🏆🤖The Man Who Tossed Away His 8,000 Bitcoin Fortune

THE PROFITS💸

Good morning Opportunists, welcome to Thursday, October 17 2024, where we dive into the wild world of wealth, tech, and fortune! In today’s stories, we’ll explore the latest attempt by the man who accidentally threw away 8,000 Bitcoins to recover his lost treasure, look at OpenAI’s bold prediction of turning profitable by 2029, and Grant Cardone’s incredible take on what Nancy Peoli’s $120 million fortune actually means. Buckle up for the ride!

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The Man Who Tossed Away His 8,000 Bitcoin Fortune

James Howells, famously known for tossing a hard drive with 8,000 Bitcoins now worth over $500 million, just took legal action to recover his lost fortune. In a bold move, the Welsh engineer is suing Newport City Council for nearly $650 million in damages after repeated refusals to let him dig up the landfill where his valuable hard drive is buried, offering the council 10% of the treasure if successful.

SpaceX’s Latest Starship Landing

Kerbal Space Program fans know the obsession never fades, and watching SpaceX’s latest Starship booster landing brought that spark back—seeing a massive rocket gracefully caught mid-air by chopstick-like arms was pure sci-fi magic.

Even more impressive, it was SpaceX’s first attempt at this tricky maneuver, and it sets the stage for NASA's future moon missions to use this incredible tech.

Grant Cardone’s Take on Nancy Pelosi’s Wealth

Grant Cardone recently weighed in on Nancy Pelosi's $120 million net worth during an interview with DJ Vlad, questioning how a public servant earning $179,000 a year could reach such wealth.

With his signature bluntness, Cardone joked that Pelosi would have to be 1,500 years old to achieve that fortune on her salary alone, sparking a bigger conversation about lawmakers' financial gains and insider trading, especially given Pelosi's controversial stock trades over the years.

Entertainment

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Science and Technology

Optimus Robots at the Cybercab Reveal: Tesla put its Optimus robots front and center during the flashy Cybercab reveal last week, with bots mingling, serving drinks, playing games, and even talking to guests—but it was mostly for show. Attendees later learned the robots were being remote-assisted by humans, and while the presentation was entertaining, it didn’t offer much insight into how advanced Tesla’s humanoid robot technology actually is just yet.

Spiralis Energy: UK-based Spiralis Energy is one step closer to bringing its innovative screw-shaped tidal energy converter to real-world use after computational fluid dynamics (CFD) analysis showed a deviation of just 1.5% from predicted to actual results. Made from plastic waste, this unique design, currently being tested at Poole Harbour, aims to eventually generate over 250 kW of power, with plans to install full-scale converters in the English Channel to meet 11% of the UK’s energy needs—all while being eco-friendly and modular for easy repairs.

Researchers Might Reconsider the History of Dinosaurs After a New Discovery: Brazilian researchers uncovered a 237-million-year-old fossil of Gondwanax paraisensi, a small reptile that might be an early relative of dinosaurs, roughly the size of a small dog. This new species of silesaurid, one of the oldest ever found, provides valuable insight into the evolution of bird-like reptiles and the diversity of life during the Triassic period, offering clues about the origins of dinosaurs and pterosaurs.

Millionaire Spotlight

The Millionaire Spotlight:

• Elon Musk – Reached millionaire status in 1999 after selling his first company, Zip2, to Compaq for $307 million, marking the start of his journey toward becoming one of the world’s wealthiest people. He was about 27 years old.

• Oprah Winfrey – Became a millionaire in 1986 when The Oprah Winfrey Show went national, solidifying her status as one of the most influential media moguls. She was about 32 years old.

• Jeff Bezos – Joined the millionaire ranks in 1997 after Amazon’s IPO, when his shares skyrocketed in value, laying the foundation for his future as a tech giant. He was about 33 years old.

• Bill Gates – Achieved millionaire status in 1981 when Microsoft was incorporated and the company’s valuation hit $1 million, kick-starting his rise to becoming a billionaire. He was about 26 years old.

• Mark Zuckerberg – Became a millionaire in 2004 after securing investments for Facebook, turning his dorm-room project into a global social media empire. He was about 22 years old.

• Warren Buffett – Entered the millionaire club in 1962 through his partnership with Berkshire Hathaway, setting the stage for his legendary career in value investing. He was about 30 years old.

• Jay-Z – Became a millionaire in 1999, thanks to the massive success of Roc-A-Fella Records and his chart-topping album sales, paving the way for his business empire. He was about 27 years old.

• Kylie Jenner – Reached millionaire status in 2017 with the explosive success of Kylie Cosmetics, becoming one of the youngest “self-made” millionaires in history. She was about 17 years old.

• Richard Branson – Became a millionaire in 1973 with the success of Virgin Records, a bold move that launched his journey to becoming a business tycoon. He was about 23 years old.

• Michael Jordan – Hit millionaire status in the late 1980s, fueled by his NBA earnings and lucrative endorsement deals, including the iconic Nike Air Jordan line. He was about 23 years old.

Business & Markets

OpenAI’s Projections: According to The Information, OpenAI could face $44 billion in losses before possibly turning a profit by 2029, despite projected revenues reaching $100 billion, driven by massive spending on AI development and operations. While OpenAI’s partnership with Microsoft helps fuel growth, concerns loom over the startup’s financial sustainability, with analysts suggesting that Microsoft may even acquire the company within the next three years as it continues to burn through cash in its pursuit of AI dominance.

Coca-Cola Stock: Coca-Cola’s stock continues to climb, thanks to its strong brand, innovative products, and digital expansion, recently surpassing its 50-day moving average. Despite challenges like inflation and currency fluctuations, Coca-Cola’s dominance in the beverage industry, with over 4,700 products and a push toward healthier options, positions it for long-term success, though its premium valuation raises some concerns.

United Airlines Stock Soars: United Airlines soared to the top of the S&P 500 after executives declared the airline industry had reached a pivotal "inflection point," boosting their optimistic business outlook. With a 12% stock surge on Wednesday, United hit its highest level since February 2020, as improving airfare trends and recovering corporate travel hint at brighter skies ahead for airlines, despite the turbulence of recent years.