EchoStar offers right-tail exposure to SpaceX with significant downside protection, anchored by the stick value of its hard spectrum assets. x.com
Scott R. Grossman
Founder of Vindico Capital, Consumer-Sector Investor
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.com
With 208 million SpaceX shares sold short, it is a good day to remind everyone of the bullish case. x.com
SpaceX's stock is the most egregious case yet of retail investors being manipulated into serving as exit liquidity for Wall Street. Its fall was expected by everyone, even if the timing was not. x.com
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.com
SpaceX has broken out above its prior $150 resistance zone and is continuing higher as whale accumulation surges to 85.18%. The earlier volatility hole and descending ribbon marked the cycle bottom amid retail fear. Momentum bars at $147, $151 and $161 should act as support, with resistance at $176 and $190. x.com
Raymond James' $800 price target on SpaceX looks lofty, since it would imply a $10 trillion market cap. x.com
SpaceX offers a better setup than Rocket Lab into Rocket Lab's earnings, and Rocket Lab is arguably not the better company. A strong Rocket Lab quarter should lift SpaceX in sympathy, while a miss would most likely hurt SpaceX less. x.com
Beaten-down space stocks have drawn solid inflows since last Wednesday. The SPCL fund offers riskier pure-play exposure, while ARK's space fund is the safer play, holding names such as SpaceX, L3Harris, Kratos, Deere, Rocket Lab, AMD and Amazon. x.com
SpaceX shares will probably drop into the $60s after the lockup expires, so now is not the right time to get involved. x.com x.com
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.com