I think many of you already know that

one of the largest markets in the world

is the coming intelligent robot market

and that we're actually still very

early. And the reason I know is that the

question I keep getting asked more than

almost any other right now. How do I

invest in robots? How do I actually

participate in this? So today I want to

walk through one answer to how you might

invest in robotics, especially those

private humanoid robot companies. A

company called Robo Strategy went public

last month. You can find it under the

ticker bot B in NASDAQ and is built

specifically to answer that question.

It's an opportunity I'm pretty excited

about and I wanted to share it with you.

I personally think it's important to be

investing in robotics. By some

estimates, the robotics industry might

be up to $218 billion by 2030 and go

past 370 billion by 2034. And honestly,

I think even those numbers are likely

underelling it because the move of the

labor market over to physical AI is in

my opinion and Jensen Hong's opinion

going to be one of the biggest economic

events ever. I think it's bigger than a

PC. It's bigger than the internet. So,

both of those changed how we move

information around. This one, it changes

who does the physical labor. That's a

different order of magnitude. All right.

First, for full transparency, I want to

make it clear. This is not a paid

segment. Nobody paid me to make this

video. Many of you already know I myself

started to invest in robotics. I've

shared a few times now that I'm an

investor in a bunch of robotics

companies, Figure, Electronic, and

others. My thesis is this. I think the

market is going to be so massive. There

are lots of opportunities. Yes, there

will be plenty of losers, but there will

also be plenty of winners. So, instead

of trying to pick the one perfect robot

stock, my strategy is to buy into as

many of the serious robot companies as I

can spread across the field. Tesla is

still my single biggest holding. And

since it's public, Tesla's basically

been the only real option for everyday

investors who want a piece of this. But

the question I keep getting is the

harder one. How do you invest in the

private robotics companies, the figures

and the electronics, the ones you can't

just buy on the open market? And that's

where Robo Strategy comes in. And full

disclosure, I own a small stake in Robo

Strategy myself. Just bought it

recently. Part of that same buy across

the field approach. So, let's do a real

deep dive on what it is. Here's what

we're going to do today. First, we're

going to cover the actual size of what's

happening with robotics and labor

because the number is bigger than most

people think. Then the access problem,

why almost none of this is investable

today. Then what robo strategy actually

is, who's running it, and the company

it's modeled after. than the portfolio,

the due diligence and the track record,

including a name a lot of you will

recognize from this channel. And at the

end, the real risks because there are

some real ones and what I think this

means for you. So, let's start with this

thing. This whole bet sits on labor.

According to the International Labor

Organization, labor is about 52% of

global GDP. Global GDP last year ran

around 118 trillion. Do the math and you

get an implied global labor market

somewhere around $60 trillion. That's

the pool robotics is aiming at the

actual cost of human work across the

planet. And that workforce is shrinking

in the places that need it most. Reports

show we have a global shortage of 85

million skilled workers by 2030. Now,

the robotics market itself today is

still small next to that 60 trillion. I

mentioned the forecast up top up to 218

billion by 2030, maybe past 370 billion

by 2034. Andrew Kang, the guy running

Robo Strategy, he pegs the current

private robotics market at roughly 100

to 150 billion. And he thinks it

eventually becomes a tens of trillions

kind of industry. Big claim, and I'd

hold it loosely, but put it next to that

$60 trillion labor pool and it stops

sounding crazy. And that's exactly why

my strategy is to spread the bets across

the field instead of betting the farm on

one name. A market this big creates a

lot of winners. It also creates a lot of

roadkill. I want exposure to the winners

without having to be perfect about which

one it is. So, here's the problem. If

you actually want to invest in this,

almost all of the best robotic companies

are private. Figure is private. Uptronic

is private. The most exciting, fastest

growing names in the space are nowhere

near a public listing. And the reason

matters, companies stay private way

longer than they used to. There's so

much capital floating around in private

markets now that a great company can

raise billions without ever touching the

public market. Look at OpenAI,

Anthropic, SpaceX. Enormous valuations

and the general public mostly watched

from the outside. Figure is the perfect

example. Back in early 2024, it raised

money at a $2.6 billion valuation. By

its series C last fall, it was valued at

39 billion. That's 15x under 2 years.

Basically, none of that climb was

available to a normal public investor.

So, what are your options today if you

want robotics on the public market?

Honestly, they're pretty thin. You can

buy big diversified tech companies that

happen to have a robotics arm where

robotics is a rounding error on the

income statement. Or you can buy Tesla.

