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马斯克已深度布局!特朗普2.0时代即将来临,或将“点燃”美股太空概念股?

Musk has made extensive arrangements! The era of Trump 2.0 is about to arrive, which may "ignite" the US stock market space Concept stocks.

Futu News ·  Dec 30, 2024 22:09

As the inauguration of President-elect Donald Trump approaches on January 20, Eastern Time, Global investors are also preparing for the era of Trump 2.0.

With Trump's re-election as president, external attention is closely focused on its potential impact on USA Aerospace & Defense policy. Current indications suggest that the new government may change NASA's existing path through more proactive policies, with Musk, as an important ally, seemingly becoming a key driver of this reform.

From the performance after the election, US Stocks of space concepts have surged, becoming one of the big winners in the USA elections.

Looking at the rise since November 5, space battery stocks have increased by over 1530%; the Closed-end Fund holding SpaceX has risen nearly 500%; 'the first stock of lunar infrastructure.' $KULR Technology (KULR.US)$ has accumulated an increase of nearly 500%; 'the first stock of lunar infrastructure.' $Destiny Tech100(DXYZ.US)$ 'the first stock of lunar infrastructure.' $Intuitive Machines(LUNR.US)$ SpaceX's strong competitor. $Rocket Lab(RKLB.US)$ And the Space Infrastructure Group. $Redwire(RDW.US)$. All surged over 120%.

However, it is worth noting that the explosive rise of KULR Technology is mainly due to the company launching the "Bitcoin Reserve Vault" and deploying space batteries among multiple bullish factors.

What is the outlook for the space industry?

According to Observer.com, due to Trump initiating the USA's return to the moon with the "Artemis" program during his first presidential term, his important ally, American billionaire Musk, who is the owner of SpaceX, has led to widespread expectations that the new U.S. government will introduce more space policies.

Additionally, it is noteworthy that Trump has nominated billionaire, entrepreneur, and astronaut Jared Isaacman to be the next administrator of NASA.

As a commercial astronaut, Isaacman has successfully flown to space twice and achieved one spacewalk. It's worth mentioning that both of Isaacman's spaceflights were operated by SpaceX, and he is also a close friend of Musk, being the one who leans out of the body in Musk's personal homepage background picture.

Source: Twitter
Source: Twitter

Moreover, according to McKinsey's forecast, due to the development of space technologies such as communications, positioning, navigation, timing, and Earth observation services, the scale of the space economy is expected to reach $1.8 trillion by 2035. Furthermore, with increased data acquisition opportunities and lower costs of space access, the space economy may reach as high as $2.3 trillion.

Source: weforum
Source: weforum

Looking ahead to 2025, which space concept stocks are expected to experience a surge?

Futu News has compiled a list of space concept stocks listed in the USA for mooers' reference:

Specifically, these include:

  • Launch service providers

American commercial small rocket companies$Rocket Lab(RKLB.US)$ This is a commercial aerospace company focusing on medium and small rocket launch services, holding an absolute leading position globally, second only to SpaceX. The company's stock has increased by over 392% this year.

The company has signed multiple launch service agreements for its Neutron rocket with a commercial satellite constellation operator, planning to launch two missions utilizing the Neutron rocket in mid-2026. This reusable launch vehicle is expected to have its maiden flight in 2025, and by then RKLB hopes it will enter the USA government's National Security Space Launch (NSSL) Phase 1 program, which has a contract value of $5.6 billion and a duration of five years. RKLB anticipates that by 2030, over 10,000 satellites will need launch services, and the total market value it can address is estimated to reach approximately $10 billion.

"The First Stock of Space Tourism" $Virgin Galactic(SPCE.US)$It is the world's first publicly listed human space commercial flight company, providing suborbital flight services. The company has completed two test flights to the edge of space, and 603 people from 60 countries and regions have paid nearly 80 million dollars in deposits to reserve seats. However, due to its inability to find a sustainable business model and facing the withdrawal of major shareholders, the company has fallen over 87% this year.

  • Space Infrastructure and Services

"The First Stock of Lunar Infrastructure", an American Space Exploration Company $Intuitive Machines(LUNR.US)$ : As an emerging company in the field of lunar exploration, this company plans to launch its IM-2 mission to the moon by the end of 2024 or early 2025. The company also recently announced that it has signed more contracts with NASA's Near Space Network (NSN) program, which will allow it to fully leverage the maximum potential value of the NSN program with a scale of up to 4.82 billion dollars. The company has gained nearly 620% this year.

The backbone of space infrastructure $Redwire(RDW.US)$ Unlike the glamorous packaging of other space companies, Redwire positions itself as 'pragmatic,' which can be seen as the 'screws and bolts' of the space infrastructure. As a leading company in space infrastructure, Redwire's business encompasses several key areas, from space manufacturing to advanced space exploration robotics technology. Its core technology is crucial for future space missions and the commercialization beyond Earth. The company has risen over 500% this year.

Additionally, it includes commercial space companies.$Momentus(MNTS.US)$ and leaders in space infrastructure $Sidus Space(SIDU.US)$

  • Satellite Communications

The first stock of low Earth orbit satellites in the USA. $AST SpaceMobile(ASTS.US)$ It is committed to building a global low Earth orbit satellite Internet, utilizing existing 4G/5G communication frequency bands and standards, allowing devices like mobile phones to connect directly to satellites without modification. The company's cumulative growth has exceeded 280% this year.

In addition, there are two major operators of geostationary (GEO) broadband services in North America— $echostar(SATS.US)$ and $ viasat (VSAT.US)$ these two companies have increased by 36% and decreased by 68% this year.

