Karl Meltzer | Speedgoat, UTMB, and Trail Running’s Boom

Karl Meltzer’s Speedgoat nickname was adopted by HOKA for a trail shoe, Red Bull backed his Appalachian Trail attempt, and his Speedgoat 50K joined the UTMB World Series.

Josh Rosenthal
August 17, 2026

Trail running has exploded into a global business, and Karl Meltzer somehow ended up at the center of it. HOKA turned his Speedgoat nickname into one of trail running’s defining shoes, Red Bull backed his Appalachian Trail record attempt, and UTMB eventually bought the race he created.

Karl has spent the last three decades standing almost exactly where trail running’s underground culture has collided with its commercial future.

Long before trail running became a meaningful category for footwear companies, Karl was racing. Long before athletes built businesses around their audiences, he was figuring out how to make a living as an ultrarunner. Then the industry started catching up to him.

HOKA took his nickname and put it on a shoe.

The Speedgoat became one of the defining trail shoes of the modern era. Karl Meltzer’s identity suddenly existed on the feet of runners all over the world, many of whom probably had no idea there was a person behind the name.

Red Bull came along and helped fund his attempt to break the Appalachian Trail record.

Karl also built his own race in Utah. He called it the Speedgoat 50K. Eventually that race became valuable enough that UTMB acquired it and brought it into the UTMB World Series.

Think about that trajectory.

A nickname earned by an ultrarunner becomes a global footwear franchise. A mountain race built by that same runner becomes part of the largest trail running series in the world. An energy drink company helps fund an Appalachian Trail record attempt.

All of it happened to one guy.  But that one guy isn’t trying to build a grand myth about himself.

That tension runs through our conversation.  I keep trying to build that myth and keeps calling himself lucky.


Trail running is currently wrestling with growth almost everywhere you look. UTMB is expanding. Brands are spending more. Athletes are becoming professional creators and marketers. Races are becoming assets. The sport is figuring out what parts of its old identity should survive and what inevitably changes when more people and more money arrive.

Karl doesn’t offer an outsider’s critique of that transformation.  He lived it and in many ways, he won.  That’s what made this conversation worth having now, as the trail running world heads toward Chamonix once again.

Karl Meltzer isn’t simply a figure from ultrarunning’s past. His life connects an astonishing number of forces determining its future.

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Written by

Josh Rosenthal is the founder of Borderlands, an editorial media company built around trail running, ultrarunning, and the culture surrounding the sport. Through essays, films, interviews, and the Borderlands Trail + Ultra Running Podcast, he is building Borderlands into a media institution for deeper stories, sharper counterpoints, and a fuller celebration of trail running. His work brings taste, curiosity, and cultural analysis to a sport often covered through race results, gear, and athlete-led narratives.