Look, I love Tesla. It's my biggest

position. Optimus might end up being the

most valuable thing the company ever

builds. But Tesla is a oneplus trillion

dollar company. Optimus is one piece of

a very big pie. If you want concentrated

pure exposure to the robot buildup, even

Tesla only gets you part of the way

there. And that's the gap. The value is

getting created in private companies and

the public investor has almost no clean

way in. So that brings us to Robo

Strategy. The legal name is Robo

Strategy Incorporated. It trades on the

NASDAQ under the ticker bot B. It's a

great ticker by the way. It listed on

May 11th, so it's about a month old as

I'm recording this. Structurally, it's a

closed end fund. So what does that mean

in plain English? is a publicly traded

company whose entire job is to own a

portfolio of robotics and physical AI

businesses, mostly private ones, and

they let you buy a slice of that

portfolio on the open market. You buy

bot, you own a piece of the basket. The

man running it is Andrew Kang. He

founded a firm called Mechanism Capital,

which made his name in crypto and

frontier tech. He's now pivoted hard

into robotics, and Robo Strategy is the

first time he's ever taken outside

capital into an actively managed fund.

The model they're copying is the part

that makes this very interesting.

They're openly calling themselves, and

these are their words, the micro

strategy of robotics. You know the micro

strategy story. So, Michael Sailor

turned a software company into a public

vehicle that raises money into capital

markets and pours it into Bitcoin. The

stock became a way for public investors

to get leverage Bitcoin exposure. Robo

Strategy is running the same playbook,

except instead of Bitcoin, the asset is

equity in private robotics companies.

Kang's pitch is basically this. Bitcoin

got the micro strategy treatment.

Robotics is a bigger industry than

Bitcoin and far harder for a regular

person to access. So robotics needs its

own version. That's the whole thesis in

one line. Okay. So what does the fund

actually own and why should you believe

these guys can pick the winners? The

portfolio is a who's who of private

robotics. They've got Figure AI,

Uptronic, plus Dino Robotics, Standard

Bots, Dexmate, Cocoa Robotics, Path

Robotics, and a few others spread across

humanoids, robotic arms, mobile

manipulation, and the compute behind

them. The track record is what Kang

leans on hardest, and it's a real one.

So, about 2 years ago, when most VCs he

talked to were telling him to stay away

from robotics, he put roughly $19

million into Figure AI. That was his

first robotics bet. Figure was a

fraction of today's size back then. It's

now a $ 39 billion company. He got into

Uptronic early, too, before its

valuation tripled to over $5 billion

this year. And he's not just an early

check anymore. By his own account, Robo

Strategy is now leading rounds and

beating top tier venture firms for

allocations. In robotics right now,

allocation is everything. The best

rounds are oversubscribed and getting in

is genuinely hard. If a firm is winning

those fights, that's a real signal it

has access. Now, axis gets you into the

room. Picking right is a different

skill, and this is the part that made me

pay closer attention. The person running

their investment due diligence is

someone a lot of you already know from

this channel. My friend Dr. Scott

Walter. So, if you watch my robot shows,

you've seen Scott. We've done hundreds

of shows together. He's one of the most

respected voices in humanoid robotics,

40 years in the field, and he just left

the field to go work for Robo Strategy.

His title there is robotics research

diligence director. They shortened it to

R2-D2, which for robotics funny is

pretty funny, pretty perfect, too. In

his own words, he spent 40 years on the

playing field, and now he can do more

good in the front office, helping decide

which companies actually get the

capital. That matters to me when you're

betting on a fund's ability to pick

winners in a field full of hype. Having

a genuine engineer with decades of

hands-on experience kicking the tires in

every deal is exactly what you want. He

knows which demos are real and which

ones are smoke. That's a kind of edge

that doesn't show up in a pitch deck.

And the underlying companies are clearly

moving. Figure just signed a commercial

deal with Catalyst Brands. That's the

parent of J. C. Penney, Aropastel, and

Brooks Brothers. Figure starting to

deploy human or robots at their

operations in Reno, Nevada. That's a

portfolio company landing real paying

commercial work. A signed contract, not

a demo reel. And on production figures

bot Qline is now building a robot

roughly every 90 minutes. Electronics

got Google, Mercedes, and others writing

checks. These companies are scaling for

real. Now the mechanics because this is

where the micro strategy comparison

earns its keep and where the risk lives

too. A close-end fund like this has one

big structural advantage. The capital's

permanent. No fun life, no clock forcing

them to sell in seven or 10 years like a

normal VC fund. Kang can hold a position

as long as he wants, which for an

industry this early actually matters a

lot. And right after listing, they lined

up the fuel. Robo Strategy signed a

committed equity facility of up to $2

billion with a firm called Roth

Principal Investments. That's a standing

ability to issue new shares and raise up

to $2 billion over time, which they then

redeploy into more private robotics

deals. Here's the engine in plain

English. So, every share bought is

backed by a basket of robot companies.

