Just like market reports, reliable business statistics are hard to come by. Somewhere between 0.00006% and 2.5% of companies reach the billion-dollar milestone. There’s an order of magnitude or two between those two numbers, but the message is clear nonetheless: The odds of becoming a billion-dollar success are pretty darn high. Of course, there are […]
What a catch! No, we’re not talking about our staff of MBAs. Earlier this week, Rocket Lab (RKLB) snatched a booster stage out of mid-air with a helicopter. The launch company is following the SpaceX model by developing reusable rocket boosters, which many see as the best way to make access to space cheaper and […]
It’s part of human nature to want to put a label on something, even when we don’t quite know how to categorize it. One of the best examples out there is Gonzo the Great, the Muppet with an unhealthy fetish for chickens. People have been asking for decades: What the hell is Gonzo? Maybe a […]
The biggest problem with SPACs wasn’t that they were structured to give retail investors the short end of the stick, it was that they didn’t provide enough information to make an informed investment decision. When Planet Labs (PL) filed their year-end results, requests came pouring in for us to revisit the company following our piece […]
Kids who want to be astronauts epitomize the primal desire we all have to discover the unknown. Now that our small planet can be explored by generally anyone with resources, space is truly the final frontier. Investors seem to find the NewSpace thesis particularly alluring because it’s filled with excitement and exploration of the unknown. […]
Last year, we profiled a publicly traded firm that offers the only pure-play fund for investing in public and private space companies. Seraphim Space Investment Trust (SSIT.L) basically acquired the assets from Seraphim Capital’s Seraphim Space Fund, which is focused on NewSpace. At the time of the IPO in July 2021, SSIT was still in […]
Space: The final frontier … probably because it’s the last place you want to invest your money right now. Special purpose acquisition companies (SPACs) have bred faster than tribbles over the last couple of years, absorbing every tech company with a pipe dream and a pipeline that promised billions in projected revenues. These blank check […]
Nothing screams “I know nothing about investing” more than someone who celebrates short-term stock price movements. Unless you’ve moved to capture alpha by closing your position, you have a paper gain and have achieved nothing. Many the newbie “investor” has watched a stock gain +100% and then ended up selling at a -50% loss. The […]
There’s an entire contingent of twats on Twitter who think the way to be a successful investor is to find one stock they like and then cram it down everyone’s throats as if they’re selling Amway products. If you criticize their sacred cow in the slightest way, they become unhinged. A better way to use […]
In 2004, Blockbuster video had reached its peak with 9,000 brick-and-mortar stores worldwide and a new store opening every 17 hours. Today, there’s just one left in Bend Oregon – the last Blockbuster store. If you were an investor in Blockbuster at that time, what metrics would you have been watching to make sure you exited your […]