Trade Alert: Investing Some More Into The Space Revolution
As the bloodbath small caps that I’d been expecting accelerates here and is taking down the valuations of our two recent space SPAC stock purchases, I am using the decline in their prices as an opportunity to add to VACQ and HOL. As I mentioned in their respective trade alerts, these are VC-like investments and we have to accept and even take advantage of the volatility of these names. Nothing has changed with the underlying businesses or the Space Revolution, just the price that we have to pay be a part of it.
In fact, Rocket Lab (VACQ) had yet another successful launch on Monday where they deployed seven satellites to orbit. Probably the most important of those seven satellites was Rocket Lab’s company-built and -owned Photon satellite that I wrote about when introducing you to Rocket Lab. After separating from the second stage booster rocket, Photon acted as a space tugboat delivering six customer satellites to their respective orbits before powering back up and positioning itself in a different orbit where it will remain in space collecting data and further proving its technology for Rocket Lab’s involvement in NASA’s CAPSTONE project later this year.
In addition to Photon, one other important satellite launched was for another company involved in the Space Revolution, BlackSky (SFTW). Realize that Blacksky is spending the money that they’ve raised in the burgeoning Space Revolution financial system and spending on services from another company that is using money that they’ve recently raised in order to provides said services. Rocket Lab’s critical part of the space ecosystem was further demonstrated this morning when BlackSky inked a deal with Rocket Lab for nine additional satellite launches on five Rocket Lab missions to space.
This is an exciting time as we literally have a front row seat watching the Space Revolution develop right before our eyes. This was evident this week as I watched a Rocket Lab launch on Monday, followed the tanker ship stuck in the Suez Canal from images taken from a satellite yesterday, and see more and more space companies raising large amounts of money and/or coming public on a daily basis. In fact, today another Space SPAC deal was announced as Redwire is looking to come public via the Genesis Park SPAC vehicle currently trading under the symbol GNPK (yes, we are spending all day digging into this new potential name of course).
Remember that we in somewhere in the top of the first inning of the Space Revolution and that we are investing in the Space Revolution for the next 10,000 days. Opportunities like today that allow us to get in at better prices before the rocket leaves the launchpad.
We will do this week’s Live Q&A chat at 10am ET tomorrow (Friday), in the TWC Chat Room or just email us your question to support@tradingwithcody.com.
