Space Simba

Investing in SPACE TECH & Developing Wellness Resorts #Cosmic5D 🦋 $ASTS $RDW $LUNR $RKLB $PL #SpaceTourism

[Shay Boloor @StockSavvyShay]

HOW THE SPACE BIG 4 STACK UP

1. $SPCX (The Backbone of Orbit)
• 3-year revenue CAGR 67% trading at 120x 2029 net income
• Handles ~90% of global payload mass to orbit with 10.3M Starlink subscribers across 160+ countries

2. $RKLB (Vertically Integrated Defense Prime)
• 3-year revenue CAGR 30% trading at 80x 2029 net income
• Second-most-launched US rocket operator with 50+ successful Electron flights & $2.2B contracted backlog

3. $ASTS (Tower in the Sky)
• 3-year revenue CAGR 156% trading at 11x 2029 net income
• Nearly 60 MNO partners covering 3B+ subscribers targeting ~45 BlueBird satellites in orbit by EOY

4. $PL (Eyes From Above)
• 3-year revenue CAGR 25% trading at 105x 2029 net income
• Daily imaging of Earth's entire landmass with a $900M backlog & 116% net dollar retention

[Stock Market Nerd @StockMarketNerd]

Some Quick Facts From the $SPCX Prospectus

Definitions:

1) Falcon 9 is its rocket system that launches satellites, people & cargo into orbit.
2) Falcon Heavy is Falcon 9 with 2 extra rocket boosters for much larger launch capacity.
3) Dragon is its spacecraft that carries people & goods.
4) Starship is its next-gen rocket currently moving from testing to commercial use.

A lot of Launch Segment Firsts:

1) 2008 -- First private company to successfully launch a liquid-fuel rocket into low earth orbit.
2) 2012 -- First private company to guide & dock a spacecraft at the International Space Station
3) 2015 -- First company to use a rocket's own downward thrust to land (propulsive landing)
4) 2017 -- First rocket re-flight
5) 2020 -- First private company to dock astronauts at the International Space Station

Dominant Launch Segment Positioning & Roadmap:

1) Falcon 9 has a 99%+ mission success rate. This is 85% cheaper per kilogram to launch than average (per NASA). The lead has only grown from there. Falcon Heavy is 92% cheaper per kilogram than the average substitute.
2) Cost edges come from things like the top piece of their rocket (the upper stage) costing SpaceX $5M to build vs. $50M for legacy competition. The power of vertical integration.
3) Falcon 9 + Falcon Heavy have an 80% share of global mass to orbit since 2023.
4) Starship is next. This will come with a fully reusable design that can immediately refuel and launch again. Starship can also carry 3x-4x the weight vs. Falcon Heavy in low earth orbit... making it perfect to deploy giant satellites & data centers. They hope this will boost their cost per kilogram lead from 92% with Falcon Heavy to 99% for Starship use cases.
5) They aim to charge $90M/launch on Starship, which is far cheaper than other options.
6) A lot of launch capacity right now is dedicated to Starlink rather than 3P customers. This gives them a lot more flexibility to cater to demand while servicing their own needs. It also means they're not stuck with excess capacity if a partner cancels or delays a launch. They can use it for Starlink.
7) While margins for the segment are pressured due to investments right now, they make more than $67M per launch & it costs them $15M to run it. The unit economics are good & should support healthy long-term margins.

