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Strive declared the first dividends on $SATS, one day after it started trading.
▸ $0.8710 a share for Oct. 21 to Nov. 9, paid Nov. 9 (record Nov. 6)
▸ Then $0.0658 every business day from Nov. 10 to Nov. 30
▸ Both at 15% a year on the $100 stated amount, per Strive's 8-K
$SATS closed its first day at $94.61, a ~15.9% yield on price.
With bitcoin near $83,450, the first payment is about 1,040 sats a share. Daily dollar income, from a balance sheet holding ₿36,818.
https://t.co/YlNTavxH4L
JUST IN: SpaceX reports Q3 results, its first profitable quarter as a public company.
▸ EPS: $0.35 vs ~$0.13 expected
▸ Revenue: $14.58B vs ~$12.7B expected, +161% YoY
▸ AI (Super Intelligence) revenue: $7.56B, now bigger than Starlink connectivity at $5.25B
▸ Adj. EBITDA: $8.8B, +306% YoY
▸ Capex: $19.6B, mostly AI infrastructure
▸ Digital assets on the balance sheet: $1.57B
$SPCX +4.9% after hours to $155.20.
Past month: +2.2% in dollars, +6.9% priced in bitcoin.
AI now out-earns Starlink. Next test: up to 1.3B shares unlock on Thursday.
Strive's $SATS is now trading on Nasdaq.
▸ IPO closed today: 7M shares at $90, ~$630M gross
▸ Opened at $92.90, now ~$94.50
▸ 15% on a $100 stated amount, paid every business day from Nov. 9
At ~$94.50, the yield is ~15.9%. Strive set aside $22.50 a share, 18 months of dividends, per its 8-K.
$SATS ranks below $SATA (~$98.50) and above $ASST common. Two dollar yields on one balance sheet: ₿36,818 and, per Strive, no debt.
https://t.co/1EVRENsWMV