A SpaceX IPO should send the market chasing space supply-chain stocks next. Launch and spacecraft: Rocket Lab, Intuitive Machines, Redwire, York Space, Voyager, Firefly. Satellite internet and data: AST SpaceMobile, Iridium, Planet Labs, BlackSky, Spire, Amazon's Kuiper. Materials: MP Materials, Alcoa, Freeport, Teck, ATI, Hexcel, Park Aerospace, Carpenter, Corning, Materion. Chips and optics: Lumentum, Coherent, Applied Optoelectronics, Qorvo, Analog Devices, STMicro, Broadcom, Nvidia. 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 

SpaceX stock is better left alone until IPO hype, price discovery and insider supply settle, even though SpaceX is an incredible company. Jay Ritter's data show US IPOs from 2001-2024 lagged the market by about 14.7% over three years. SpaceX listed at $135, briefly topped $200 and has already had a massive drawdown, and its first major lockup expiry is making hundreds of millions of shares sellable against an unusually small float. A great company is not a great investment at every price. x.com 

Amazon's $90-a-share buyout of Globalstar shows big tech would rather buy established, mission-critical constellations than build them, backing the case that Iridium's global L-band spectrum is a trophy asset to be priced for M&A, not just cash flow. With Globalstar off the board, Iridium's re-rating continues. x.com 

Rocket Lab's $8 billion purchase of Iridium creates the Pentagon's preferred SpaceX alternative that actually wins contracts. Combining launch capability with Iridium's legacy low-Earth-orbit constellation and Pentagon relationships is the real story behind the deal, which @lorengrush covers. The boring space trade outperforms. x.com 

Space stocks have fallen too far after rising as proxies for SpaceX before its IPO, and every space company is a buy. AST SpaceMobile is a legitimate Starlink competitor with over 60 carriers reselling its capacity for phone broadband, and Rocket Lab's purchase of Iridium gives it a moat. x.com 

The space economy is set to be fully ignited by SpaceX's IPO. If SpaceX's valuation reaches a trillion dollars, asset pricing across the whole space industry chain will be rewritten, from launch and space systems such as Rocket Lab and Firefly to satellite communications, space imaging, specialty materials, and defense and aerospace suppliers. What matters now is not debating whether it is a bubble but already having a seat at the table. 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

Rocket Lab's Iridium deal should be great for the company if it maintains Iridium's revenue and takes out some costs. A pro forma analysis on consensus estimates shows Iridium improves Rocket Lab's margins and profitability in exchange for slower top-line growth. Per the proxy, Street consensus appears to have baked in and discounted Iridium's projections including Aireon, though the pro forma figures exclude the $367M paid to NAV Canada. x.com  x.com 

SpaceX's IPO day is likely the exit, not the entry, because the hype will already be priced in. Past hyped IPOs fell hard after listing, Robinhood by 92%, Coinbase 93%, Rivian 95% and Uber 70%, while the real money was made at the bottom, with Robinhood about 22x off its low. If SpaceX is the business everyone believes, a better price will come on a bad macro tape; it is worth owning, just not on day one. x.com