SpaceX Roadshow Begins After Starship Launch
Спикеры
Ed Ludlow
— Соведущий, Bloomberg Technology
The video covers SpaceX's IPO roadshow and the successful Starship launch, with space stocks surging. It also discusses Micron's low valuation and a UBS upgrade, leading to a significant stock rally. The broader market reaction to these events is analyzed.
- SpaceX begins IPO roadshow after filing S1 for a large IPO.
- SpaceX Starship test flight successfully deploys mock satellites and returns.
- Space stocks rise on sector validation from SpaceX's IPO progress.
- Micron shares surge over 13.5% following a UBS price target upgrade.
- UBS argues Micron's multiple should expand due to strong memory demand.
- Discussion of SpaceX's $28.5 trillion TAM, with AI software as a major component.
- Ed Ludlow notes the ripple effect of SpaceX's financial events on space startups.
- Micron's low forward P/E (under 8x) is highlighted as a valuation opportunity.
Идеи
Micron undervalued, multiple expansion ahead
Micron is undervalued relative to its total addressable market and strong memory demand. A UBS note raised the price target, arguing the market will eventually assign a more normal multiple as memory demand remains high and supply cannot keep up. This multiple expansion should drive the stock higher.
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