Spire Global is a pure data-as-a-service business built on radio-frequency data that cannot be captured from the ground, yet still trades at an attractive forward P/S of about 8.5x. Selling its maritime unit to Kpler for $233.5M let it retire all debt. Soil-moisture data and feeds for Nvidia's Earth-2 weather models add recurring revenue. FY2026 guidance implies 41-61% organic growth, with adjusted EBITDA breakeven targeted for Q4 2026. The $70M placement that cut the stock 20% de-risks it. … Show more

Spire Global looks cheap at 5x EV/sales with 50% revenue growth expected in 2026, against Planet Labs at 22x EV/sales with 40% growth. @wliang, comparing Planet Labs' $12B market cap with BlackSky's $1B and Satellogic's $700M, expects the space-imaging valuation gap could fill soon. x.com 

Spire Global's $70M at-the-market raise looks insignificant, making the 10% drop on the news a chance to add. At a roughly $700M market cap, the raise is only about 10% of the company. It roughly doubles cash to about $150M to fund 50%+ core growth and government reconnaissance purchases. It remains a tiny, speculative position. x.com 

Spire Global's valuation gap should close soon, and Renaissance Technologies' Medallion Fund owning it is a reason not to bet against it. SPIR is one of very few space names the fund holds, a fund with 66% annual returns since 1988 and $35B AUM. A post the author quotes puts SPIR's $640M market cap against Satellogic's $1B, Planet Labs' $12B and Rocket Lab's $40B, noting even catching up to Satellogic would put SPIR near $30. x.com 

Planet Labs should go back to at least $50 because its drop on a $1.5B ATM, about 12% of market cap, was an overreaction given its market position and strong financials. It runs the largest commercial Earth-observation fleet, imaging all land daily, with a 10-year-plus archive rivals cannot recreate, sold via 99% recurring subscriptions and sovereign deals. Revenue grows 41%, backlog is $906M, up 72%, and it is disrupting Airbus's dominance, on track to lead space imagery. x.com  x.com  x.com 

Nvidia's valuation has become comically disconnected from its blockbuster earnings, with the stock ranging in the same band since April. Value is accumulating at the bottom of the AI stack, where Nvidia and the memory makers are the big winners, and it offers the only complete package of hardware, software, networking and execution. The market underestimates the capital power Jensen Huang now commands to fund the ecosystem, including a contrarian push into open source. x.com 

Voyager Technologies is a cheap picks-and-shovels play on the new space economy through its propulsion and electronic systems. It grew 54% in Q1 and trades at only about 4x forward sales with over 50% growth, one of the cheapest space plays, and a recent acquisition should expand its space presence. It is a smaller speculative position whose story could just be starting if the space theme works out. x.com