Activist investor Randian Capital is betting on Clear Secure, arguing the new government efficiency push could turn the company into national infrastructure. Their thesis relies on the TSA potentially outsourcing security functions to Clear to cut costs and wait times. They also suggested a partnership with Palantir for AI threat detection. Randian sees 50% to 100% upside and wants management to use leverage for $200 million to $300 million in stock buybacks. Short interest is currently around 17%.