1/ The space sector is caught between the biggest bullish catalyst in years and a brutal dose of reality. 🧵


2/ SpaceX announced its IPO — up to $75 billion, possibly this month. The sector skyrocketed. RDW +27% in a single session. 🚀
3/ Then, Blue Origin's New Glenn exploded during a test. The entire group fell: ASTS −18%, LUNR −13%, RDW −12%, PL −10%.
4/ My take: PL is the most solid. Contract with $22M with the NGA + Q1 above expectations ($94.2M revenue). Actual defense revenue.
5/ SPIR: European angle, partnership with Schaeffler. RKLB: solid fundamentals but insider sales. ASTS: DB downgrades to Hold, target $106, brutal volatility.
6/ SpaceX's IPO could revalue the entire sector. Blue Origin reminds us: risk management is everything. I prefer actual revenue over pure narrative. This is not financial advice. 🌌
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