Forum Topics Founder Influence
wonkeydonkey
Added 10 months ago

Another interesting story with the political fallout in the US and Mr Musk

After an extraordinary rally of nearly 500% this week of shares in Franco-British satellite operator Eutelsat

The surge in Eutelsat’s share price was sparked by the possibility of the company replacing Starlink, Elon Musk’s satellite internet service, in Ukraine.

It has 600 satellites compared to 7000 that Starlink has perhaps there is change on the horizon


"The French satellite operator’s debt was trading at near-distressed levels, with some money managers citing it as a popular short bet for hedge funds and trading desks. This week though, the unfolding signs of a geopolitical shift, and Europe’s race for an alternative to Elon Musk’s Starlink are driving a stunning reversal"

“With this credit something has fundamentally changed,” Squire, a portfolio manager at Schroders Plc, said in an interview. “Europe will have to stand on its own two feet in all areas defense-related and that will be beneficial to Eutelsat.”

“It’s almost like a GameStop experience,” he added, referring to the 2021 saga of the video-game firm whose overnight transformation into a retail-trader favorite left hedge funds licking their wounds.



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BrianJ
Added 10 months ago

I'm hoping over the coming 4 years that Rocket Lab also receives similar interest from companies and Governments no longer wanting to support SpaceX as they build Neutron to compete with SpaceX's Falcon 9.

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Lewis
Added 10 months ago

I can see all of Musk's ventures following the BlackBerry trajectory. It was the first smartphone to gain mass adoption, it changed the game, it had essentially 100% market share and showed the world what was possible, only to be destroyed by competition 5-10 years later. Tesla is already there I think (helped by some bad PR), rockets and satellites need massive cap-ex and/or government backing, so maybe they hold on a bit longer.

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wonkeydonkey
Added 10 months ago

Hey @BrianJ , yes, I do follow Rocket Lab's fortunes. I used to be a shareholder, but my patience gave way, and I sold out last March.

I note the share price has done well since then (standard operating procedure ;-)

They have a new product called the  Flatellite...great name

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