【Couch Investor】80亿重磅收购！迈向千亿美元目标

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大家好，欢迎回到今天的视频

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在今天的视频中

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我们需要回顾之前的十倍增长机会

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而今日的新闻正在强化下一个潜在十倍机会

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现在必须注意的是，当我们谈论十倍机会时

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短期内不会立即发生

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是的，过去一两年许多事物涨幅远超预期

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但另一方面

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过去一两年发生了许多事情

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现在我要谈论

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当然还有火箭实验室

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火箭实验室在我的投资组合中表现非常出色

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但股价从约4美元回升至90到100美元

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当然之前曾达到更高价位

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每当谈到火箭实验室时

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我们始终强调这是一个百亿美元级企业

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但不会在一年内实现

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两年或甚至三四年

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五年左右会发生什么

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至今仍未实现

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当然股价从

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从四到五美元涨至一百美元

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不过

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这并非十倍增长

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实际涨幅远超十倍

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因此我并非在说

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我仍然相信存在巨大的上涨空间

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我并非仅凭此说

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因为SpaceX估值已达两万亿美元

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没错

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并非所有事物都被高估

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火箭实验室当前估值也偏高

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但火箭实验室今日宣布了一项重大收购

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收购金额达80亿美元

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稍后我们将详细解析结构

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但这将改变市场对火箭实验室的评估

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并未改变火箭实验室的最终目标

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即成为一站式太空服务提供商

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而这正是火箭实验室当前的发展方向

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未来将如何发展

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该收购预计将于2027年中左右完成

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但这是一项重要收购，我们将在视频中详细讲解

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首先如您所见

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这就是当前市场动态

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在市场中

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之前提到的公司

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今日有所反弹

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亚马逊、Meta、谷歌、Palantir

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Netflix与美光科技

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下跌3.2%

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目前仍为一点二

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每股仍超一千美元

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但你可以看到sandisk今日下跌

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四点

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约六个百分点

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但其他许多公司目前也在小幅上涨

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我们现在要关注火箭实验室

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火箭实验室今日涨至近十美元

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A股今日涨至近十一点三

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火箭实验室去年股价已上涨156%

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但仍在经历约三点九的回调

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正如你所见

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你可以观察这只股票的表现

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我们可以查看今年以来的业绩

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仍上涨20.7%

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火箭实验室是一家约530亿美元公司

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目前尚未盈利

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关于此次收购

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盈利路径正在快速推进

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我们谈论的是哪项收购呢

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我们说的是铱星公司

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火箭实验室将收购铱星公司创历史交易

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打造完全垂直整合的太空巨头

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准备迎接增长

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这里的价值

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企业估值将达80亿美元

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铱星是全球领先的语音数据定位导航与授时卫星服务商

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这一切为何重要呢

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此次收购将合并火箭实验室

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领先的发射能力与卫星制造与铱星

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全球卫星通信网络频谱及五百多家合作伙伴生态

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打造具备竞争力的垂直整合太空企业

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设计

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制造

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发射并运营自有星座

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为全球数百万用户提供关键通信能力

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这里的频谱部分至关重要

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并非亚马逊蓝色起源

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我们也看到SpaceX的情况

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我们能获得什么

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我们获得火箭实验室高端发射服务

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航天器制造

