SpaceX’s S-1 is ridiculous…
…but it’s also interesting and incredibly bullish for us. Aside from the asinine $28.5 trillion total addressable market Elon claims - the vast majority of which is for AI enterprise use which one could argue isn’t even core SpaceX business - they claim a $370B TAM for Space.
This is the sector in which they directly compete with RKLB, and our beloved Sir Peter & Co declared a TAM of just $140B not that long ago in 2021 when RKLB went public via SPAC. That’s a $200B increase in capturable market in just four years. Now there’s certainly an element of embellishment with SpaceX’s S-1 authoring (love their flashy images, they are sure to attract lots of retail bag holders!), but I think it’s also safe to say future market growth prospects have ballooned in the past few years. We are in prime position to capitalize on this. Let’s goooo
I’m in it to the moon. Several thousand shares from the early days @ ~$4, let’s gooooooo 🚀🐂📈