Trae Stephens

American arms dealer

1. I think that we're like nearing kind of an overhype of volume in defense tech. That is going to make it very difficult to separate signal from noise.

   Trae Stephens · TBPN · Leopold is Back! Big Tech Earnings, Defense Tech Deep Dive | Richard Craib, Trae Stephens, Blake Resnick · 2026-07-31

2. There are a lot of countries across the world that have some version of mandatory civil service... I think there's something really important about ensuring a sense of civil duty into our next generation.

   Trae Stephens · TBPN · Leopold is Back! Big Tech Earnings, Defense Tech Deep Dive | Richard Craib, Trae Stephens, Blake Resnick · 2026-07-31

• $SPCX SpaceX — 4 mentions
• $META — 2 mentions
• $PLTR Palantir — 2 mentions
• TBPN · Leopold is Back! Big Tech Earnings, Defense Tech Deep Dive | Richard Craib, Trae Stephens, Blake Resnick · 2026-07-31