Starlink & Connectivity:

1) 2022 -- First company to build "consumer-grade phased-array terminals." These are flat, stationary satellite dishes that use software to steer radio signals so they can track moving satellites without actually moving themselves. That simplifies design, lowers cost & improves durability.
2) 2025 -- First commercially scaled direct-to-mobile satellite cluster... bypassing the need to connect to cell tower service that is often unavailable.
3) Starlink has grown from just over 2M users in 2023 to 10M+ in Q1 2026.
4) Extending connectivity to deeply remote areas & using it for mission-critical things like emergency response around the world are resonating (not to mention commercial opportunities with airlines).
5) One thing to keep an eye on is pricing power. They cut pricing from $99 in 2023 to $81 for 2025. It fell from $86 in Q1 2025 to $66 in Q1 2026. While that's not amazing, it was to take advantage of excess capacity already in place & to steal share faster. It's also a byproduct of mix-shift to lower ARPU countries.
6) Starlink has a 63% EBITDA margin.
7) The larger, more distributed low orbit satellite base creates a 95% latency edge vs. the competition due to parking these machines closer to point of consumer connection. Setup is way easier, there are no cancellation fees & customers can easily pause service whenever they want to. Pay when you need to use it.
8) While overall cost for Starlink is a bit higher than some more antiquated solutions, the vastly better performance means cost per megabit is a lot lower.

xAI:

1) Part of SpaceX as of January 31st.
2) Grok has 550M monthly active accounts.
3) These investments are why GAAP EBIT swung from a 2024 gain to a 2025 loss. Connectivity is deeply profitable. Launch Systems aren't losing nearly as much.
4) Floated a $28.5 trillion TAM for this segment.
5) Anthropic will pay SpaceX $1.25B per month for access to compute within its AI segment. That equates to $15B per year for a segment that did just $3.2B in 2025 revenue.

Financials & Valuation:
1) Revenue compounded at a 34% clip from 2023-2025 to reach $18.7B. Q1 2026 revenue +15% Y/Y.
2) -$4.6B in GAAP net income for 2023, $791M for 2024 & then -$4.94B for 2025. Q1 2026 net income was -$4.3B vs. -$528M Y/Y. xAI M&A costs, Starship investments & ongoing compute investments are greatly weighing on margins right now.
3) Space segment revenue rose 8% Y/Y in 2025 to reach $4.09B. GAAP EBIT margin for the segment fell from breakeven to -16% Y/Y. They're front-loading a lot of Starship costs right now.
4) Connectivity segment revenue rose 50% Y/Y in 2025 to reach $11.40B. GAAP EBIT margin impressively moved from 26% to 39% Y/Y.
5) AI segment revenue rose 22% Y/Y in 2025 to reach $3.2B. GAAP EBIT loss worsened from -$1.56B to -$6.36B Y/Y as they aggressively fund future growth.
6) Nearly $16B in cash & equivalents; $29B in long-term debt.
7) $10.1B in Q1 2026 CapEx vs. $4.1B Y/Y. $20.7B in 2025 CapEx vs. $4.4B in 2023.
8) $135/share = a $1.7T valuation. Seeing projections for $23B in 2027 EBITDA. So that's 74x 2027 EBITDA with EBITDA growing around 70% Y/Y at that time if estimates are correct. It looks like it will open well over $135.

Misc. Notes:
1) Only 4% of the share count is being offered at the open. 40% of locked shares unlock after 180 days. The full lockup expiration happens at 365 days.
2) Musk has next-level job security. Activists can't threaten his grip. Ousting him would require a majority vote within class B shares... and he owns most of those class B shares.

[Kirill @kirillk_web3]

https://t.co/NC5jXkt1Fz

[Space Simba @varunkapur]

@DGretta_Author Well done!!

[Space Simba @varunkapur]

@SpaceInvestor_D Game on!

[Space Simba @varunkapur]

$RDW in the middle of a beautiful break and above the $10.5 resistance. End the week above this today and we set for a good next week 🚀

[Space Simba @varunkapur]

@ramizwebti Valid but the core enterprise partnerships and client base they are building can become their moat. They will likely continue to be a leading LLM

[Space Simba @varunkapur]

#Anthropic is considering raising up to $50 billion at roughly $900 billion pre-money, which would surpass OpenAI as the most valuable AI startup. This company will power the #SpaceEconomy in a big way. $RDW $RKLB $PL #spaceX $ASTS

[Redwire @Redwire]

Strong Q1 2026 earnings update today!

