Market has to explain why $RKLB trades at 30-40x sales with net income deeply negative while AVIO SpA - ticker $AVIO.IM - barely trades at 1-1.2x sales while being profitable and with 10-15% of market cap in net cash 💰🚀

Also some additional context on rideshare pricing.

Imperfect statistics are arguably better than flying blind. But a greater humility is warranted in how we interpret them. Read Peter C. Earle's latest at The Daily Economy: thedailyeconomy.org/article/econom…

My new blog post on the EchoStar-SpaceX news, and how the key question is what Apple does next tmfassociates.com/blog/2025/09/0…

Gerst: Metallic heat shield tiles "didn't work so well" on the last Starship test flight. arstechnica.com/space/2025/09/…

*5 CLPS contracts

When you really want to go to space, but can’t afford it in your lifetime.

Space economy: "there is a crucial distinction between revenues enabled by space and revenues earned by the space sector itself." I couldn't have said it better. thespacerepublic.news/p/rethinking-t…

I think that Registradores de España website was designed to prevent anyone to actually access the data. I don't understand why they need so much personal information (including copy of my ID) just to sell me the public accounts of any company. And nothing works well...

“The race is not just about getting to the Moon, but also who can control its resources once they are there.” The usual circular reasoning…

Interesting take.

Diminishing ARPU

Right answer is the second one. spacedaily.com/reports/Astero…

Elon Musk T-Mobile Starlink Mint Mobile Verizon FCC AT&T Don't believe the hype about carrier loyalty to satellite partners. AT&T and Verizon 's deals with AST SpaceMobile are hedges, not marriages. If Starlink offers a superior service, they will drop AST instantly. It's business, not friendship. 🤝🔪 #Broadband

"We went from eight months production for a single bird to, by the end of the plane, we were able to make a satellite within weeks."

"China was the second-biggest spender on space defense and security in 2024 with $9.3 billion, according to Novaspace data" the usual idiocies on the Chinese space budget. China’s military space program put more mass in orbit than its US counterpart in the past 5 years.

So true. And this aligns with the fact that ‘space economy’ assessment are poorly done. They are not TAM for space system and services providers, and they don’t capture the full value added enabled by space assets. x.com/aravindeo/stat…

The other 3 billion, still too poor to even afford a handset. developingtelecoms.com/telecom-busine…