That would be great, but I doubt they'll allow my porn sites on it.
Anyone investing heavily this year??
- Thread starter rph2005
- Start date
That would be great, but I doubt they'll allow my porn sites on it.
Do you remember when Facebook stated they were going to use chatCPr to solve medical problems?
The Dicks Sporting near me been empty every time I visit lately. Probably because 1 nike shorts is about $60 and their in house brand clothing is seems low quality.
I noticed that too. I thought about mentioning it, but I wanted to keep it positive. Academy Sports stores are also empty. They seem too big to be money laundering fronts, right?
Yeah I've noticed that too. The one buy my crib in DC is normally filled with people, but since I moved down here to Charlotte, the one near me now is very empty.
Plus I noticed the starting pay is $12 down here....I was like WTF?
The one near my mom's crib in Columbia, SC did go out of business about 3 months ago...
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Space Could Be a $1 Trillion-Dollar Business. Here Are the Stocks to Play It.
SpaceX's Starship isn't the only space-related blowup recently. Space stocks, too, have crashed, and while most are never coming back, a couple might be worth buying out of the wreckage.
It wasn't that long ago when space was the next big thing in the stock market. Two years ago, special purpose acquisition companies, or SPACs, were all the rage -- and space stocks used the vehicles to go public. Companies including Astra Space (ticker: ASTR), which provides launch services; Earth observation company Spire Global (SPIR); and Momentus (MNTS), the FedEx of space, all came public with much fanfare -- and now trade for less than a buck. All told, the Procure Space exchange-traded fund (UFO), which counts among its largest holdings Iridium Communications (IRDM) and Viasat (VSAT) -- two companies that preceded the SPAC boom -- has fallen 36% over the past two years, far worse than the S&P 500's 1% decline.
Space could still be on its way to being a big business, even if the stocks have flopped. ProcureAM CEO Andrew Chanin points out the highest estimate for the "cislunar" economy -- that is, all the activity between the earth and moon -- is $10 trillion by 2050. The increasing frequency of rocket launches, along with the shrinking size and cost of satellites themselves, are creating early opportunities in space in everything from communications applications, Earth observation, satellite services, and construction. Later, permanent moon installations and commercial space stations will provide even more opportunities for growth.
The space value chain begins with launches. In 2022, there were 186 successful rocket launches, 41 more than in 2021, according to Deloitte. And more companies are getting into the action. SpaceX launched 61, more than one-third of the total, equal to the number of Chinese launches and more than every other country combined. Rocket Lab USA (RKLB) launched nine times in 2022. United Launch Alliance, the 50/50 joint venture between Lockheed Martin (LMT) and Boeing (BA), had eight launches. Companies can make from $20 million a launch for sending satellites into low earth orbit to $ 300 million a launch for taking astronauts to the International Space Station.
While launches get the most attention -- who doesn't thrill at the sight of a rocket leaving the pad? -- satellites are where the money is right now. Look at the sky on any given night and it shouldn't be more than 15 minutes on average before one streaks across your field of view. There are now an estimated 7,800 functional satellites in space, a number that's growing all the time. According to the Space Foundation, a nonprofit organization, operators deployed 2,354 spacecraft in 2022, a 36% annual increase.
Most of those fleets are made up of small, commercial satellites that can cost up to $100,000 each. While they have shorter life spans than traditional geostationary satellites, their comparatively low cost also makes them easier to upgrade. It's a dynamic seen firsthand by Jay Monroe, who has been involved in the space business since he led a rescue of satellite communications provider Globalstar (GSAT) from bankruptcy in 2004 and now serves as its executive chairman. The company is planning the launch of 17 satellites by the end of 2025 to replenish its fleet. Monroe estimates it will cost $500 million in total, with some support coming from Apple (AAPL), in exchange for reserving capacity for emergency messaging on new-generation iPhones.
"If you look back at Globalstar's first constellation, which began launching in 1998...those would have cost a multiple of what we're spending today to do the same technical function," Monroe says.
All those satellites are unlocking other opportunities. SpaceX and Globalstar aren't the only companies trying to connect cellphones to satellites -- other projects are under way by Iridium and AST SpaceMobile (ASTS). Satellite broadband is set to represent 50% of the projected growth of the global space economy by 2040, according to analysts at Morgan Stanley.
