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Exposure to the global leader in the emerging 'space economy'
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What they do
Exposure to the global leader in the emerging 'space economy'
Main business lines include:
- Satellite Communications
- Launch / Transportation
- Space Tourism
Investment Thesis
Un-matched cost of capital advantage
- Rocket re-usability lowers cost per ton to orbit - vastly improving operating economics
- Blows away the competition from a pricing standpoint
- Ride-sharing capabilities also helps to increase margins
Attractive growth opportunities within its Satellite Communications business
- Bring the internet to under-served parts of the world
- Deliver valuable connectivity for both Aviation & Maritime applications
- Key component of the autonomous driving initiative
- Ability to strike key corporate partnerships
- Reported to have a cash flow positive quarter during 2022
- >3,100 satellites currently in low earth orbit (LEO) / ultimate goal of 42,000+
- >1 million reported active subscribers / targeting 30 million+
- Potential spin-out of the business, as its subscriber base becomes more established