One pattern from past industrial revolutions is repeating in AI. The infrastructure lasts longer than the machines on top of it. A useful way to think about AI data centers is like rail tracks. Trains come and go. They get upgraded. The tracks, the corridor, land access, and power... they all stick around. GPUs will turn over. The infrastructure underneath them doesn’t disappear.

$IREN and xAI for Horizon 5-10? With a bunch of clues emerging recently with @mikealfred receiving a follow from Elon back in November, and Horizon 5-10 still not receiving a customer I have been increasingly interesting in who it could be. Yesterday Mike commented on Elon’s post about xAI having more compute than everyone else combined in <5 years with “You will need to acquire 5-10 companies for that to make sense”. This only made me interested even more in a potential link between xAI and $IREN for their H5-10 sites. I started yesterday by looking into potential flight logs between Elon’s private jet and a conspicuous plane arriving where Elon landed in Austin after briefly stopping in Childress on Dec 2nd. Elon's jet took a flight from Pittsburgh, Pennsylvania to Austin, Texas on Dec 1st. Elon would remain in Austin, TX as evidenced by his jet remaining at the airport and the xAI Hackathon on Dec 9th.( ( ( On Dec 2nd, we see a flight taken from the company NetJets which we know Elon Musk has a close relationship with from a data breach in April 2025. NetJets is generally used to remain anonymous because Elon and xAI's known airplanes are pinged and have known Hex/ICAO codes under Falcon Landing LLC. In this flight path we see a plane originate in Houston and take a brief 3 hour stop in Childress, TX - home of $IREN's Horizon data center - before returning back to Austin, TX shortly after. (The colors of the flight path show the altitude of the flight and the live replay is provided in the link below). This stop was likely his team inspecting the site and going back to Elon with the green light to commence with the deal. Now it's pretty weird how the day after on Dec 3rd $IREN decides to do a capital raise of 2.3B for "accelerated expansion", the day after this plane takes a stop right in Childress, TX. ( ( Something that really caught my eye however is the flight patterns into Childress Municipal Airport (KCDS) and the closest major airport, Rick Husband Amarillo Airport (AMA). In November, before this flight on Dec 2nd, there was one corporate arrival every 2-3 days. The alarming news however is this new "Shadow Shuttle", Aircraft N895MK, that had its first ever flight on Dec 8th and has continued to take frequent flights back and forth for the past couple of weeks. Something interesting however is that these planes have a different origin than the 2 flights in November from the $MSFT deal that came from Redmond/Seattle, WA (MSFT headquarters). Dec 8 07:21 AM07:36 AM 15m Houston (TME) → Amarillo (AMA) Dec 10 04:36 PM05:15 PM 39m Amarillo (AMA) →Houston (TME) Dec 21 04:10 PM04:41 PM 31m Amarillo (AMA) → Houston (TME) Dec 22 08:07 AM08:24 AM 17m Houston (TME) → Amarillo (AMA) Dec 23 04:23 PM05:12 PM 49m Amarillo (AMA) → Houston (TME) ( In these past 2 weeks xAI has recently posted a lot of new job applications in Bastrop, TX. Something interesting however is the details in the job posting. The role has an "80% traveling requirement" indicating that the job will not be in the Bastrop region, something that wouldn't be there for jobs that are actually located in Bastrop County (X , SpaceX, or the Boring Company). This 80% travel requirement is a new addition to these job listings that wasn't posted in previous listings for Bastrop, TX in October and November. Additionally, they jobs are materially different from the ones posted in October and November, with jobs for "Substation and Transmission Security" and "Managing service providers at remote sites". ( ( This is all to say recently management has been much more engaged with the retail community, with Dan Roberts creating a post using the word space that @BitcoinAIGuy picked up on, to which he replied "I was wondering if anyone would notice that 😀". This is all speculation and I'd love to hear people's thoughts on this.