2025-07-24
1 小时 4 分钟Guys,
this is one of the most amazing entrepreneurs that you're gonna meet Jim Letinsky this founder and CEO of MP materials So let me let me set this up Jim was a hedge fund guy running a pretty successful hedge fund And he ended up basically investing in something called Molly corp,
which went out of business.
Yep.
No, and you did this incredible thing, which is you said, you know what screw this?
you essentially shuttered the fund took over the company and Fast-forward many years later.
You are the largest and only I think Supplier and refiner of rare earth materials and maker of magnets inside the United States We're a hundred percent of the American industry hundred percent of the American industry You know just did two really incredible things actually in the last couple weeks one was you announced an enormous public-private partnership with the DoD $400 million,
etc.
And then the second is you announced a really big deal with Apple.
Yes.
Okay.
So yeah, take a huge step back.
Talk to us why rare earths matter.
Tell us about the supply chain for AI.
Tell us why you're doing this.
So rare earth magnets are really the feedstock to physical AI.
You know, robots, drones, everything we're talking about today,
the biggest industry in the world to come.
Essentially, electrified motion requires rare earth magnets.
So you mentioned the predecessor when bankrupt,