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While today is as disappointing as ever, I do find it super bullish long term for this sector $SPCX going public
It’s good to have an established name at the top with a high valuation.
It leaves rooms for the smaller companies to run as they start generating billions in revenue.
The future is bright, space is the next frontier. $ASTS
$SPCX is set to open over $2T marketcap that we’ve been predicting for months.
Meanwhile $ASTS is down 12% at $37bn.
I’d say this is a hell of a long term opportunity. NFA
Couple notes from $ASTS annual meeting
Midband BB (Block 3) could be launched by end of year. Expected to start manufacturing it after BB45
ASIC BBs in progress expected to 2x peak data speed for near 200 Mbps
Fully funded to 100 BBs
Accelerating commercial DAs & possible pre payments
The day is here 🚀
Something we’ve been covering months and months. The largest Space stock and $ASTS biggest competitor goes live today $SPCX.
At a $1.75T start, we expect this to highlight how cheap $ASTS is.
Let’s have a day!
The largest IPO in history drops on Vest Markets this Friday.
$SPCX, SpaceX, at $135 per share and a $1.77T valuation.
Demand is 4x oversubscribed at $250B , against the $75B raise. Pricing set for Thursday.
Trade $SPCX this Friday on Vest Markets.
$SPCX$ASTS
Here’s my view.
If the SpaceX IPO doesn’t succeed (and when I say succeed, I mean surpassing sell-side targets which are 30% above the IPO listing) then America and capitalism fails. Trump will not ever allow this. The investment banks that are aware of the billions of dollars of future potential fees will not allow this. SpaceX will need to raise $100 s of billions over the next 5 years to fulfill Elons AI pipe dream. It’s no longer a space company. How does that get done? Equity raises, debt, possible merger with Tesla. Do you really think the J.P. Morgan’s and Goldman’s of the world will allow this to fail? Even Blackrock is putting up $5B upfront for a cash incinerating machine that overstates its cash flows (vendor financing, capitalizing launch costs, etc). Capital markets are rigged, get used to it.
How am I playing it? With massive fucking leverage on the only pure play next generation connectivity platform, AST spacemobile.