Add up what that basket is worth, divide

by the number of shares, and you get the

value behind one share. On Wall Street,

they call that the net asset value or

NAV. Just think of it as the real value

packed into each share. Now, here's the

trick. Sometimes the stock trades for

more than that real value. People are so

excited about robots that they'll pay,

say, $150 for a share that only holds a

dollar of robot companies inside it.

That extra 50 cents is called the

premium. So, watch what the fund can do

with that. They sell new shares at

$1.50, take in the cash, and then go buy

a $150 worth of robot companies. They

collected a $150 but only had to back it

with a dollar value before. That gap

quietly makes every existing share worth

a little more. They raise high. They buy

assets and the value behind your share

ticks up. Then they do it again. That's

the whole loop. And it's exactly how

Micro Strategy grew its Bitcoin per

share. When it works, it's a flywheel.

The stock trades at a premium. They sell

shares into that premium. The value

behind each share climbs. That higher

value helps keep the premium going round

and round. It spins. So that one word

premium is the entire ball game. The

obvious question is what happens when

the premium goes away. Let's get into

that. Now let's be real about the risk

because there are some whole flywheel

runs on that premium. Look at Micro

Strategy. At its peak in late 2024, it

traded at almost four times the value of

its Bitcoin. By this year, that premium

had cooled to around 1.2 times. And when

the premium drifts down towards one,

issuing new shares stops helping you and

starts diluting you. Closeand fund can

also trade at a discount for long

stretches. Nothing guarantees bot sits

at a premium. If the mood turns, you can

own a dollar of robots and the market

only pays you 80 cents for it. Second,

these holdings are mostly private, which

makes them hard to value and hard to

sell. The fund's net asset value leans

on estimated marks for private

companies, not live market prices. If a

hot private round reprices lower, that

value moves down with it. And third,

this is simply early days. The fund is

about a month old. Andrew Kang has real

conviction and a genuinely good early

call-in figure. and they brought in

serious people like Scott Walter to vet

the deals, but it's still a young

non-diversified fund in one of the most

speculative corners of tech. If

humanoids take longer than hype says,

they might. This gets hit hard. So, both

things are true at once. The idea is

genuinely exciting and the risk are

genuinely real. I just want you walking

in with both eyes open. So, how do I

actually think about this as an

investor? So, for me, it comes down to

the role it plays in a portfolio. Robbo

strategy is a high-risisk, high

conviction holding. Nobody should

mistake it for a sleep well at night

position. It's a bet on a specific idea

that robotics follows the same private

market explosion AI just went through.

That a public vehicle can capture some

of that upside for you. If you believe

that bot is one of the only ways to

express it on the public market without

being an accredited investor writing

million-doll checks into private rounds.

That's the actual product here. Access

to something that's been locked behind

venture capital your whole life. The way

it framed the scenarios is simple. In

the bull case, robotic scales the way AI

did. The private marks keep climbing,

the premium holds, and the flywheel does

its thing. In the bare case, the

timeline slips, the premium collapses,

the fund trades at a discount, and you

found out the hard way what

concentration risk feels like. Both are

fully on the table. That's how it fits

my own approach. I told you my strategy

is to spread bets across as many serious

robot companies as I can because I'd

rather own a slice of the whole field

than gamble on one name. Bot is one

piece of that for me. So, here's what

I'd actually do with this. The first

thing is go read the source material

yourself before you touch anything. Robo

Strategy's own posts and their site lay

out the thesis and their holdings. Read

Andrew Kang's launch thread in his own

words. I'll link all of that below. Then

if you do look up bot, watch the premium

or discount to nav like a hawk. That

single number tells you whether the

machine is working for you or against

you. Buying a vehicle like this at a fat

premium is how people get hurt. There's

also a simple mental move that helps

separate the companies from the fun.

Figure electronic. These are real

businesses making real progress and the

Catalyst brand's deal is the proof. You

can believe in the robots and still be

careful with the rapper you buy them

through. After that, size it like the

speculative bet it is. Decide your

number before you buy, not after. And

the last one, keep watching Tesla and

Optimus as your baseline. If you want to

know how fast this whole trend is

moving, production ramps at Tesla,

Viger, and Electronic are your best live

signal. Okay, so let's zoom out for a

second. For years, the most exciting

part of technology has happened in

private behind a velvet rope and the

public investor got to buy in only after

the big gains were already gone. Robo

Strategy is a bet that robotics is too

big to get behind that rope. Check out

the sticker bought on NASDAQ. Whether

this exact fund turns out to be the

winner, I don't know yet. It's a month

old. But the gap it's trying to fill is

real and somebody's going to fill it.

Hopefully you enjoyed the show and found

it valuable. I'll see you in the next

one.