Larry McDonald

speaker

66 appearances 1 recordings 1 series first heard Jun 2026 last heard 9 Jun

Larry McDonald’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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The Master Investor Podcast with Wilfred Frost · Should You Buy Space X? | IPO Special · 9 Jun 2026 podcast

The cash burn of the MAG7 plus Oracle in recent years is astronomical relative to the previous 10.

In other words, these were cash cows.

And companies like Meta are going from $80 billion of free cash flow to almost negative, or Oracle going from $50 billion of cash flow to negative, free cash flow to negative 20.

So the bottom line point that I'm trying to make, and this is so important, Wolf, if you believe the assumptions...

from Morgan Stanley, Goldman, and the bankers, the only way SpaceX achieves that growth is really continuing to decimate the free cash flow of Mag7 plus Oracle.

In other words, think of like a railroad system to space.

That's one of the big growth areas.

where they're going to put data centers in space over the next five to seven years.

That's like a rail system.

So SpaceX is the railroad, and they're going to build a supply chain up to space, very profitable.

Guess who has to pay for that?

Mag7 plus Oracle.

So at the ultimate bottom line, end of the day, Americans 401ks are all ready.

45, 50% tech.

And now we're taking this monstrosity and dumping it into the NASDAQ and the S&P over the next year.

And it just sets up where whenever in my career, and we talked about this in my first book, a colossal failure of common sense about Lehman.

In 2007, the financials got up near 24% of the S&P 500 across all the different verticals.

And now we're at 50% of the S&P 500's composition in tech and AI.

It's just, it's really, it's malpractice, really.

I mean, somebody has to make a statement here because it's just not fair to America's 401k system.

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