SpaceX and SRXH/EMJX
With the valuation of SpaceX seemingly going up everyday, doesn’t this serve as a pretty big catalyst for SBRH (or after the merger) EMJX? The company used 10% of its available capital to invest into Astro Capital which has direct exposure to SpaceX.
Then they announced 75% of the profits from the investment will be given back to shareholders as a dividend when the SPV winds down. Wouldn’t that be at least a penny per share down the line in which case it seems like there is value in a penny stock. Am I missing something with this?
I know all of the talk and focus is on the upcoming merger but I’m not sure why that serves as a huge catalyst outside of the PR that will almost certainly come with it. The SpaceX connection seems like a viable boost especially if it happens shortly after the merger.