Behind the Markets Podcast: Jovine’s Research, Explained

Searches for the Behind the Markets podcast tend to spike every time Dylan Jovine releases a big presentation, and his latest, “Elon’s 100X AI Stock,” is doing exactly that. People watch the video, want to know more about the voice making the argument, and go looking for the audio version of the research. So here is the honest map: what the service is, what the pitch says, and where the podcast and the research letters fit together.

What Behind the Markets Actually Is

Behind the Markets is Dylan Jovine’s flagship monthly research service, not primarily a podcast. The pitch describes the editorial method plainly: “Every month, I go looking for the stories that move money before they hit the front page… Then I hand my readers one specific, researched way to act on each one: the name, the ticker, and the price I’d pay.” If you have seen the Superdeal campaign from October, this is the same shop, and we covered what the Behind the Markets service actually is, from our Superdeal coverage, along with Jovine’s Superdeal stock pick. The multimedia pieces, including the video presentation people often find by searching for the podcast, are the marketing arm that funnels into that monthly letter.

The Argument in the Current Presentation

The pitch behind the current wave of searches runs like this. The four biggest hyperscalers are pouring a combined $725 billion into AI infrastructure in 2026, with 16 gigawatts of new U.S. data center capacity opening this year, and the electric grid cannot keep up. Morgan Stanley is cited projecting a 49-gigawatt shortfall for data centers by 2028. Google, the pitch says, now waits up to 12 years to get a new data center hooked up. Denver, Oklahoma City, and Tulsa have paused new data centers, and Maine’s legislature voted to ban them outright.

Jovine’s framing of Musk’s answer is quotable: “The answer to this problem is NOT on Earth… Build it up there.” The pitch leans on two Musk statements, “The cheapest place to put AI will be in space within 36 months or less” and “Space-based AI is obviously the only way to scale,” plus a real artifact: a satellite called AI1 with 230-foot solar wings, longer than a Boeing 747’s wingspan. The physics case is that orbital solar generates roughly eight times the energy of the same panel on the ground, while space’s 250-degrees-below-zero environment provides cooling no terrestrial data center gets for free. We wrote about orbital data centers as an investment theme if you want that angle in depth.

The Supplier Twist

What separates this campaign from a generic “space AI” pitch is the investment angle. Jovine does not ask you to bet on a Musk company directly. His claim is that there is “one AI company that Elon needs for his massive satellite fleet,” and that Musk has been “quietly paying this obscure firm since 2012.” The line that anchors the whole thesis: “Elon doesn’t own that chip. He licenses it. That means, every time a Tesla rolls off the line… Every time SpaceX launches an AI1 satellite… This company gets paid.”

The company is never named in the presentation; the name, ticker, and buy instructions are inside the first research report that comes with the subscription. The clues point toward a chip-IP licensor working on a royalty-per-unit model, with designs running Teslas, Starlink dishes, and the AI1 satellites, and with data center royalties the pitch says doubled last year and the year before. We want to be direct about this: that identification is unconfirmed. A fingerprint is not a name, and no article of ours will assert one.

December 8th, and Why the Pitch Repeats It

The date driving the urgency is the final SpaceX IPO lockup tranche. SpaceX listed in June in the biggest IPO ever, and the shares have been coming loose in stages. On December 8th, “the last block of roughly 800 million insider shares comes loose, all at once,” which the pitch values at more than $100 billion at the IPO price. Jovine’s take is that insider money rarely sits still and often chases the next idea the insiders already know from the inside. That is a defensible thesis, but it is a thesis, not a filing. We examined the same December 8 event from every angle in our SpaceX lockup expiration coverage.

The Offer, Stated Plainly

A year of Behind the Markets costs $49 right now, discounted from a listed $399 regular price. The guarantee is six months, full refund, and you keep the research reports even if you cancel. Four bonus reports come with membership, including the one carrying the 100X stock’s name and ticker. The company cites an A+ Better Business Bureau rating.

Our Honest Read

Jovine is a genuine researcher with dated, checkable calls, and the presentation is one of the better-argued promos in the genre. The substrate is real, from the grid bottleneck to the orbital data center race. What you cannot verify before subscribing is anything specific about the unnamed supplier, and that is the part every reader should weigh honestly. If you want to hear the argument in the presenter’s own voice, the full presentation is available here, and it is worth your time even if you end up passing on the subscription.

NewsletterVetter is an independent publication. We receive compensation from some of the services we review through affiliate links. Nothing on this site is investment advice. Always do your own research.