{
  "generatedAt": "2026-10-22T03:46:57Z",
  "disclaimer": "Analysis and opinion, not investment advice.",
  "kind": "person",
  "slug": "kevin",
  "name": "Kevin",
  "role": null,
  "url": "https://deepstack.ltd/people/kevin/",
  "api": "https://deepstack.ltd/api/v1/entities/people/kevin.json",
  "summary": "Kevin is named in 4 Parts of The Buildout, most recently Part 11: The Backlog Is Not the Quarter. Argued in Part 11 (A backlog is a promise).",
  "parts": [
    {
      "part": 2,
      "headline": "SpaceX Is Funding an AI Bet Before the Proof",
      "url": "https://deepstack.ltd/stories/spacex-after-the-ipo-exit-liquidity/"
    },
    {
      "part": 4,
      "headline": "AI Spending Has Met Its First Real Bill",
      "url": "https://deepstack.ltd/stories/the-market-stops-paying-for-faith/"
    },
    {
      "part": 7,
      "headline": "The Fed Hiked. The Long End Still Climbed.",
      "url": "https://deepstack.ltd/stories/the-fed-hiked-the-long-end-kept-climbing/"
    },
    {
      "part": 11,
      "headline": "The Backlog Is Not the Quarter",
      "url": "https://deepstack.ltd/stories/the-backlog-is-not-the-quarter/"
    }
  ],
  "numbers": [],
  "mentions": [
    {
      "part": 2,
      "section": "The customer test",
      "excerpt": "And the demand exhibit is a signed contract rather than an inference: Kevin Gee documents Anthropic’s agreement to pay SpaceX $1.25 billion a month for compute through May 2029, roughly $45 billion in total.",
      "url": "https://deepstack.ltd/stories/spacex-after-the-ipo-exit-liquidity/"
    },
    {
      "part": 2,
      "section": "The customer test",
      "excerpt": "Kevin Gee’s wider question is the one the stock cannot answer with a slide: can the market absorb three trillion-dollar cash-burning IPOs in a single window, with OpenAI still to come?",
      "url": "https://deepstack.ltd/stories/spacex-after-the-ipo-exit-liquidity/"
    },
    {
      "part": 4,
      "section": "Arithmetic sets the test",
      "excerpt": "Kevin Gee’s A Letter a Day, relaying Oscar Hattink’s 2026 letter, puts the burden on the customer.",
      "url": "https://deepstack.ltd/stories/the-market-stops-paying-for-faith/"
    },
    {
      "part": 7,
      "section": "Lede",
      "excerpt": "At the press conference, Neil Irwin of Axios asked Kevin Warsh what the bond market was telling the Fed.",
      "url": "https://deepstack.ltd/stories/the-fed-hiked-the-long-end-kept-climbing/"
    },
    {
      "part": 11,
      "section": "A backlog is a promise",
      "excerpt": "Kevin of 100 Bagger Hunting, writing on September 11 about Ilyda, withholds conviction past 2027, because roughly 15% of revenue depends on EU and state tenders whose timing is unknown.",
      "url": "https://deepstack.ltd/stories/the-backlog-is-not-the-quarter/"
    }
  ],
  "sides": [
    {
      "part": 11,
      "question": null,
      "side": "a-backlog-is-a-promise",
      "sideLabel": "A backlog is a promise",
      "claim": "Roughly 15% of revenue is tied directly to EU and state tenders where timing is unknown and awards are not always publicly announced, and a significant portion of private-sector spending is supported by EU or government funding incentives, so the…",
      "date": "2026-09-11",
      "url": "https://www.100baggerhunting.com/p/a-software-monopoly-priced-like-a",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/the-backlog-is-not-the-quarter/",
      "sidesUrl": "https://deepstack.ltd/sides/the-backlog-is-not-the-quarter/"
    },
    {
      "part": 11,
      "question": null,
      "side": "a-backlog-is-a-promise",
      "sideLabel": "A backlog is a promise",
      "claim": "Ilyda is currently assessed as a genuinely good business at a boring price, with issues around revenue visibility post-2027; Kevin says his process leans more on future predictability, so he needs a better estimate of the future than just the CEO's…",
      "date": "2026-09-11",
      "url": "https://www.100baggerhunting.com/p/a-software-monopoly-priced-like-a",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/the-backlog-is-not-the-quarter/",
      "sidesUrl": "https://deepstack.ltd/sides/the-backlog-is-not-the-quarter/"
    }
  ],
  "coverage": null,
  "lastUpdated": "2026-10-22"
}