“its” not “it’s”
F. Scott Wilson [email protected] iPhone 860.881.0609 > On May 31, 2026, at 8:16 PM, Mifnet Admin via Mifnet > <[email protected]> wrote: > > > SpaceX will trade on Nasdaq with a stock ticker of SPCX after its IPO. > > Our initial equity value per share is $260 and DCF Implied market > capitalization of $2.75 trillion compared with approximately $130 per share > in private markets. > > While we expect near-term profitability to come from Starlink, medium and > long-term profitability will be driven by AI. > > Starship is the key to SpaceX’s growth plan and it’s top risk. > > SpaceX plans to achieve commercial airline-like service with multiple > launches per day with Starship. > > Starship will allow the company to accelerate growth in Starlink, develop a > network of orbital data centers to generate compute, and add other services > including building a lunar economy. > > Based on our DCF analysis, we estimate revenue of $500 billion in 2040 > driven by AI, accounting for 74% of total revenue with Connectivity > contributing 20% and Space 6%. > > SpaceX successfully launched its Starship Flight 12 from Starbase in Boca > Chica Beach, marking another milestone in development of the world’s largest > launch system placing SpaceX well ahead of Blue Origin that had a failure on > its New Glenn rocket last week. > > See pages 2 – 4 for details of our SpaceX DCF analysis. > > Our favorite Space Race 3.0 ideas in order are: > > Rocket Lab Corporation > Planet Labs PBC > Intuitive Machines > L3Harris Technologies > Northrop Grumman Corporation > > Planet Labs PBC will announce fiscal first quarter 2027 financial results on > Thursday, June 4, 2026. > > Trading at $51.14, our latest intrinsic value of $66 will be reviewed after > the company reports financial results and updates its outlook. > > See pages 5 – 7 in the attached pdf for the reasons why Planet Labs is one of > our favorite ideas. > > Meanwhile, back on Earth…our favorite global airline ideas in order are: > > Delta Air Lines > United Airlines Holdings > Southwest Airlines > Alaska Air Group > JetBlue Airways > Copa Holdings, S.A. > Ryanair Holdings plc. > Volaris > American Airlines Group > Allegiant Travel Company > > FTAI Aviation is our favorite idea in Aviation Services. > > Joby Aviation and Archer Aviation are our favorite eVTOL ideas. > > Last week, Scott Kirby, CEO of United Airlines Holdings, said he has no > interest in acquiring JetBlue Airways. > > We disagree. > > If United is not interested in JetBlue, there are two other potential > candidates – Alaska Air Group and Southwest Airlines. > > Of the two, Alaska Air Group is the most likely to start the bidding process. > Why? > > First, Alaska has a strong route network on the West Coast and a weaker one > on the East Coast that a merger with JetBlue would fix – and vice versa. > > Second, Alaska has an entrepreneurial management that has a successful track > record of integrating two airlines in the 10 years – Virgin America and > Hawaiian Airlines. > > Third, the combined airline would give it a position of primacy in the highly > profitable transcontinental markets. > > Fourth, both airlines have strong loyalty bases that can be leveraged into > one stronger platform. > > Fifth, Alaska has a strong balance sheet with $20 billion of unencumbered > assets that can absorb JetBlue’s $6 billion in net debt. > > Sixth, there is a high probability that the Department of Transportation and > the Justice Department would approve the deal since it would make the > combined carrier a stronger competitor to the Big 4. > > Seventh, we believe a takeover price between $15 and $25 is not unreasonable > based on the most recent deals. > > See pages 9 and 10 in the attached pdf for more details on the potential > takeover. > > Also, in this Heard in the Hangar are our takeaways on the current ceasefire > for 60 days in the Middle East, SpaceX, RKLB, PL, LUNR, JBLU, CPA, RYAAY, > AAL, FTAI, JOBY, and ACHR. > > > > > > <Heard in the Hangar > #341.pdf>-------------------------------------------------------------------------- > Revised: 20250507 > > You are receiving The Mifnet because you requested to join this list. > > The Mifnet is largely a labor of love, however the infrastructure isn't > exactly cost-free. If you'd care to make a small contribution to the effort, > please know that it would be greatly appreciated: > https://wardell.us/url/mifbit <https://wardell.us/url/mifbit> > > All posts sent to the list should abide by these policies: > > 1) List members acknowledge that participation in Mifnet is a privilege--not > a right. > 2) Posts are always off the record, absent specific permission from the > author. > 3) The tone of discussions is collegial. > 4) Posts are expected to be in reasonably good taste. > 5) We discuss ideas and not personalities, and we don't speak ill of other > Mifnet members. > > * The Mifnet WEB SITE is: > https://www.mifnet.com/ <https://www.mifnet.com/> > > * To UNSUBSCRIBE from this list at any time please visit: > https://lists.mifnet.com/ <https://lists.mifnet.com/> > OR: SEND THIS MESSAGE via email: [email protected] > <mailto:[email protected]>?subject=leave > > * Send Mifnet mailing list POSTS/SUBMISSIONS to: > [email protected] <mailto:[email protected]> > > * You may reach the person managing The Mifnet at: > [email protected] <mailto:[email protected]> > > * Please consider the DIGEST version of The Mifnet, which consolidates all > list traffic into 1-3 > messages daily. See instructions at: > https://lists.mifnet.com/ <https://lists.mifnet.com/> > > * Manage your personal Mifnet SUBSCRIPTION at: > https://lists.mifnet.com/ <https://lists.mifnet.com/> > > * For a list of all available Mifnet commands, SEND THIS MESSAGE via email: > [email protected] > <mailto:[email protected]>?subject=help > > * View The Mifnet LIST POLICIES and PRIVACY POLICY at: > https://mifnet.com/index.php/policies <https://mifnet.com/index.php/policies> > > * View instructions for Mifnet DELIVERY PROBLEMS at: > https://mifnet.com/index.php/delivery-problems > <https://mifnet.com/index.php/delivery-problems> > > * View The Mifnet LIST ARCHIVE at: > https://lists.mifnet.com/hyperkitty/list/[email protected]/ > <https://lists.mifnet.com/hyperkitty/list/[email protected]/>
-------------------------------------------------------------------------- Revised: 20250507 You are receiving The Mifnet because you requested to join this list. The Mifnet is largely a labor of love, however the infrastructure isn't exactly cost-free. If you'd care to make a small contribution to the effort, please know that it would be greatly appreciated: https://wardell.us/url/mifbit All posts sent to the list should abide by these policies: 1) List members acknowledge that participation in Mifnet is a privilege--not a right. 2) Posts are always off the record, absent specific permission from the author. 3) The tone of discussions is collegial. 4) Posts are expected to be in reasonably good taste. 5) We discuss ideas and not personalities, and we don't speak ill of other Mifnet members. * The Mifnet WEB SITE is: https://www.mifnet.com/ * To UNSUBSCRIBE from this list at any time please visit: https://lists.mifnet.com/ OR: SEND THIS MESSAGE via email: [email protected]?subject=leave * Send Mifnet mailing list POSTS/SUBMISSIONS to: [email protected] * You may reach the person managing The Mifnet at: [email protected] * Please consider the DIGEST version of The Mifnet, which consolidates all list traffic into 1-3 messages daily. See instructions at: https://lists.mifnet.com/ * Manage your personal Mifnet SUBSCRIPTION at: https://lists.mifnet.com/ * For a list of all available Mifnet commands, SEND THIS MESSAGE via email: [email protected]?subject=help * View The Mifnet LIST POLICIES and PRIVACY POLICY at: https://mifnet.com/index.php/policies * View instructions for Mifnet DELIVERY PROBLEMS at: https://mifnet.com/index.php/delivery-problems * View The Mifnet LIST ARCHIVE at: https://lists.mifnet.com/hyperkitty/list/[email protected]/
