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Dad | Founder | Engineer | Pilot | Photographer | Global Economics & Finance Addict #Bitcoin⚡️#RocketLab🚀 #Nvidia 💽 #Palantir 📡 @ATLUTD⚽️

[N🅾️body @AlphaSlider]

@AlexfromBabylon ⬇️

[N🅾️body @AlphaSlider]

@Peter_J_Beck @muriellebaker @RocketLab @IridiumBoss @IridiumComm Peter — congrats on Iridium. One thought on Equatys: rather than walking away entirely, consider building AND launching their constellation as a firewalled merchant deal, with payment partly in long-term S-band capacity rights. Iridium’s L-band will always be narrowband; Equatys tenancy gets you a broadband D2D layer to sell through Iridium’s 2.55M subscribers and 500-partner channel without adding a second constellation to the balance sheet. They need a builder, a ride, and an anchor tenant to make their financing credible — you need S-band without the capex, and 2,800 satellites is exactly the recurring manifest that proves out Neutron’s cadence and amortizes the factory. Build their network, fly it, and become their biggest customer: if Equatys thrives, you’re inside it; if it stalls, the factory and launch pads still got paid. It’s the Globalstar playbook, one level up — except this time you own the whole stack.”

Best of luck!
Nobody
#Equatys
$RKLB $IRDM

[N🅾️body @AlphaSlider]

@vinceisbullish Cheapest and best option for West Coast launch options.

[N🅾️body @AlphaSlider]

😋

[N🅾️body @AlphaSlider]

The risk isn’t that they fail without Rocket Lab; it’s that they succeed with someone else. If AST steps in, the two strongest non-SpaceX spectrum coalitions merge. If Amazon does, they get bottomless capital. Either way you face the competition — without the backlog, the capacity rights, or the visibility. Whoever builds 2,800 D2D satellites climbs a learning curve someone else pays for; that curve belongs to Rocket Lab in my opinion. Take the contract, take the tenancy, deny the position to your strongest rival. Just keep the terms disciplined: majority cash, capacity as upside, and nothing that slows down the Iridium refresh in 2030.

[N🅾️body @AlphaSlider]

@Peter_J_Beck @muriellebaker @RocketLab @IridiumBoss @IridiumComm Peter — congrats on Iridium. One thought on Equatys: rather than walking away entirely, consider building AND launching their constellation as a firewalled merchant deal, with payment partly in long-term S-band capacity rights. Iridium’s L-band will always be narrowband; Equatys tenancy gets you a broadband D2D layer to sell through Iridium’s 2.55M subscribers and 500-partner channel without adding a second constellation to the balance sheet. They need a builder, a ride, and an anchor tenant to make their financing credible — you need S-band without the capex, and 2,800 satellites is exactly the recurring manifest that proves out Neutron’s cadence and amortizes the factory. Build their network, fly it, and become their biggest customer: if Equatys thrives, you’re inside it; if it stalls, the factory and launch pads still got paid. It’s the Globalstar playbook, one level up — except this time you own the whole stack.”

Best of luck!
Nobody
#Equatys
$RKLB $IRDM

[N🅾️body @AlphaSlider]

@LuckyStuey @dan_tmt @EdLudlow @space42ai 100%

[N🅾️body @AlphaSlider]

@spacanpanman I think it’s the opposite. Iridium will need Equatys and Viasat needs Rocket Lab - Win Win

[N🅾️body @AlphaSlider]

@TrendSpider This is only phase one ☝️
Phase two 800% from here 🔥

[N🅾️body @AlphaSlider]

@mottbox_ @belikejustin Why?

[N🅾️body @AlphaSlider]

@scotto2050 @daveginvesting @RocketLab #Equatys any moment now

[N🅾️body @AlphaSlider]

@mikealfred Power of AI when utilized as part of your game strategy.

[N🅾️body @AlphaSlider]

@chickengenius The AT&T deal will need to close for this to correct. They need that cash ASAP - Hopefully this week. $SATS

[N🅾️body @AlphaSlider]

@SarahLeon28397 Same feeling. Let’s go 🔥

[HN @PassionAndLuck]

To everyone questioning SpaceX / $SPCX’s highly successful IPO and its $2.1T market cap, let me share what I believe is the best arbitrage setup.

Do you know $SATS?

$SATS is expected to receive 261.8M shares of $SPCX, worth roughly $42B based on the 6/12 closing price.

Yet SATS’ current market cap is only about $33B.

Short: $SPCX
Long: $SATS

$SATS will effectively own approximately 2% of SpaceX / SPCX.

According to the SPCX prospectus, in exchange for acquiring spectrum from SATS, SPCX will pay SATS 261.8M shares of SPCX stock, roughly $8.5B in cash, and an additional ~$2.0B in cash to cover interest payments that SATS would otherwise have been responsible for.

In addition, SATS is expected to sell roughly $23B of spectrum to $T.

The transactions with $T and SPCX were approved by the FCC on 5/12. If no petition for reconsideration was filed by 6/11, the approval should likely have become final automatically. As of 6/14, I have not confirmed any petition for reconsideration.

Also, the spectrum transfer structure is SATS → TRUST → SPCX. Since the SATS → TRUST transfer has already been completed, I believe the closing risk is relatively low.

Now let’s calculate $SATS NAV.

My base NAV assumptions:

SPCX ownership: approximately 2%

SATS basic shares outstanding: 298M

Fully diluted shares after convertible bonds: 348M

I use 348M shares in the calculation below.

Cash proceeds from spectrum sales to $T and $SPCX:

From $T: approximately $23B
From $SPCX: approximately $8B in cash
Total: approximately $31B

Assuming the convertible bonds are converted into equity, net cash after debt repayment would be roughly $11B.

Regulatory / escrow / contingent liability haircut: -$2.5B

Net cash after haircut: approximately $8.5B

Remaining operating business value: $10B

Based on roughly $300M of operating income in Q1 2026 × 4 quarters × 8x multiple.

Even after the spectrum sales to $T and $SPCX, SATS will retain remaining spectrum assets. The most notable example is AWS-3 paired spectrum, which SATS previously planned to sell to $VZ for approximately $9.8B.

If we conservatively value the remaining spectrum at $10B, that adds approximately $28.7 per share of NAV based on 348M shares.

Formula:

SATS NAV
= {SPCX market cap × 2% + net cash after haircut + remaining operating business value + remaining spectrum value} / 348M shares

= {SPCX market cap × 2% + $8.5B + $10B + $10B} / 348M shares

SATS NAV by SPCX market cap:

• SPCX $2.0T → SATS approximately $197
• SPCX $2.25T → SATS approximately $211
• SPCX $2.5T → SATS approximately $226
• SPCX $2.75T → SATS approximately $240
• SPCX $3.0T → SATS approximately $254

This is my personal analysis, not financial advice.

[N🅾️body @AlphaSlider]

@isaraerospace Looking good, guys.
Good luck!

[N🅾️body @AlphaSlider]

@PhotonBull Easy 100% tomorrow

[N🅾️body @AlphaSlider]

Tomorrow SpaceX IPO will break the internet. @SpaceX $SPCX @elonmusk 🎰

[N🅾️body @AlphaSlider]

@MoreMorganB @BrettKrieger12 Since pre-de-SPAC - Averaging up and down 💪 forever holder!