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高度垂直整合

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值得信赖的政府伙伴与新空间颠覆者

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关于铱星的独特运营星座

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极具价值的频谱资源

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数百万活跃用户

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值得信赖的政府伙伴及稳定现金流

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整合后将形成高度自给的全球太空力量

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能够从铱星现有网络中释放更多增长潜力

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并构建新星座以解锁下一代服务和未开发的全球市场机会

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我们从铱星获得的是截至2025财年的数据

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达到八百七十一点

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七百万总收入

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五十

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七个百分点或稍高

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利润率约为四亿九千五百万美元

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这是持续的高利润率订阅现金流

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使合并后的太空企业能够稳健融资

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这一点非常重要

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没错因为火箭发射目前还不盈利

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但一旦两家公司合并

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财务状况将大幅改善

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一旦财务状况显著改善

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我们就能

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当然行动会更快

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当然现在就需要

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当然对于铱星来说

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这也意味着他们现在有了所谓的发射合作伙伴

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其实并非真正的发射合作伙伴

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而是公司自身

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无需再依赖SpaceX或其他公司

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因此当实现垂直整合

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成本方面会更优

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目标发射量约为十次

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第三方平均发射成本

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我估计SpaceX大概在

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可能约八十万美元左右

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或许七十万五

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但暂定八十万美元

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预计对外支付八亿美元

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节省约两亿四千万美元

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发射次数越多

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节省越多没错

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完全合理

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现在我们拥有

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收购公告的发布

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预计2027年中完成

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业务模式将持续增长

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对于合并实体

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将捕获重型第三方发射利润

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运营规模直接转化为核心收益

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高利润率订阅现金流

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无缝资助长期发射扩展

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全球L波段频段所有权确保不可撼动的市场地位

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彼得·贝克的引言

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我们将远超维持传统

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我们将在此基础上建设

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正如之前所说

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这里的频谱非常重要

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他们在幻灯片里提到过

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如果你想在太空做大事

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你需要频谱资源

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整个市场规模超过一百亿美元，看看其他竞争对手

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亚马逊有全球星项目

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SpaceX有回声星，火箭实验室现在有铱星

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这非常重要因为太空领域非常广阔

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但仍有相关规定

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你不能想做什么就做什么

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尤其是在通信领域

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现在看到火箭实验室与SpaceX、亚马逊之前的对话

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我说的是蓝色起源

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但实际上又是

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是亚马逊和全球星

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你开始看到

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其他公司的规模

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当然其他公司规模更大

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它们的营收更高

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等等

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但你能看到火箭实验室的发展方向

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他们并不考虑

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哦

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我们现在是一家六十亿美元公司

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没错，彼得·贝克多次说过

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我在打造一家公司，目标成为百亿美元企业

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这正是当前的情况

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这是一家公司

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此次收购将使合并实体价值大幅提升

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过去十二个月实际接近一亿美元营收

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但利润率已转正

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目前已是盈利业务

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这将帮助目前亏损的火箭实验室

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但我们仍需发射火箭

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我们仍需制造火箭

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我们仍需发射'神经'火箭

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神经火箭的研发并不便宜

