I forecast the SpaceX IPO and propose a Nasdaq ex-Musk ETF, but I'm still bullish on Big Tech because profits and earnings matter, and they're still chock full of both.
Wow, this a doozy Jack. Solar-powered data center satellites is a mouth full but makes a ton of sense in theory. Of course, I'm no engineer so good luck fellas!! And $XMSK is hilarious! I'm pealing 5% out of oil and it's going to either UFO or MARS. Leaning UFO because of size but maybe this is a time where being in a smaller fund is almost sure to be of greater benefit. What do you think?
I'm with you on the engineering, but I don't know if the economics make sense. You'd be unable to reuse or resell anything because the plan is to just burn the old GPUs up in the atmosphere when they become obsolete. Or at least that's my understanding. I'm so interested in how all this plays out. If my skepticism is misplaced, then at least I'll have been prudent.
But I don't think taking a small speculative position in these satellite companies is a bad idea at all, and UFO is a great ETF for that. MARS looks interesting too, but it's less diversified. That will pay off if Roundhill's managers are correct on their picks. I'd go with UFO here for size.
If anything, the fact that Starlink is such a great business validates a lot of the other competitors trying to get orbit space. I think that's my real problem with SpaceX: I wanted to invest in a cool space company, not a crumby AI company that claims 85% of future revenue will come from Grok.
I had been making the claim for a while that I would be long SpaceX and short UFO when it came out but that was pre-xAI merger. But I'd still never short SpaceX. Because if it works, it really will be worth trillions.
I know they don't have much of a track record yet but I think the more narrow focus of MARS can be a benefit, at least thru the end of the year. When SpaceX drops I expect it will become one of their largest holdings and I can get more direct exposure to the bump without going all in on the stock itself. It's a hedge that plenty will join because of that direct exposure and elite performance will be a byproduct of those people joining. I suspect that 32% bump over last month is some folks trying to get in early for the same reason. I'll hedge it with some UFO just in case the volatility is a bit more than I'd like but I want to give it some leeway because it could a rocket!! (Unintended pun but keeping it after I chuckled was intentional haha)
There are a few ETFs trying to load up on SpaceX. I know that XOVR has some a ton already in it; they bought pre-IPO. They're at 20% currently, although that's at a 1.55T estimated valuation.
Wow, this a doozy Jack. Solar-powered data center satellites is a mouth full but makes a ton of sense in theory. Of course, I'm no engineer so good luck fellas!! And $XMSK is hilarious! I'm pealing 5% out of oil and it's going to either UFO or MARS. Leaning UFO because of size but maybe this is a time where being in a smaller fund is almost sure to be of greater benefit. What do you think?
Haha, thank you.
I'm with you on the engineering, but I don't know if the economics make sense. You'd be unable to reuse or resell anything because the plan is to just burn the old GPUs up in the atmosphere when they become obsolete. Or at least that's my understanding. I'm so interested in how all this plays out. If my skepticism is misplaced, then at least I'll have been prudent.
But I don't think taking a small speculative position in these satellite companies is a bad idea at all, and UFO is a great ETF for that. MARS looks interesting too, but it's less diversified. That will pay off if Roundhill's managers are correct on their picks. I'd go with UFO here for size.
Useful link: https://etfdb.com/tool/etf-comparison/MARS-UFO/#holdings
If anything, the fact that Starlink is such a great business validates a lot of the other competitors trying to get orbit space. I think that's my real problem with SpaceX: I wanted to invest in a cool space company, not a crumby AI company that claims 85% of future revenue will come from Grok.
I had been making the claim for a while that I would be long SpaceX and short UFO when it came out but that was pre-xAI merger. But I'd still never short SpaceX. Because if it works, it really will be worth trillions.
Cheers!
I know they don't have much of a track record yet but I think the more narrow focus of MARS can be a benefit, at least thru the end of the year. When SpaceX drops I expect it will become one of their largest holdings and I can get more direct exposure to the bump without going all in on the stock itself. It's a hedge that plenty will join because of that direct exposure and elite performance will be a byproduct of those people joining. I suspect that 32% bump over last month is some folks trying to get in early for the same reason. I'll hedge it with some UFO just in case the volatility is a bit more than I'd like but I want to give it some leeway because it could a rocket!! (Unintended pun but keeping it after I chuckled was intentional haha)
There are a few ETFs trying to load up on SpaceX. I know that XOVR has some a ton already in it; they bought pre-IPO. They're at 20% currently, although that's at a 1.55T estimated valuation.
Good luck!