Alternative Investing Report - May 22, 2026

*as of 5/21; Sources: S&P, BTC, FTSE, DJRE, 30YM

Alphabet (Nasdaq: GOOG)
Current share price: $383.47 (market cap: $4.68 trillion)

Waymo
Most recent public valuation: $126 billion (February 2026)

• Even though it’s already worth more than $4 trillion, I still think Alphabet is underappreciated

• It has killer assets - Gemini, YouTube, Waymo, and stakes in SpaceX and Apptronik

• I think they might be the first $10 trillion company

• Even though it’s been impossible to get into, anybody that has an opportunity to get in on Waymo should try to

• Autonomous driving is an incredible sector

Here’s a list of our past expert investment picks.

Slava Rubin was co-founder and CEO at indiegogo in addition to being co-founder at Vincent, co-founder at Nillion and co-founder and Managing Partner of Humbition, an early stage venture fund. He is also currently a member of the board of NYSE traded (WSO) Watsco Inc.

Vincent co-founder Slava Rubin and Sacra co-founder Jan-Erik Asplund take an in-depth look at the autonomous driving market, looking at market leader Waymo and emerging startups, as well as existing big tech companies such as Tesla, Amazon, Uber, and Lyft. They cover market history, current dynamics, future predictions, and investment opportunities across the sector.

🚀 SpaceX’s IPO filing: The much-anticipated public offering is only a few weeks away, and the company’s S-1 was released, disclosing a lot of information about its financials. We will be digging into that and a whole lot more on June 8 at 3 PM ET in our next investor briefing.

🤖 OpenAI to file for IPO: The $850 billion AI company is reportedly going to be the next major private company to go public and could file a draft of its IPO prospectus as soon as today. The timing of its IPO may change depending on the success of the SpaceX IPO, but it could happen in Q4.

📉 Mortgage rates rise sharply: The average 30-year fixed mortgage jumped 15 basis points in the past week to 6.51%, and with bond yields rising and no Fed rate cut on the horizon, rates are much more likely to approach 7% by the end of the year than fall back into the 5s.

🏡 Latest construction data: Overall housing starts dropped 2.8% in April but were up 4.6% year-over-year, while building permits rose 5.8% monthly but are still down 0.2% year-over-year. Single-family construction has dropped while multifamily construction has jumped significantly, with permits up 11.5% and starts up 22.3% year-over-year.

🏢 Location-based entertainment: As trips to places like Disney World become increasingly unaffordable, entertainment-based retail options are growing in popularity. Arcades such as Dave & Busters, trampoline parks, kids zones, and escape rooms are expanding nationwide and filling previously empty large retail spaces.

🗼 Eiffel Tower section sold: A 9-foot tall section of the landmark’s original staircase sold for more than $520,000, triple the pre-auction high estimate, an example of the premium a unique historical item can command.

Monday: 🎨 Sotheby’s NY sales, 🚀 Anduril’s big raise
Tuesday: ⌚ Record collectible auctions, 🤖 Elon loses OpenAI lawsuit
Wednesday: 🤖 Google’s new AI models, 🏡 Pending home sales
Thursday: 🎨 New York Art Week results, 🏡 Hottest rental markets

Have a great weekend!