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现在过去十二个月后

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你将获得铱星项目

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这

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当然带来现金流

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良性业务

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对他们帮助巨大

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不仅过去如此

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未来仍将如此

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现金流将持续增长

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政府合同

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我认为政府合同将越来越重要

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而且现在规模更大了

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我知道有些人会说

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好的

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但这对太空移动设备来说是不是不好

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我不想再争论了

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或者火箭实验室比自家火箭更好

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所以

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当然我认为比太空移动设备更好

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但你可以同时拥有两者

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你只能选择其一

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你可以拥有SpaceX

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这取决于你

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我无所谓

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这两家公司都在做不同的事情

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我认为这很清楚对吧

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火箭实验室发射自己的火箭进入太空

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搭载自己的载荷或他人的载荷

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A.T.并不发射火箭进入太空

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但未来他们的业务可能

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凭借全球众多合作伙伴，这将是非常成功的业务

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同时合作伙伴在全球也有大量订阅用户

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这可能转化为数十亿美元的营收

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未来将产生数十亿美元的自由现金流

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但火箭实验室的这一举措

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是的

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使他们成为航天行业最大玩家之一

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将会挑战SpaceX

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毕竟SpaceX本身也在竞争

226
00:10:19,828 --> 00:10:23,889
SpaceX现在也涉足了云超大规模计算业务

227
00:10:23,889 --> 00:10:24,490
所以

228
00:10:26,159 --> 00:10:30,320
但火箭实验室不应与新公司相比

229
00:10:30,320 --> 00:10:32,460
任何太空初创企业

230
00:10:32,460 --> 00:10:34,779
这一举措巩固了火箭实验室

231
00:10:34,779 --> 00:10:36,289
在我看来

232
00:10:36,289 --> 00:10:39,820
成为航天行业最大赢家之一

233
00:10:39,820 --> 00:10:40,340
是的

234
00:10:40,340 --> 00:10:47,190
我认为未来十倍增长机会更加清晰

235
00:10:47,190 --> 00:10:50,350
这不是会不会发生的问题

236
00:10:50,350 --> 00:10:53,850
而是何时发生的问题

237
00:10:53,850 --> 00:10:55,470
对于新接触火箭实验室的人来说

238
00:10:55,470 --> 00:10:56,909
如果你想追逐它

239
00:10:56,909 --> 00:10:59,240
需自行承担风险

240
00:10:59,240 --> 00:11:00,500
清楚自己在买什么

241
00:11:00,500 --> 00:11:04,240
目前这家公司仍不便宜

242
00:11:04,240 --> 00:11:04,779
是的

243
00:11:04,779 --> 00:11:09,080
我上周以低于90美元增持了火箭实验室股票

244
00:11:09,080 --> 00:11:10,889
价格也不低

245
00:11:10,889 --> 00:11:13,269
但比之前更便宜了

246
00:11:13,269 --> 00:11:17,090
但对我而言，每增持低于百美元的股份

247
00:11:17,090 --> 00:11:22,570
意味着以百美元均价回购之前持有的股票

248
00:11:22,570 --> 00:11:27,370
我的平均成本也远低于今天仍在买入的人

249
00:11:27,370 --> 00:11:28,950
所以我有时间

250
00:11:28,950 --> 00:11:30,950
我接受逐步加仓

251
00:11:30,950 --> 00:11:35,679
尤其是如果仍然存在十倍机会的话

252
00:11:35,679 --> 00:11:37,849
就在四美元时我买入

253
00:11:37,849 --> 00:11:38,849
我也在十美元时买入

254
00:11:38,849 --> 00:11:39,969
我也在十五美元时买入

255
00:11:39,969 --> 00:11:41,370
二十、三十美元时

256
00:11:41,370 --> 00:11:43,049
因为如果存在十倍机会

257
00:11:43,049 --> 00:11:46,490
或者之前出现过二十倍机会

258
00:11:46,490 --> 00:11:47,769
那其实没关系

259
00:11:47,769 --> 00:11:49,210
即使你稍微高点买入

260
00:11:49,210 --> 00:11:49,789
没错

261
00:11:49,789 --> 00:11:51,269
试图保护自己

262
00:11:51,269 --> 00:11:52,450
这里五到十个百分点

263
00:11:52,450 --> 00:11:57,100
这样可能会错过十倍机会

264
00:11:58,220 --> 00:11:59,870
我仍然认为我们有时间

265
00:11:59,870 --> 00:12:01,789
我觉得今天是个好日子

266
00:12:01,789 --> 00:12:02,730
大幅上涨

267
00:12:02,730 --> 00:12:04,490
但同样出现了大幅上涨

268
00:12:04,490 --> 00:12:06,139
整体市场来看

269
00:12:06,139 --> 00:12:08,360
我们还能有回调吗

270
00:12:08,360 --> 00:12:08,820
是的

271
00:12:08,820 --> 00:12:11,000
我仍认为会有回调

272
00:12:11,000 --> 00:12:13,820
我仍认为这是个重大新闻

273
00:12:13,820 --> 00:12:16,120
当前市场波动剧烈

274
00:12:16,120 --> 00:12:18,909
所以不要害怕像

275
00:12:18,909 --> 00:12:19,129
哦

276
00:12:19,129 --> 00:12:20,850
我不会有这个机会了

277
00:12:20,850 --> 00:12:27,799
我认为你会有很多机会增持火箭实验室股票

278
00:12:27,799 --> 00:12:29,480
快速更新

279
00:12:29,480 --> 00:12:32,240
我很少谈论火箭实验室

280
00:12:32,240 --> 00:12:35,559
尽管它是我的最大赢家之一

281
00:12:35,559 --> 00:12:39,519
但今天的消息值得特别节目

282
00:12:39,519 --> 00:12:40,159
因为先生

283
00:12:40,159 --> 00:12:43,100
彼得·贝克和他的团队持续交付成果

284
00:12:43,100 --> 00:12:45,899
持续高效执行无多余动作

285
00:12:45,899 --> 00:12:46,399
是的

286
00:12:46,399 --> 00:12:47,840
Neutron项目被推迟

287
00:12:47,840 --> 00:12:49,049
但另一方面

288
00:12:49,409 --> 00:12:52,129
Neutron对公司意义重大

289
00:12:52,129 --> 00:12:57,259
如果他们认为应推迟以获取更多数据

290
00:12:57,259 --> 00:12:59,440
无论何时发射

291
00:12:59,440 --> 00:13:01,460
都可以推迟

292
00:13:01,460 --> 00:13:01,879
因为

293
00:13:01,879 --> 00:13:02,679
猜猜看

294
00:13:02,679 --> 00:13:04,620
公司的其他业务

295
00:13:04,620 --> 00:13:07,340
Electron火箭的其他发射任务

296
00:13:07,340 --> 00:13:11,100
目前都表现极佳

297
00:13:11,100 --> 00:13:12,029
但没错

298
00:13:12,029 --> 00:13:15,289
中子对公司的变革意义重大

299
00:13:15,289 --> 00:13:16,230
只有全部

300
00:13:16,230 --> 00:13:16,509
就是这样

301
00:13:16,509 --> 00:13:16,870
我为你准备的

302
00:13:16,870 --> 00:13:17,610
在今天的视频中

303
00:13:17,610 --> 00:13:18,830
我们下次再见

304
00:13:18,830 --> 00:13:19,779
再见

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