New @finimize app icon. Our team crafted it by recreating the sound of a flying billfold in a vacuum chamber.
🤖 Made with AI
I’m sorry but in the last 10 minutes I just found out there’s a new guitar hero. Roller coaster tycoon. And Lego cities skylines coming out.
anders kravis retweeted
Introducing the Finimize Idea Portfolio, now on web.
Positions tracked transparently with ongoing updates as each thesis develops.
finimize.com/ideas
anders kravis retweeted
Watch Starship's twelfth flight test xitter.cf/i/broadcasts/1pKkOykQR…
Colony adjusted EBITDA.
#spacex
At A $2 Trillion Valuation, SpaceX Would Rank Among The Ten Biggest US Stocks
@SpaceX is heading for what could be the biggest IPO in history – a roughly $75 billion offering at a valuation north of $2 trillion, potentially as soon as June.
That's a lot of zeros for a company @elonmusk swore he'd never take public (at least not until humans reached Mars).
At $2 trillion against about $18.7 billion in 2025 revenue (based on leaked IPO prospectus details), it would list at around 107x trailing sales.
For context, Tesla trades at about 13x, while Palantir – the most expensive stock in the S&P 500 by a wide margin – sits closer to 62x.
The median Nasdaq 100 stock, meanwhile, trades at roughly 6x.
There’s no public market comparable trading at anything close to this multiple at this scale.
Of course, no one’s valuing SpaceX on what it made last year – they’re paying for what it could become.
And that vision is huge, including things like:
• Starship (SpaceX's fully reusable, super heavy-lift vehicle) positioning the company as the world's dominant launch provider with an unmatched cost advantage.
• Billions of Starlink subscribers generating high-margin recurring revenue (Starlink's EBITDA margin is already >50%).
• A first-mover in orbital data centers (@AnthropicAI just expressed interest in partnering with SpaceX to deploy multiple gigawatts of orbital AI compute capacity).
• A go-to government partner for human and cargo missions to the Moon and eventually Mars.
SpaceX may well deliver on parts of that vision, sure, but the key point is this: at such a lofty starting valuation, a great deal of optimism is already priced in – leaving little room for execution missteps.
Finimize will go over all of this and lots more – including a full sum-of-the-parts valuation – in an upcoming research piece on SpaceX next week. Stay tuned.
#Space #SpaceX #AI #Anthropic $PLTR
Alpha
The average Finimize analyst idea has delivered a 29% return.
Since launching the Finimize Analyst Desk in 2024, our investment ideas have:
- Delivered an average annualized return of 37%
- Beaten their benchmarks by 17 percentage points
- Made money on 83% of calls
Note that chart below shows the absolute return of each idea (not annualized).
anders kravis retweeted
🌟 Intel’s Comeback Has Been Stellar. The Risk-Reward No Longer Is.
In October 2024, I added Intel to the Finimize Portfolio after realizing that the chipmaker was too important to fail and too cheap to pass up.
The stock was at a decade low and below its book value for the first time since at least 1990.
My analysis showed it was deeply undervalued, resting on two pillars: its strategic importance to the US and the early steps of a turnaround plan.
As of last Friday’s close, the stock is up 264% since I added it to the Finimize Portfolio.
That said, in the interest of full transparency, the actual performance of my recommendation is lower.
In October 2025, after a 64% gain, I advised investors to trim their position by half to lock in profits.
At the time, the stock was roughly in line with my valuation, so it didn’t look like a bargain anymore.
Still, I argued the stock had room to run – driven by strong momentum, more deal wins were on the table, and the tendency for markets to both undershoot and overshoot fair value.
That latter dynamic is especially common when a compelling narrative is at play – in Intel’s case, a turnaround story tied to AI.
Do I regret that decision? Not at all. Why? “Focus on the process, not the outcome”.
See, I’m a firm believer that success in investing comes down to having a sound investment process and sticking to it.
And a good process isn’t just about identifying and investing in promising ideas – it’s also about actively managing those positions as they evolve.
Trimming winners lets you bank gains without completely walking away from any potential further upside.
It also prevents any single position from growing disproportionately big, while freeing up some money for new opportunities.
Finally, it helps smooth the emotional ride: taking some profit off the table reduces the urge to try to perfectly time the peak or panic during dips, while still keeping you invested if the story keeps running.
So, accounting for the reduced position from October 2025 onward – combined with the full-position gains in the first year – the total return comes to 164%.
So this feels like the right moment to do three things: revisit my original thesis, unpack what’s changed, and outline where I think things go from here.
Full research here:
finimize.substack.com/p/inte…
-Reda Farran, Finimize Analyst
#Intel #SemiconductorStocks #AI $INTC #Semiconductors
