Jon Quast

For me, I'll be looking to see if Enduro goes public in 2026.

This is a defense company.

It doesn't really see itself as a defense contractor per se.

The contractor model, it's basically, the government decides what it wants its roadmap to be, and then the

defense contractor goes out there and makes it happen.

Enduro, on the other hand, has its own roadmap, developing its own technology and software and hoping to sell that to the government.

The basic premise of the roadmap is autonomy.

It has AI software, it calls Lattice.

This is controlling

All this autonomous defense hardware, whether that be underwater or in the air or on land.

I think that there's a chance that investors will view this more like an Apple than a Lockheed Martin, if that makes sense what I'm saying.

About a year ago, it was valued at $30 billion.

I'm sure it would be looking for a much higher valuation than that.

But for me, what makes this company so interesting is its founder, Palmer Luckey.

He reminds me of Elon Musk in a way.

And I know that Musk can be a polarizing person.

And I want to be conscious that not all of the listeners out there might think that that's a good thing.

But the one thing about Elon Musk is he's really driven by this mission.

It's not just selling a car or launching a rocket.

It doesn't seem to me.