The 1870 Space Trade – Spurs, Depots, and the (more than) Occasional Whorehouse
In this edition of Co-Founder James Parker’s Quartermaster, he compares today’s space economy to America after the transcontinental railroad, arguing that SpaceX has built the key infrastructure for growth. He believes the biggest opportunities now lie in businesses built around that infrastructure, and that a future SpaceX IPO could drive major investment and accelerate the sector’s expansion.
Encouraging Defense Investing: Incentives Matter
In a previous edition of Quartermaster, I explored the rationale for imposing harsher tax treatment on capital investments in adversarial economies—the proverbial stick. Now, let’s talk about the carrot…
Investing in Adversaries: The Case Against Long-Term Capital Gains for Carried Interest in National Adversary Economies
James Parker shares how targeted tax incentives can drive private capital toward critical national security technologies, strengthening America’s defense innovation base.
Startup Mars
James Parker examines Elon Musk’s network of companies, from SpaceX and Tesla to Neuralink and The Boring Company, discussing how they may all serve a single unified mission to build the technology needed to make human life on Mars possible.
The Inverted Yield Curve and Implications for National Security Investment
James Parker examines how an inverted yield curve signals the resilience of defense investments, showing that defense spending typically rises during economic downturns.
“Selectable, Not Funded”: That, and a nickel, will get you a cup of coffee”
James Parker critiques the “Selectable, Not Funded” label for deterring private investment and calls for clearer communication to strengthen national security innovation.
There are No Atheists in Foxholes: Diversify or Die
Chris Lay explains how investing in the US national security sector offers durable, uncorrelated returns, making it a smart diversification strategy in volatile markets.
The Road to Hell is Paved with Good Intentions: IRS Section 174 vs. National Security
James Parker dives into how the IRS’s Section 174 ruling could hinder US defense innovation by increasing tax burdens on early-stage tech companies and discouraging private investment in national security.
Worried About A Government Shutdown? You Have Financing Options
Learn how Leonid Capital Partners helps government contractors maintain cash flow and continue operations during a government shutdown.
Qualifying for Government Invoice Factoring
Jeff Chang details how government invoice factoring helps contractors improve cash flow and what’s required to qualify.