"This is a trillion-dollar market opportunity," says Mark Boggett, CEO of Seraphim Space, a space-focused venture- capital firm with a portfolio of 105 investments, including AST SpaceMobile. "This has the potential to turn one of the most important industries on its head."
Those satellites also offer the ability to monitor what's happening on earth. Russia's invasion of Ukraine is just the latest event to be tracked in minute detail from space. Artificial-intelligence tools could unlock new uses for satellite-generated data in areas such as climate-change monitoring, supply-chain planning, and military planning. The market for data and services from earth-observation companies is set to reach $7.9 billion by 2031 from $4.6 billion in 2021, according to research firm Euroconsult.
Big business doesn't guarantee good stocks. When Barron's put space on its cover in 2021, the excitement was palpable partly because a boom in capital raising by SPACs was providing cash to a bevy of space start-ups, including Rocket Lab, BlackSky Technology (BKSY), and others. The combined market capitalization of the new public companies was roughly $25 billion, while SpaceX was worth about $75 billion, giving them a combined value of $100 billion. The same group of space-stocks-plus-SpaceX is now worth about $145 billion, up 45%. Only now, SpaceX is worth roughly $140 billion and the rest have lost 90% of their value from their record highs.
Today, most of the space start-ups look too risky for investors. Before their mergers, the space companies that IPOed via SPACs had expected to generate sales of about $3.2 billion in 2023. That number will be closer to $1 billion, based on Wall Street's current projections. Start-ups such as Momentus, Astra, and Spire are now trading below $1, putting them at risk of being delisted by the Nasdaq stock exchange.
But even companies that have been at it for a while have to deal with the high costs and limited life spans of what they produce, making it a difficult area to invest in. For every winner like Iridium, which has gained 69% over the past two years, there's a company like Viasat, which has fallen 25%. They are also the kinds of businesses that might do better without the scrutiny of public markets -- one reason, perhaps, that Maxar Technologies, which provided imagery of Ukraine early in the war, was acquired earlier this month by a group led by private-equity firm Advent International for $53 a share, which values the entire company at $6.4 billion, or about 50 times estimated 2024 earnings.
There are two standout start-ups from the initial batch of 2021 SPACs. Rocket Lab, whose shares have dropped 59% to a recent $4.10 over the past two years, provides both launch services and makes its own satellites, giving it multiple ways to win. "When you look at all the satellites launched over the next decade or so, there's a real need for a...constellation-building machine," says Rocket Lab CEO Peter Beck.
In other words, finding the right investments isn't as simple as buying a basket of stocks and waiting for the prices to rise. "Space is hard and capital intensive," writes Citigroup analyst Jason Gursky. "The science of designing survivable spacecraft is not easy. Delays are frequent. Launches explode."
That's showing up in Rocket Lab's numbers. The company is expected to generate about $290 million in 2023 sales, about 8% better than the company forecast when it went public back in 2021, making it one of the few SPACs to offer realistic revenue goals. BofA Securities analyst Ron Epstein projects $320 million in 2023 sales. He rates shares Buy and has a $13 price target, up about 217% from recent levels. That might be aggressive, but even a rise to the average analyst price target of $8 a share would imply a gain of nearly 100%. The stock trades at six times 12-month forward sales of $336 million, a reasonable valuation for a company that has a chance of becoming profitable.
Earth-imaging company Planet Labs (PL) also looks interesting. It has more than 200 satellites orbiting the globe every 90 minutes -- satellites that are able to take pictures at higher resolutions and gather data in spectra beyond human visual perception -- and is planning two new fleets. It is expected to generate about $252 million in 2023 sales, about 13% below the $289 million it projected in 2021, but still better than the average 2021 space start-up, which missed 2023 projections by about 63%. Planet Labs is also on track to generate positive earnings before interest, taxes, depreciation, and amortization, or Ebitda, by calendar year 2024 and positive free cash flow by 2025. It also ended 2022 with more than $400 million on its books, enough to operate for four to five years at its current cash burn rate.
