Could Elon make you a millionaireX returns?
Editor's Note: Former tech executive Jeff Brown picked Nvidia in 2016. It's up 25,155% since. He recommended Bitcoin at $240. It's up 31,219% since. And he's been ahead of the curve on Elon Musk's businesses for over a decade. In fact, he was one of the first to predict SpaceX's IPO. But today, he says this goes beyond SpaceX. Elon is building something even bigger. And you can get in right now, on the ground floor. Click here for the details or read more below.
Dear Reader,
Imagine having an AI agent…
Whose only job is to generate stock market profits, over and over again.
While you sleep…
While you golf…
While you spend time with your grandkids…
It could be making money in the background.
Your dream retirement — automated...
The AI agent generates the profits for you.
Well, this is no longer a science fiction fantasy…
Elon Musk thinks he’s pulled it off.
In the short term, Musk has said it’s “not impossible” to see his AI agent return 70 times the investment.
If he’s right… just $15,000 invested in Elon Musk’s AI agent — would make you a millionaire.
You don’t need to be tech savvy at all.
Anyone can do this… young or old.
You won’t have to program anything or even download an app or anything like that.
It requires just one simple move by you.
And Musk’s AI agent does the rest.
You set how much you want to invest.
It could be as little as $100…
And you can sell and cash out, any time you want.
Now here’s what’s even better:
Former tech executive Jeff Brown will walk you through it.
Regards,
Chris Hurt
Host, Elon Musk’s 70X AI Agent.
Monday, October 12, 2026
What the Titanium Tariff Protects
A country with zero ore supplies 73% of the metal.
Every F-35 fighter jet contains about 4,000 kilograms of titanium. The US produces almost no titanium sponge commercially. Sponge is the raw form of titanium before mills shape it into metal for aircraft. The last major American sponge plant closed in 2020.
This was not a surprise. In November 2019, the Commerce Department finished a Section 232 investigation. That is the formal process for deciding whether imports threaten national security. The finding was direct. The US risked total dependence on foreign titanium sponge. It could lack surge capacity for defense needs in an emergency.
The last major plant closed the next year. Six years later, the dependence is near-total.
The Big Idea
Three forces were supposed to secure the US titanium supply. A sourcing rule, a protective tariff, and government funding each made sense on its own. Together, they lock in the very dependence they were built to prevent.
Legendary investor Stanley Druckenmiller once said:
“You don't get rich by diversifying into 50 mediocre assets. You get rich by finding two or three asymmetric home runs.”
Jeff Brown just found this NEW asymmetric home run he calls “Elon Musk’s One Stock Retirement Plan.”
The Rule That Narrows the Pool
DFARS, the Defense Federal Acquisition Regulation, sets sourcing rules for military materials. Titanium for defense must come from the US or a qualifying allied country. China, Russia, North Korea, and Iran are excluded. The rule applies at every tier of the supply chain.
This sounds prudent. In practice, it channels the entire US defense titanium supply through a handful of countries. In 2025, the US imported an estimated 44,000 tons of sponge. Japan supplied 73%. Kazakhstan and Saudi Arabia split most of the rest.
Japan has zero titanium ore. None. It imports all feedstock from countries like Canada, South Africa, and Australia. It processes that material into sponge. Then it ships the sponge to the US. The American supply chain has its own supply chain. The country the US depends on most depends on others for its raw material.
Observation: Japan provides nearly three-quarters of US titanium sponge but has no domestic titanium ore.
Interpretation: DFARS narrows the pool to allied nations. The largest supplier in that pool carries a single point of failure of its own.
The Tariff With No One Left to Protect
Most titanium sponge imports carry a 15% tariff. It was designed to keep American sponge producers competitive. Those producers have all but disappeared.
The Section 232 investigation spelled out the mechanism. Cheap allied imports undercut the capital needed to modernize US sponge plants. The plants could not justify the cost. They closed. The tariff did not save them.
Now the tariff taxes the only supply the US is allowed to use. Almost no domestic capacity remains to protect. Mills that buy imported sponge pay the duty. They pass the cost into aircraft and defense parts. A bipartisan bill, the Securing America's Titanium Act, would remove the 15% sponge duty. It has not passed.
Observation: The 15% sponge tariff persists six years after the last major US sponge plant closed.
Interpretation: The tariff now functions as a cost on a dependency, not a shield for domestic capacity.
The Fix That Covers Less Than One Percent
The primary domestic response is IperionX, an advanced titanium manufacturer in Virginia. The company turns scrap and powder into aerospace-grade material. The federal government has awarded it over $60 million since 2023. Part of that money came through the Defense Production Act. The law gives the government authority to fund and direct domestic production for national defense.
The scale tells the real story. As of March 2026, IperionX produced about 50 tons per year. The ramp-up plan moves to 200 tons by year-end, then 1,400 by mid-2027. Set that against US consumption of 44,000 tons per year. At full target capacity, the program would cover about 3.2% of demand. Today it covers roughly 0.11%.
No new traditional sponge plant is under construction. No verified capital is flowing toward one. The funded program targets 3% of demand at best. The other 97% still comes through the import pipeline.
Observation: The largest funded domestic titanium program targets 1,400 tons against 44,000 tons of annual consumption.
Interpretation: The policy response operates at roughly 3% of the scale required. The structural deficit persists regardless of the program's success.
Quick Hits
Boeing reached 100% non-Russian titanium sourcing by 2025.
Russia's sponge output fell 24% in one year, from 33,000 to 25,000 tons.
Chinese sponge carries a separate 25% tariff on top of the 15% base rate.
China and Russia hold 72% of global sponge capacity. Qualifying for Western aerospace takes three to five years.
A new Saudi sponge plant adds 15,600 tons per year to the allied supply pool.
Boeing and Airbus hold a combined backlog of over 15,400 aircraft.
What the Titanium Gap Looks Like From Here
The three forces are still in place. DFARS channels all defense titanium through a small set of allied suppliers. The 15% tariff raises the cost of that supply. Government funding supports one company at less than 4% of the needed scale.
Each force had a rational origin. DFARS keeps adversary nations out of the defense supply chain. The tariff was meant to shield domestic producers. The funding targets a real technology. No single actor made an irrational choice. The system produced this outcome anyway.
Three signals are worth tracking over the next several months. First, whether IperionX hits its 1,400-ton target by mid-2027. Second, whether the Securing America's Titanium Act passes and removes the 15% sponge duty. Third, whether new Defense Production Act funding targets traditional sponge production at a larger scale. Each of these three signals would change one of the three forces. None has changed yet.
The Map So Far
The US identified its titanium vulnerability in 2019. Every force that created it remains in place. The fighter jet flies, built from a metal America barely makes, imported from a country that mines none of it, taxed by a tariff with no one left to protect.
Until next time,
The Navigator
