At the All-In Summit's inaugural Best Ideas Pitch competition, four investors presented high-conviction stock and crypto picks to an audience of founders and allocators, with presentations judged by both the crowd and the podcast hosts. Aaron Cowan of Soreta Capital won the competition with a pitch on MGM Resorts, revealing that billionaire Barry Diller had just submitted a surprise $48 per share takeover bid after accumulating 26 percent of the company. Cowan argued Diller is targeting MGM's hidden Osaka casino license, which could open in 2030 and generate $2 billion in EBITDA, potentially tripling the stock to over $100 per share. Daniel Dreyfuss of EQT presented Talon Energy, a nuclear and natural gas power producer trading at $25 billion enterprise value against $45 billion replacement cost, positioning it as a pure play on surging AI data center power demand. Dreyfuss disclosed that Microsoft recently agreed to pay Constellation Energy double market rates to restart Three Mile Island, and cited PJM grid operator forecasts showing 106 gigawatts of new capacity needed in the next decade in one region alone. Oleg Nodelman of EcoR1 Capital pitched Actis Oncology, a radiopharmaceutical startup backed by Eli Lilly targeting solid tumors with precision radioactive payloads, trading at $1 billion market cap with clinical data expected in 2027. Kyle Samani, formerly of Multicoin Capital, presented Geodnet, a decentralized RTK network token that has deployed 22,000 high-precision GPS base stations globally in four years—double the infrastructure of three legacy incumbents who have been building for 30 years. The presentations sparked debate on regulatory risk in AI power markets, China competition in biotech, and the viability of satellite alternatives to ground-based networks. Audience and host voting both favored the energy and casino plays over the higher-risk biotech and crypto assets.
Aaron Cowan revealed that Barry Diller submitted a surprise $48 per share bid for MGM Resorts just days before the conference, after accumulating 26% of the company. Cowan argues Diller is targeting MGM's undervalued Osaka casino license, which could generate $2 billion in EBITDA and drive the stock to $100-$150 per share. MGM has also repurchased half its float over six years.
Read this moment →Daniel Dreyfuss cited official PJM grid operator projections showing the Pennsylvania-Jersey-Maryland region alone requires 106 gigawatts of new power capacity within a decade—equivalent to Japan's total consumption. He argued this timeframe is impossibly short for infrastructure buildout, meaning planned coal retirements will be canceled and existing power assets will command premium pricing.
Read this moment →Kyle Samani disclosed that Geodnet, a decentralized crypto-based RTK network founded in 2021, has deployed 22,000 base stations globally in just four years, doubling the combined infrastructure of three legacy incumbents who have been building for three decades. The network uses hobbyists deploying $300 base stations on rooftops to achieve scale at a fraction of traditional costs.
Read this moment →Daniel Dreyfuss revealed Microsoft agreed to pay Constellation Energy double current power prices—$100 per megawatt hour versus the $50 market rate—under a 20-year contract to restart the infamous Three Mile Island nuclear reactor. The deal illustrates hyperscaler desperation for AI data center power and marks a dramatic reversal for a facility synonymous with nuclear disaster.
Read this moment →Daniel Dreyfuss referenced a recent statement by Nvidia CEO Jensen Huang projecting AI will require 1,000 times current power capacity, an assertion that would necessitate deploying every available energy source including nuclear, solar, and orbital solutions. The claim underscores extreme supply chain constraints and long-term tightness in power markets regardless of AI adoption pace.
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