Satellite communication service provider$Iridium Communications (IRDM.US)$ The company provides global voice and data services through 66 satellites, with a user growth of 11% in the third quarter, reaching 2.48 million. Stable growth is expected in the future by expanding the user base and securing government contracts.

USA low Earth orbit satellite communication company$Globalstar (GSAT.US)$ One of the first companies to enter the low Earth orbit satellite communication field and achieve commercial success, operating for twenty years and still a significant member of the industry. However, user development is limited, profitability is insufficient, and there is considerable operational pressure. Recently, Apple has pledged to invest $1.5 billion in the company through capital injection and service purchase commitments. At the same time, Apple has disclosed that it has already prepaid $1.1 billion in infrastructure costs to Globalstar, of which $0.232 billion is for repaying Globalstar's existing debt.

  • Earth observation and imaging

$Planet Labs PBC (PL.US)$ It is a company with over 13 years of history in Earth imaging. The company has an important and interesting mission: to capture images of the Earth every day. It operates the world's largest remote sensing satellite constellation, providing change monitoring and geographic information insights to global government and commercial clients by frequently collecting imagery data of the Earth's surface and using advanced AI analysis techniques.

$BlackSky Technology(BKSY.US)$ It is a leading provider of real-time geospatial intelligence services. The company operates a small high-resolution remote sensing satellite constellation and offers high-frequency images, analysis, and monitoring services for key targets or areas based on this. Notably, this company has also signed a strategic partnership with Palantir to integrate its images and data into the Palantir platform.

$Spire Global(SPIR.US)$ It is a provider of space data, analytics, and space services, which announced this year that it will cooperate with NVIDIA to develop AI-driven weather forecasting. Spire stated that it will be able to provide fast-updated global forecasts and other features, which traditional numerical weather prediction models cannot achieve.

  • Scientific & Technical Instruments

$Teledyne Technologies(TDY.US)$ Focuses on advanced aerospace systems and solutions, such as aircraft electric appliances, defense systems, and satellite technology, while also serving markets such as factory automation, environmental monitoring, and pharmaceutical research.

  • Space Battery

$KULR Technology (KULR.US)$ is a battery technology company that primarily provides cutting-edge energy storage solutions for space, Aviation, and Aerospace & Defense, with NASA being one of its clients. However, the company recently launched a "Bitcoin Reserve Library" and stated that this strategy was announced on December 4, when KULR's balance sheet had over 12 million dollars in Cash / Money Market, committing to allocate 90% of the surplus cash to Bitcoin.

Aerospace & Defense companies include As of the close of the US stock market on Thursday, the market fell 0.87% this week, closing at 39,935.07 points; during the same period, it fell 1.92%, closing at 5,399.22 points; however, it fell 3.08%, closing at 17,181.72 points. But it is during the hot earnings season, under the storm of "rotation" in the US stock market, there are still many individual stocks with excellent performance.Lockheed Martin (LMT.US)$l3harris technologies (LHX.US)$$ Northrop Grumman (NOC.US) $Please use your Futubull account to access the feature.$AAR Corp(AIR.US)$$Kratos Defense & Security Solutions(KTOS.US)$$Howmet Aerospace(HWM.US)$

Space parts manufacturers include $Heico (HEI.US)$$Astronics(ATRO.US)$ , the former saw investment by investing guru Warren Buffett in Q2 of this year.

And the Closed-end Fund heavily invested in SpaceX $Destiny Tech100(DXYZ.US)$ has surged nearly 50% since the election. In addition, there are several U.S. space ETFs in the stock market, including:

$ARK Space Exploration & Innovation ETF(ARKX.US)$ Invests in stocks involved in space exploration and innovation, divided into four thematic categories: orbital aerospace, suborbital aerospace, enabling technology, and aerospace beneficiaries.

$PROCURE ETF TRUST II SPACE ETF(UFO.US)$ Aims to serve as a stock benchmark for a global investment portfolio targeting companies engaged in space-related businesses (e.g., companies utilizing satellite technology).

$Spdr Series Trust S&P Kensho Final Frontiers Etf(ROKT.US)$ It aims to capture companies whose products and services drive innovation in deep space and deep sea exploration.

$Ishares Trust U.S. Aerospace & Defense Etf(ITA.US)$ It aims to provide investment opportunities in U.S. companies participating in the Aerospace and Defense industry. It seeks to track the performance of the Dow Jones U.S. Select Aerospace & Defense Index, which includes companies engaged in the development, manufacturing, and support of aerospace and defense systems.

Overall, with Trump's rise to power and Musk's increasing influence, USA space policy may shift towards commercialization. NASA may transition from a dominant governmental institution to a more flexible regulator, while commercial companies like SpaceX will gain increasing momentum in this process.

However, investors need to be aware that despite valuations rising year by year, the space business is still a cash-burning machine.

Source: payloadspace
Source: payloadspace

In the first three quarters of this year, Viasat, Planet, and Globalstar are the only companies that have significantly improved their quarterly cash burn rates. Planet laid off 17% of its workforce this summer, focusing on achieving profitability.

Meanwhile, companies engaged in major R&D efforts, such as Rocket Lab's Neutron, AST SpaceMobile's BlueBird, and Virgin Galactic's Delta spacecraft, continue to burn money.

However, despite high cash burn rates, the cash on hand and implied quarterly running rates have improved this year as companies pivot to rebound capital market demands to replenish funds. Therefore, none of the publicly listed space companies are facing an imminent liquidity crisis next year.

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Editor/Somer

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