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 

Listed space stocks such as Satellogic, BlackSky, Voyager, Redwire, Intuitive Machines, Planet Labs, AST SpaceMobile and Rocket Lab are the plays ahead of the SpaceX IPO. AST SpaceMobile and Rocket Lab are favorites and still look healthy on the charts despite recent pullbacks. @sunxliao notes the group ranges from about $0.7B to $39B in market cap versus a roughly $1.75 trillion SpaceX IPO valuation, a gap he expects to deliver big returns in coming months. x.com 

BlackSky is not an attractive opportunity compared with bigger-TAM space plays. Replying to @SpaceInvestor_D, who is lukewarm on Rocket Lab acquiring BlackSky and prefers Voyager for its cheaper valuation, Starlab station and lunar positioning, Voyager is the awesome opportunity while BlackSky is not. x.com  x.com 

Space stocks could soar as Goldman Sachs sees the space economy reaching $1.8 trillion by 2035. Rocket Lab, with 70+ launches and new Space Force and NASA contracts, is quietly becoming the second rocket company after SpaceX. AST SpaceMobile's satellites connect directly to phones, with AT&T, Verizon and Vodafone as partners. Voyager is building NASA-backed Starlab to replace the ISS. BlackSky sells real-time imagery under long-term US government deals. SpaceX adds Starlink, Starship and xAI. … Show more

BlackSky should be well set up for execution given likely demand stemming from the Iran and Ukraine conflicts. It has won a competitive $25 million multi-year assured contract with a major international defense customer. The coming quarter will show whether it can actually deliver. x.com  x.com 

Space stocks have lost their catalyst now that SpaceX is public. For a year the basket was a bet on when the SpaceX IPO would happen; it listed Friday, up 19% at $2.1 trillion, the biggest IPO in history, and the air came out. Rocket Lab, AST SpaceMobile, Satellogic and BlackSky, green for months, have all flipped to SuperTrend downtrends. That is not the sector breaking but buy-the-rumor, sell-the-news. x.com 

Listed space stocks were sold because SpaceX's IPO vacuumed up the sector's marginal dollar, not because their contracts stopped. AST SpaceMobile launched the three largest comm arrays ever, with 60 carriers signed; Rocket Lab booked $663M from the Space Force in nine days; Planet Labs' backlog exceeds annual revenue; BlackSky printed its first EBITDA-positive quarter; Firefly, a Golden Dome interceptor selectee, trades below its IPO price; and Redwire's revenue rose 90%. x.com 

FuelCell Energy is a mini Bloom Energy: a company left for dead and heavily shorted that is finally finding a foothold in the AI world. Even if it doubled, it would be worth about $4 billion versus Bloom's $80 billion. x.com 

FuelCell Energy is not the next Bloom Energy. One 10%-plus up day has already reversed, and the CFO's departure is not a good sign. Its large backlog consists of letters of intent rather than signed contracts, and the company cannot deliver on it. x.com 

BlackSky is evolving from selling satellite images into high-margin AI analytics subscriptions, deeply embedded in U.S. defense and intelligence. In early June the National Reconnaissance Office funded acceleration of its AROS mapping program toward 2028, an international defense client signed a nearly $30 million annual subscription, and the Air Force Research Laboratory awarded a $99 million IDIQ. Gen-3 satellites at 35cm resolution drive demand, and over 70% of revenue comes from governments. … Show more