later traded as high as a 944 percent gain. Micron was recommended near $54 and later reached gains above 1,900 percent. Palantir was recommended near $7 and later rose more than 2,700 percent. Rocket Lab was recommended under $4 and later climbed as high as 3,850 percent. Other closed positions included Intelsat (339 percent in four months), AMD (228 percent), FormFactor (180 percent), and ASML (141 percent).
Past results do not guarantee future performance, and individual results vary.
Why the Chip Company Cannot Easily Be Replaced
Musk builds rockets, cars, and AI systems in-house. He does not build this particular chip architecture. Replacing it would require rewriting the software stack that runs on millions of existing vehicles and satellites. The architecture has been refined for 35 years and is the only one currently proven to deliver the required performance per watt for orbital AI. Every major competitor building space-based or terrestrial AI infrastructure also relies on the same technology and therefore pays the same royalty stream. The failed NVIDIA acquisition confirmed that no single company is allowed to own the design exclusively.
Institutional Ownership and Limited Float
Because only about 13 percent of the shares trade publicly, large institutional positions can exert significant influence on the available float. Jovine notes that the presence of major long-term funds suggests thorough due diligence has already been performed by professional investors.
Putting the Opportunity in Context
Musk’s previous platforms—electric vehicles and reusable rockets—created large secondary markets for specialized suppliers. Orbital AI data centers represent a third platform whose addressable market is measured in tens of trillions of dollars. The single firm that collects a royalty on every relevant chip sits at the intersection of Tesla production, Starlink deployment, and the planned million-satellite AI constellation. Growth in any of those areas increases the royalty base.
Jovine’s research service is designed to identify exactly these kinds of concentrated opportunities before they become widely discussed. The $49 annual membership for the basic package, or $99 for the expanded packages, provides immediate access to the full report naming Elon’s 100X AI Stock together with the additional research listed above. The six-month guarantee removes financial risk for any subscriber who decides the service is not suitable.
Readers who wish to review the complete analysis, the ticker symbol, and the suggested positioning steps before the October 24 share unlock can do so by selecting one of the membership packages. All materials are delivered digitally upon enrollment so that action can be taken the same day if desired.
The combination of continuous solar power, free radiative cooling, and the absence of terrestrial regulatory friction makes orbital AI data centers a logical response to the power constraints now facing ground-based facilities. The chip architecture that makes those satellites practical has already been selected by Musk and by nearly every other major participant in the race. The firm that owns the intellectual property therefore sits in a unique position to benefit from the expansion.
Dylan Jovine’s Behind the Markets service packages the full details of that firm, the related satellite-spectrum opportunity, the NVIDIA connectivity partner, the utility that supplies power to the terrestrial AI build-out, and the additional special-situation reports into a single low-cost annual membership. The six-month unconditional refund policy allows any interested reader to examine the research thoroughly before deciding whether to continue.
