All-In's Best Ideas Pitch Competition: 4 Investors Present Their Top Trades Live

MGM Resorts offers massive asymmetric upside driven by an exclusive upcoming casino license in Osaka, Japan, and real estate optionality in Dubai, with a strong price floor established by Barry Diller's aggressive share accumulation and buyout bid.

The pitch highlights that MGM's Osaka casino (opening 2030) targets a massive, untapped Japanese and Chinese gambling market, while its Dubai property has pre-built casino space ready for potential legalization. Barry Diller's 26% stake and $48/share bid, combined with the company buying back half its float, limits downside.

• Barry Diller owns 26% of the company and bid $48 per share.
• MGM has bought back half of its float in the last 6 years.
• MGM holds an exclusive license to open a casino in Osaka, Japan, scheduled for 2030.
• MGM has built a property in Dubai with 300,000 square feet of empty space designed for a casino if gambling is legalized.

• Analyze the regulatory timeline and political sentiment for gambling legalization in Dubai.
• Review MGM's capital expenditure commitments and joint venture structure for the Osaka project.
• Track Barry Diller's SEC filings regarding his 26% stake and buyout proposal.

Talen Energy is a highly undervalued power producer trading below replacement cost that stands to generate massive free cash flow by supplying scarce nuclear and gas base-load power to energy-hungry AI data centers.

The pitch argues that AI data centers are driving an unprecedented surge in power demand, forcing tech giants to lock down nuclear capacity via long-term Power Purchase Agreements (PPAs). Talen operates in the tight PJM grid and trades at a massive discount to its replacement value.

• Talen Energy has 2 gigawatts of nuclear power and 6 gigawatts of natural gas base-load power.
• The company trades at a $25 billion enterprise value compared to an estimated replacement cost of $45 billion.
• Talen is projected to generate $50 per share of free cash flow by simply running its business and letting its Amazon data center contract roll up.

• Examine Talen's current debt structure and exact replacement cost calculations.
• Monitor regulatory rulings in the PJM market regarding behind-the-meter data center collocation.
• Analyze the sensitivity of Talen's FCF projections to interest rate fluctuations.

Aktis Oncology represents a high-conviction biotech play leveraging a proprietary mini-protein platform to deliver precise Actinium-based radiopharmaceuticals to solid tumors, protected by a unique supply-chain moat.

The company's radiopharmaceutical approach uses Actinium (sourced from US nuclear waste, making it off-limits to Chinese competitors) to target solid tumors with minimal side effects. It is backed by Eli Lilly and has upcoming clinical readouts in 2027.

• Aktis Oncology (AKTS) recently went public with a $300 million IPO, backstopped by a $100 million order from Eli Lilly.
• The company's lead programs target Nectin 4 and B7H3, with initial clinical data expected in 2027.
• The Actinium payload is manufactured from Radium 233, a legacy waste product of US nuclear programs, creating a supply chain moat that is inaccessible to China.

• Review the clinical trial design and patient enrollment status for Aktis' Nectin 4 and B7H3 programs.
• Investigate the global supply chain and manufacturing constraints of Actinium-225.
• Assess competitive solid tumor therapies currently in Phase I/II trials.

GEODNET is a highly capital-efficient, decentralized physical infrastructure network (DePIN) poised to monopolize high-precision RTK geolocation for robotics, drones, and autonomous driving.

By using token incentives on the Solana blockchain, GEODNET rapidly built the world's largest RTK network at a fraction of the cost of legacy competitors. It uses 80% of its revenues to buy back its native GEOD token on the open market, creating a direct value accrual mechanism.

• GEODNET provides centimeter-level precision (RTK) compared to standard GPS (2-meter precision).
• The network has over 22,000 nodes deployed across 150 countries, built via decentralized crypto incentives.
• The project has crossed $11 million in annualized run rate, with 80% of revenue used to buy back GEOD tokens on the open market.

• Verify the token buyback transactions and smart contract addresses on the Solana blockchain.
• Evaluate the technical feasibility and cost of LEO satellite constellations replacing ground-based RTK networks.
• Analyze GEODNET's customer concentration and contract terms with major partners like TomTom and DJI.