Redeye to the Red Planet

Did you see what Elon Musk is up to now?

Musk made billions as an early investor and CEO of PayPal. He parlayed that fortune into Tesla, SpaceX and SolarCity – each an ambitious attempt to revolutionize an industry (cars, space travel and energy). He’s done remarkable work in all three areas.

And this week, he announced his intent to colonize Mars.

Musk’s plan is to build enormous rockets that are reusable (to cut costs) to launch into orbit huge spaceships that can carry a hundred passengers. Then a separate rocket launch will bring fuel to the spaceship, top it off and whoosh! Off to Mars.

The journey will take more than three months. Man, I’d hate to be stuck in a middle seat.

Musk promises that the trip will be “fun,” with zero-gravity games and a pizza parlor on board. But dude, three months? I love pizza, but how much pepperoni can one man eat?

Seriously, the plan is audacious but perhaps not entirely science fiction. That’s what makes Musk so compelling: he thinks big, then puts his money where his mouth is.

It’ll be years before we find out if the Mars idea is viable. In the meantime, Musk’s investments will push the boundaries in both space and energy storage (a key technology that cuts across all of his companies). As with NASA-funded research in the 1960s and 1970s, these new technologies could spawn any number of products and businesses – which will be fun for investors.

Innovation is the lifeblood of economic growth, and it keeps investors rightly looking for future fortunes to be made. In 1980, no one anticipated the extent to which personal computers would transform lives. In 1990, few predicted how much the Internet would do the same. In 2000, the mobile revolution had barely begun – and no one had heard of an iPhone.

At Investing Daily, our analysts are always looking around the next corner for investments that will skyrocket in value thanks to new technologies. They’re out there – history tells us that. But they’re difficult to distinguish from the dozens of other investments that will flop.

Linda McDonough is one of the best anywhere at separating the wheat from the chaff. For years she’s been uncovering hugely profitable ideas as an analyst for hedge funds. Now you can benefit from her perspicacity, too.

In fact, she’s discovered a stock that benefits from a tiny technology that is already transforming the Internet – and promises to transform investors’ portfolios as well. Watch this video to find out more.