20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Tesla Inc's (NASDAQ:TSLA) sister company, SpaceX, carried its first astronauts into orbit last week, making history for the private space industry.
Achievements such as this have helped CEO Elon Musk attract investments for ambitious projects. SpaceX’s recent $125 million funding round brought the company to a $36 billion valuation, according to CNBC. Morgan Stanley cites a valuation closer to $50 billion.
Starlink Success
The analysts suspect SpaceX’s value lies largely in Starlink, the company’s low-latency broadband internet system.
“We are modeling for $10 billion to $15 billion from 2020-2025 for Starlink, with the potential for more from ground terminals, 30,000 additional satellites and replacement of satellites, and expenditures associated with Starship/hypersonic point-to-point transport and Mars/deep space exploration,” analysts Armintas Sinkevicius, Adam Jonas, Simon Flannery and Matthew Sharpe wrote in a note.
In a best-case scenario, with the broadband internet taking off, SpaceX could achieve a $120 billion valuation. If the project fails entirely and SpaceX remains a satellite launcher, valuation could drop to $5 billion.
Starship Support
Morgan Stanley also sees potential in SpaceX’s Starship, “which can accelerate the deployment of the Starlink network, and unlock opportunities around hypersonic point-to-point transportation and deep space exploration,” the analysts wrote.
The company’s first Starship technology to pass the cryogenic tanking test failed to withstand a static fire test last week, but SpaceX has already begun construction on a new prototype. President and COO Gwynne Shotwell has forecasted successful Starship flights by 2026.
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20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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