Christian Fromhertz
CEO of Tribeca Trade Group, Momentum Trader, Ex-BAML ETF Director
EchoStar offers right-tail exposure to SpaceX with significant downside protection, anchored by the stick value of its hard spectrum assets. x.comÂ
Space stocks should all run eventually, with smaller names running more, so Rocket Lab and AST SpaceMobile may be the plays in the industry. SpaceX will likely bottom after its lock-ups expire and then make a long-term run, making a case for owning all three. x.comÂ
Raymond James' $800 price target on SpaceX looks lofty, since it would imply a $10 trillion market cap. x.comÂ
Virgin Galactic's run-up is a pump, not genuine demand. The claim that retail is buying because it confuses the ticker with SpaceX's SPCX is a narrative and an excuse to pump the stock. x.comÂ
Rocket Lab looks set for a sharp move higher after a trading framework flashed a bottom signal, a day after a $2M call buyer appeared in the stock. Key levels and upside targets for the setup are laid out in an accompanying video. x.comÂ
SpaceX remains well above the range for building a serious long-term position, even though it will eventually be a stock long-term investors wish they had owned earlier. Young IPOs need time for price discovery, and the price paid still matters despite strong fundamentals: revenue up 92%, Starlink subscribers up 101%, AI revenue up 248%, adjusted EBITDA up 191% and about $100B of cash and securities. x.comÂ
Virgin Galactic is vaporware that has burned retail investors, while SpaceX is a much better space play. Investors selling Virgin Galactic are not mistaking it for SpaceX; they are recognizing that difference. x.comÂ
SpaceX shares did not implode when the first lockup period ended, which supports staying bullish and ignoring the media telling investors what to do, though the call could still prove wrong. x.com x.comÂ
SPCX still looks too pricey after its post-IPO pullback. IPO hype pushed it to 150x 2026 EV/EBITDA, and the pullback has only brought that down to 130x. By comparison, Nvidia trades at 21x next-twelve-month EPS for 88% expected growth in FY27, a 0.25x PEG. x.comÂ
Individual space stocks outside SpaceX look hard to get excited about, because a huge share of the sector's liquidity and attention increasingly seems set to concentrate in SpaceX alone. That reshapes the risk/reward of owning AST SpaceMobile, BlackSky, Firefly, Lumen, Redwire, Rocket Lab and Satellogic. x.comÂ