CPS Technologies' institutional offering is negligible growth dilution and leaves the chokepoint thesis intact. The roughly $9M raise, about 5% of market cap, was priced at $8, up from $3 in October, and funds expansion such as relocating to a larger production site; 2025 revenue hit a record $32.6M. CPS is the only meaningful US-based vertically integrated AlSiC supplier, sole-source on many applications per its 10-K, and looks like Sivers did before its roughly 10x rerating. x.com  x.com  x.com 

SpaceX's compute outlook improves as Anthropic commits more spending and institutions fund its GPU expansion. Anthropic's S-1 lists up to $120.5B in SpaceXAI compute purchases through 2029; Pimco bought $4B of the roughly $40B Apollo-led GPU debt package. The GPU lease is expected to close before year-end and entails about $40B in principal payments, not new shares. Elon Musk says Starlink Mobile will take 2-3 years to build out, versus the 4-6 years estimated by Verizon's CEO. x.com  x.com  x.com  … Show more

CPS Technologies' risk-reward has worsened because its biggest catalyst, the SpaceX IPO, now looks set for a lower valuation than expected. The thesis rested on CPS's inclusion in a NASA ETF creating a constant bid around the IPO. A run to $15 is still possible, but better opportunities exist elsewhere. x.com  x.com  x.com  x.com 

CPS Technologies should be the biggest beneficiary as SiC and GaN power-module markets grow about 8x, because its aluminum silicon carbide baseplates solve a problem copper cannot. Baseplates must conduct heat and expand at the same rate as the ceramic above them; copper's mismatch makes it delaminate after about 4,000 thermal cycles. CPS's AlSiC offers 180 W/mK conductivity with a near-matched expansion rate and, per the company, survives tens of thousands of cycles. x.com 

The space economy should nearly triple from $630B to $1.8T by 2035, per McKinsey, because launch costs have fallen 95%+ since the Shuttle era, from $54,000/kg to $2,700/kg on Falcon 9, enabling once-impossible business models. Rocket Lab is the strongest launcher outside SpaceX, though its ~$80B value prices in Neutron. Planet Labs is a data utility, Intuitive Machines has near-unique lunar capability, BlackSky serves defense, and Firefly, AST SpaceMobile and CPS Technologies round it out. x.com 

CPS Technologies is riding a supplier mania that never ends well. The 'everyone is an Anduril supplier' story has turned into 'everyone is a SpaceX supplier', and the stock can ride that mania until it ends. x.com 

Space stocks are turning bullish as oversold names that never stopped executing regain momentum, led by AST SpaceMobile, Rocket Lab and flyExclusive. AST launched BlueBird and began direct-to-cell service in Japan, and Rocket Lab landed a roughly $400M award. AmpliTech's multi-sector exposure is overlooked, and CPS Technologies is a bottleneck play for 2027; Satellogic, Velo3D and Voyager also fit. The SpaceX unlock overhang is only partly gone, so re-entry should wait. x.com 

Rocket Lab's defense contracts and backlog position it to benefit from national-security spending. Its $2.36B backlog includes over 100 booked launches, with an $816M SDA satellite deal and a $266M Space Force HASTE deal for hypersonic testing. Despite the Neutron delay, its $36B valuation offers one of the space sector's best risk-reward setups: exposure to the same defense and space-infrastructure trend as SpaceX at a fraction of its valuation. Rocket Lab is headed above $100. x.com 

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.com 

The NASA space economy ETF offers a way to own SpaceX before its June 2026 IPO, which is expected to raise $75 billion, nearly three times Saudi Aramco's. SpaceX had $18.5B in 2025 revenue, projects $20-24B in 2026 revenue and $14B in EBITDA, merged with xAI in February and holds 8,200 BTC. The IPO's 30% retail allocation is nearly three times normal for a mega-IPO. x.com