Redwire continues building momentum and accelerated growth across space and defense tech.

🚀 57.9% revenue growth YOY

Record $498.1M backlog 💰

$175.2M liquidity 🏆

Major wins across Space + Defense Tech 📡

Reaffirmed 2026 revenue guidance.

Check out today's presentation here:
https://t.co/0y9QfbqgR2

[Space Simba @varunkapur]

@Redwire Well done team!

[Space Simba @varunkapur]

@SpaceInvestor_D Your turning me into a RDW Permabull 😂

[Space Simba @varunkapur]

@SpaceInvestor_D i did it! well done gracias

[Rian Doris @RianSweetDoris]

https://t.co/1PbDDaUas7

[Lin @Speculator_io]

The SpaceX IPO will ignite a trillion-dollar space race.

𝗦𝗽𝗮𝗰𝗲 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲
$RKLB Rocket Lab
$SIDU Sidus Space
$FLY Firefly Aerospace
$RDW Redwire Space
$LUNR Intuitive Machines
$MDA MDA Space
$VOYG Voyager Space
$YSS York Space Systems
$SPCE Virgin Galactic
$FJET Starfighters Space

𝗦𝗮𝘁𝗲𝗹𝗹𝗶𝘁𝗲 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀
$ASTS AST SpaceMobile
$GSAT Globalstar
$SATS EchoStar
$IRDM Iridium Communications
$ETL Eutelsat
$TSAT Telesat
$GILT Gilat Satellite Networks
$VSAT Viasat

𝗦𝗽𝗮𝗰𝗲 𝗜𝗺𝗮𝗴𝗶𝗻𝗴
$PL Planet Labs
$GSAT Globalstar
$SATL Satellogic
$BKSY BlackSky Technology
$SPIR Spire Global

𝗦𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘁𝘆 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝘀
$CRS Carpenter Technology
$MTRN Materion
$HXL Hexcel
$ATI ATI
$GLW Corning
$PKE Park Aerospace

𝗔𝗲𝗿𝗼𝘀𝗽𝗮𝗰𝗲 & 𝗗𝗲𝗳𝗲𝗻𝘀𝗲
$RTX RTX Corporation
$LMT Lockheed Martin
$KTOS Kratos Defense & Security
$VOYG Voyager Space
$LHX L3Harris Technologies
$NOC Northrop Grumman
$BA Boeing
$AIR Airbus
$HO Thales

𝗦𝗽𝗮𝗰𝗲 𝗖𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁𝘀
$TDY Teledyne Technologies
$APH Amphenol
$KRMN Karman Space
$RBC RBC Bearings
$PH Parker Hannifin
$AME AMETEK
$GHM Graham
$HEI Heico
$DCO Ducommun
$ATRO Astronics
$TDG TransDigm

[m0h @exploraX_]

https://t.co/gxTNr2YjLT

[Space Simba @varunkapur]

@pierreeliottlal Goji doesnt have a free version mate, nothing you can do with it if you dont subscribe - $99 per month

[Space Simba @varunkapur]

@incredibleindia is back with a cultural showcase !

[Incredible!ndia @incredibleindia]

The Ministry of Tourism has entered into an MoU with Netflix Entertainment Services India LLP, marking a step towards presenting India’s diverse experiences through visual storytelling.

India’s cultural heritage reflects a seamless blend of artistic excellence and living traditions from intricate temple carvings and vibrant regional art forms to classical melodies and contemporary expressions, each embodying the depth and diversity of the nation’s cultural identity.

#incredibleindia #netflixindia

@gssjodhpur

[Space Simba @varunkapur]

@LoganTGott Funnel

[Space Simba @varunkapur]

@mohbii @aitrendz_xyz Govia looks cool -
Let’s connect on that

[Space Simba @varunkapur]

@TimurNegru Keen to learn more - appreciate it ✨