Momentus' $25M raise reads better than the dilution headline, because it gives the microcap real runway and fresh institutional backing. It leaves about $76M in cash after years of living raise to raise, came from existing fundamental investors adding to positions, and was priced around $8.50, above the $3.75 and $5.40 deals earlier this year. The caution is real: it is close to 30% dilution in a thin-revenue, high-beta name. The stance is cautiously bullish for those who can handle the swings. … Show more

Momentus looks like an easy 2x because every space computing satellite eventually needs repositioning, servicing or hosting, which it handles well. It just completed a successful Vigoride 7 launch, the market has not priced in its debt-free, strong balance sheet, and dilution is out of the way. The space sector is climbing again after a pullback when Blue Origin's rocket exploded, and Nvidia's Jensen Huang has called space computing the final frontier. Next resistance is $26. x.com 

Momentus's risk/reward is now skewed against buyers at a $200M valuation. It was a solid turnaround bet at a $10M valuation earlier this year, but the stock has since repriced far beyond that. x.com 

Space stocks could regain high-beta flows as SpaceX lockups end and a probable late-November Anthropic IPO threatens AI stocks, much as SpaceX's IPO hurt space names. Hedge funds are overexposed to the Magnificent Seven and underexposed or max short low-quality high beta; falling rates and toppy oil could make the rotation painful for them through 2027. AST SpaceMobile could benefit as intermittent service triggers agreements and Blue Origin possibly returns to the pad in six weeks. x.com  x.com 

Other space stocks look less attractive as liquidity concentrates in SpaceX. StonkChris expects most to face a tougher long-term outlook, though some may still win; the visible flow of liquidity into one name supports that concern. x.com 

The selloff in smaller space stocks after SpaceX's IPO is an opportunity: it was mechanical rotation into the new benchmark, not a rerating, as Rocket Lab was sold the week it joined the Nasdaq 100. Satellites bill monthly for years while rockets get paid once; AST SpaceMobile stands out with approval and launch cadence. SpaceX is the core holding, Rocket Lab's Neutron the second-mover bet; Firefly, Virgin Galactic and Momentus are lottery tickets or survival cases. Suppliers are ballast. x.com  … Show more

A stronger SpaceX could lift the wider space-stock basket, including AST SpaceMobile, Rocket Lab, Redwire, Planet Labs, Intuitive Machines, Firefly Aerospace and Voyager Technologies. Per DeItaone, JPMorgan raised its SpaceX price target from $240 to $500 while maintaining Overweight. The seven space stocks rose alongside SpaceX after hours. Their initial post-IPO selloff was followed by macro-driven weakness, not further weakness caused by SpaceX. x.com  x.com  x.com 

Space stocks look extremely oversold against a strengthening policy narrative, leaving the rubber band very stretched. The median space stock is 52.5% below its all-time high and 51.5% below its 52-week high. Meanwhile, the White House spent the weekend promoting the Space Force and set a policy target of 1,000 launches a year by 2030. The gap between narrative and price has rarely been this wide. x.com 

Intuitive Machines and Voyager probably offer the best risk-reward among space stocks when market caps are compared excluding SpaceX. Firefly Aerospace is only worth it if, and that is a big if, it figures out launch. x.com 

AST SpaceMobile and other space stocks remain far too expensive, valuing an expectation that may never become reality. Many space stocks have crashed 50% yet still trade at 40x to 250x sales, AST at 250x, and could fall another 50% with no real value; the space economy is more science fiction than reality. @RosannaInvests argues AST is a cellular connectivity company whose carrier contracts could become recurring revenue. A 70% crash might make the risk worthwhile. x.com  x.com  x.com  x.com  x.com