Citi's Gursky likes the stock for its revenue growth, which he expects to compound by 29% through 2026, and its potential for profit in the years to come, even if he worries about the spending it needs to do to launch more satellites. "With that said, there is still enough upside to our price target to justify a Buy rating," writes Gursky, whose $6 target is up 48% from a recent close of $4.06.
Just remember, space is a risky business. Blowups come with the territory.
Micron Technology (MU) products failed a network security review by the Cyberspace Administration of China, which would bar infrastructure clients from buying from the company, according to media reports Sunday.
CAC said Micron's products have "serious network risks," although the regulator did not specify the risks it found nor which products failed the review, according to the report.
"We have received the CAC's notice following its review of Micron products sold in China," Micron said in an emailed statement to MT Newswires. "We are evaluating the CAC's conclusion and assessing our next steps. We look forward to continuing to engage in discussions with Chinese authorities."
CAC said Micron's products have "serious network risks," although the regulator did not specify the risks it found nor which products failed the review, according to the report.
"We have received the CAC's notice following its review of Micron products sold in China," Micron said in an emailed statement to MT Newswires. "We are evaluating the CAC's conclusion and assessing our next steps. We look forward to continuing to engage in discussions with Chinese authorities."
Market Analysis & Insights (Week 21, May 2023)
S&P 500 recap & analysis, insider & politician trades, real estate market update, mortgage rate predictions, technical analysis, market sentiment, and economic outlook!
www.thefinancenewsletter.com
Good info. #3 was funny.
BTW, I do agree that shorting $IWM may be the move. Lots of money came into small caps recently and they'll be the first ones to drop.
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JMP Securities analyst Andrew Boone maintains Shutterstock Inc (NYSE:SSTK) with a Market Perform.
Shutterstock agreed with Meta Platforms, Inc (NASDAQ:META) to acquire GIPHY, a growing library of conversational content (predominantly GIFs), for $53 million of net cash, with the transaction expected to close in June 2023.
The transaction creates another enterprise product for Shutterstock to sell. It moves it into the advertising market, while the analyst views the purchase as opportunistic as it was enabled by the company's relationship with Meta and driven by regulators.
Shutterstock agreed with Meta Platforms, Inc (NASDAQ:META) to acquire GIPHY, a growing library of conversational content (predominantly GIFs), for $53 million of net cash, with the transaction expected to close in June 2023.
The transaction creates another enterprise product for Shutterstock to sell. It moves it into the advertising market, while the analyst views the purchase as opportunistic as it was enabled by the company's relationship with Meta and driven by regulators.
$NVDA... Keep the semis rolling!
JP Morgan think tank has already figured away to profit from a default don't be fooled they only want to help themselves.
Damn, I don't hold any shares directly in $NVDA, but damn. Almost up $100 (33%) in AH. Glad $AMD is up some as well
I still think that guide for their next quarter is wild...$11B next quarter in revenue...70% Gross margins. FUCK. That revenue number is rivaling $INTC.
I still think that guide for their next quarter is wild...$11B next quarter in revenue...70% Gross margins. FUCK. That revenue number is rivaling $INTC.
Congrats!
Debt limit thing pissing me off.
They are making us look like fools infront of the rest of the world
Agreed. Very annoying how they are trying to bundle border wall shit into the negotiations.They are making us look like fools infront of the rest of the world
Ikr. all chipmakers running up but themPoor $INTC.
Poor $INTC.
It kinda makes sense if we're talking AI as the catalyst:
$NVDA has A100s and H100s GPUs for AI/ML out in the wild right now: ChatGPT and a ridiculous demand for generative AI. Plus their proprietary CUDA software to train AI models.
$AMD has finished their MI300s GPU/CPU combo for AI/ML and will show that off next month. And rumored to have a few high profiled partners lined up. Their open source software, ROCm, is serviceable but not as mature as $NVDA's CUDA. Hopefully this changes rather quickly, but I'm not as optimistic. We'll see.
$INTC has...things in the works for AI. Ponte Vecchio (very delayed and rumored to be costly to make) is in the Aurora supercomputer and the Falcon Shores GPU for AI/ML is expected in 2025 (
!). They're also going the open source route for software I believe. There's really nothing going on to really give $NVDA a challenge until 2025...
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I legit hate them, but they do affect stocks. Normally its a short lived sell off until the company responds.
