Space-Investor @Space-Investor: "Space Portfolio Update Week Ending..."

Australia

Space Portfolio Update Week Ending 2024-08-09 Disclosure: This portfolio is invested in the following companies referenced below – RR.L (Rolls-Royce), LDO.MI (Leonardo), GILT (Gilat), ASTS (AST SpaceMobile), RKLB (Rocket Lab), SPIR (Spire Global), ETL.PA (Eutelsat Group), BKSY (BlackSky), IFX.DE (Infineon), BA.L (BAE Systems) Past Week Returns: 🟢 This Portfolio: 0.99% 🔴 S&P 500: (0.04) tinyurl.com/3xbk8xse 🟢 HSPAP: 1.74% tinyurl.com/h5uymjdj Benchmark ETFs 🟢 ARKX: 0.56% tinyurl.com/4vkwz5a4 🟢 ROKT: 1.49% tinyurl.com/yt4avxb7 🟢 ITA: 2.21% tinyurl.com/ywxuw5hx 🟢 UFO: 2.78% tinyurl.com/2jtkeanw 🟢 Benchmark ETF Average: 1.76% 12 Month Returns: 🟢 This Portfolio: 31.55% 🟢 S&P 500: 19.62% 🟢 HSPAP: 16.97% Benchmark ETFs 🔴 ARKX: (2.51%) 🟢 ROKT: 9.78% 🟢 ITA: 19.35% 🔴 UFO: (11.84%) 🟢 Benchmark ETF Average: 3.70% 2 Year Returns: 🟢 This Portfolio: 64.40%* 🟢 S&P 500: 29.63% 🟢 Benchmark ETF Average: 9.71% *Calculated using the same method as our benchmarks – note this can result in a different 2 Year Return to the one reported by eToro at www.etoro.com/people/space-investor This week both of our positions in BWXT (BWX Technologies) hit their trailing stops for a gain of 80.4% after being held for an average of 25 months. One of our positions in $RR.L (Rolls-Royce) also hit its trailing stop for a gain of 345.4% after being held for 27.5 months. I split the remaining position into 2 parts to enable placing a trailing stop on half of our remaining holdings – this transaction cost us very little with the difference between the closing and reopening prices being only £0.003 per share; it closed the week at ~£4.83. I also opened new a position in $LDO.MI (Leonardo SpA) using 1.3% of our equity and one in $GILT (Gilat Satellite Networks Ltd) using 0.65%. Those new positions ended the week with gains of 10.29% and 14.15% respectively. This week’s transactions left us with an end-of-week cash balance of 28.04% (www.etoro.com/people/space-investor/portfolio/chart/allocation ) making this the third week in a row that our cash balance has grown to a new all time high. I’d prefer not to be holding so much cash, particularly with inflation rates at current levels, however I do have an extensive shopping list and if valuations come down then much of our cash will get invested. We still have many trailing stops and some hard stops in place so it’s possible our cash balance could grow further yet. Given recent market volatility and high valuations, I’d rather be holding too much cash than too little at this point in time. 15 of our 29 holdings had gains this week. 🟢 $ASTS (AST SpaceMobile Inc) gained 14.59%. They were granted FCC approval for the launch of their first 5 commercial satellites which have already arrived at Cape Canaveral in preparation for launch next month - www.businesswire.com/news/home/20240805857810/en/FCC-Approves-AST-SpaceMobile-Launch-of-First-Commercial-Satellites-Each-the-Largest-Ever-Communications-Array-to-be-Deployed-Commercially-in-Low-Earth-Orbit Here’s what Scotiabank had to say recently when they raised their 12 month price target from $12.90 to $21.10 - web.archive.org/web/20240811093040/https://pbs.twimg.com/media/GUUMxNLXIAA8bnK?format=jpg&name=large 🟢 $RKLB (Rocket Lab USA Inc.) was up 11.64% partly due to the de-risking milestone of having successfully fired the Archimedes engine at full power for the first time - www.businesswire.com/news/home/20240808926407/en/Rocket-Lab-Completes-Successful-First-Hot-Fire-of-Archimedes-Engine-for-Neutron-Rocket Additional gains also came after they announced better than expected Q2 results – compared to the same quarter last year ($ in millions except for EPS): - Revenue: $ 106.3 +71.2% - Gross Profit: $27.2 +86.1% - Net Loss: $(41.6) +9.3% - EPS: $(0.08) +20.0% The losses are primarily due to costs related to developing their new rocket Neutron. On the earnings call CFO Adam Spice said they expect to reach positive cash flow on a permanent basis about 2 quarters after Neutron’s first launch – they currently expect that launch to happen around the middle of next year. investors.rocketlabusa.com/news/news-details/2024/Rocket-Lab-Announces-Second-Quarter-2024-Financial-Results-Posts-Record-Revenue-on-71-Year-on-Year-Growth/default.aspx 🔴 SPIR (Spire Global) was down (12.30%) making it the second week in a row it appears here on this list, and pretty much for the same reasons as last week – continuing high interest rates and market volatility hurting pre-profit and small cap stocks; Spire belongs to both categories. Report continued in the comments...

5 Mentioned

RR.L

Rolls-Royce

LDO.MI

Leonardo SpA

GILT

Gilat Satellite Networks Ltd

ASTS

AST SpaceMobile Inc

RKLB

Rocket Lab USA Inc.