Core Viewpoint - Helio Corporation is actively engaging with investors through a Florida-based roadshow and participation in the NIBA Conference, aiming to strengthen relationships within the investment community and communicate its long-term strategy for scalable space-based solar power infrastructure [2][4]. Investor Engagement - The roadshow is scheduled for March 9-10, 2026, and includes investor luncheons and dinners in West Palm Beach, Boca Raton, and Miami, providing direct access to management and insights into Helio's strategic direction and technology [3][5]. - The NIBA Conference will take place on March 11-12, 2026, in Fort Lauderdale, where Helio's management will conduct one-on-one meetings and present the company's long-term strategy [4][5]. Strategic Focus - Helio's Board of Directors has prioritized investor communications, emphasizing transparency and alignment with shareholder interests through targeted roadshows and conference participation [5]. - The company aims to maintain a disciplined capital markets presence and engage with institutional and accredited investors to articulate its vision for space-based solar power [2][5]. Company Overview - Helio Corporation is pioneering space-based power systems that capture solar energy beyond Earth's atmosphere, aiming to deliver uninterrupted, carbon-free electricity at scale [6]. - Founded in 2018, Helio collaborates with various space agencies and organizations, providing advanced technology solutions for a range of space missions [6].

Okay. Those that control logistics control the flow of commerce. That's a pretty big statement.But I want you to hold that statement in the back of your minds while I try to convince you all to care a little bit more about Norway's space future. And along the way, I'll try to give you a little bit of insight into my own personal experience with being a part of Norway's space odyssey and my struggles with the Norwegian culture. I would argue that history has shown us that from the Roman Empire road networks, ...

Core Insights - SpaceX is planning a 2026 IPO with a target valuation of $1.5 trillion, nearly doubling its current private valuation of $800 billion and potentially raising over $30 billion in new capital [1] - The space industry is expected to grow significantly, with projections of 342 orbital launches in 2025, which is double the peak of 1967 [1] - Space ETFs such as Procure Space (UFO), ARK Space (ARKX), and Kensho Final Frontiers (ROKT) are anticipated to benefit greatly from SpaceX's IPO, with potential for triple-digit upside [1] Procure Space ETF (UFO) - UFO ETF provides pure-play exposure to space stocks, with significant holdings in companies like Planet Labs (6.15% weighting) and Rocket Lab [1] - The expense ratio is 0.94%, which is relatively high but justified by the ETF's performance potential [1] ARK Space & Defense Innovation ETF (ARKX) - ARKX is actively managed by Cathie Wood and includes a mix of aerospace, defense, and semiconductor stocks, with Rocket Lab as the largest holding at 9.27% [1] - The ETF has gained 62% over the past year and has an expense ratio of 0.75% [1] State Street SPDR S&P Kensho Final Frontiers ETF (ROKT) - ROKT combines space and deep-sea exploration stocks, which are both seen as high-growth areas [1] - The ETF has a 5.77% weighting in Planet Labs and includes various military aerospace and drone stocks [1] - ROKT has the lowest expense ratio among the three at 0.45% and has risen 75% in the past year [1]

Northwood, the maker of ground infrastructure for the space industry, has closed a $100 million Series B, led by Washington Harbour Partners. Bridgit Mendler, CEO and co-founder of Northwood, discusses the demand driving this funding round. She joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed ...

Core Insights - Helio Corporation has appointed Vikas "Vik" Parti as an independent director and Chairman of Intellectual Property, enhancing its leadership in intellectual property strategy [1][6] Company Overview - Helio Corporation, founded in 2018, focuses on space-based energy systems, aiming to capture solar energy beyond Earth's atmosphere and deliver it as carbon-free electricity [7] - The company has developed proprietary systems and advanced engineering solutions for the space industry, collaborating with various space agencies and organizations [7] Intellectual Property Strategy - The company is entering a critical phase in the space industry, emphasizing the importance of intellectual property as launch costs decline and commercial activities increase [3] - Mr. Parti will operationalize an intellectual property strategy that aligns with Helio's technical roadmap, ensuring the growth of its patent portfolio alongside engineering milestones [4] - Helio aims to convert its technical expertise into economic value through a robust patent portfolio, supporting long-term partnerships and commercialization efforts [5] Future Directions - The company is developing an IP roadmap that runs parallel to its product roadmap, enhancing differentiation and expanding licensing opportunities as the space economy evolves [4] - A defensive "picket fence" of patents will be established to support strategic partnerships and sustainable revenue streams [5]

Market Overview - U.S. markets ended the week with mixed results, as major benchmarks showed modest declines while small-cap stocks outperformed, with the Russell 2000 achieving record highs [2][4] - The Dow Jones Industrial Average and S&P 500 experienced slight decreases, while the Nasdaq also slipped, indicating an uneven market rally [2][3] Sector Performance - Semiconductor and AI-related technology stocks, particularly Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), contributed to market stability earlier in the week, with TSMC reporting a 35% increase in net profit, driven by strong AI demand [3][6] - Bank earnings from Goldman Sachs and Morgan Stanley supported trading, despite rising Treasury yields and modest increases in oil prices [3] Small-Cap Stocks - The Russell 2000's performance marked a significant outperformance streak against the S&P 500, a trend not seen since 2008, bolstered by strong economic indicators such as low initial jobless claims [4] Notable Stock Movements - Venus Concept Inc. saw its stock surge over 500% after Madryn Asset Management acquired a 91% stake, leading to increased trading volume and investor interest despite recent revenue declines [8] - J.B. Hunt Transport Services Inc. reported mixed Q4 results, with revenue of approximately $3.097 billion slightly missing expectations, while earnings per share of $1.90 exceeded forecasts [11] - Plus Therapeutics Inc. faced a stock decline after pricing a public offering to raise $15 million at a discounted price, impacting investor sentiment [12] Analyst Insights - Rocket Lab USA, Inc. received a rare downgrade from Loop Capital, citing valuation concerns and near-term execution risks, which led to a decline in its stock price [10]

Company Performance - Intuitive Machines Inc. (NASDAQ:LUNR) saw a share price increase of 10.67% on Friday, closing at $21.58, driven by positive investor sentiment following a bullish outlook for the space industry from Morgan Stanley [1][2] - The acquisition of Lanteris Space Systems for $800 million, consisting of $450 million in cash and $350 million in Intuitive Machines Class A common stock, strengthens Intuitive Machines' position as a vertically integrated space player [3][4] Industry Outlook - Morgan Stanley predicts that 2025 will be a "banner year" for the space sector, with expectations of continued growth into 2026, fueled by higher launch cadences, new product introductions, and US government support [1][2] - The optimism in the space industry has led to increased buying positions in key players, including Intuitive Machines, Firefly Aerospace, Rocket Lab, and MDA [2]

Group 1 - Thematic exchange-traded funds (ETFs) are experiencing a resurgence, with the Procure Space ETF (UFO) showing significant growth, currently managing over $240 million in assets [1] - Thematic funds serve as satellite allocations in investment portfolios, complementing traditional growth exposure and catering to investor interests, with a noted increase in demand for technology-focused thematic ETFs [2] - UFO aims to track the S-Network Space Index, which includes companies involved in the space economy, such as SiriusXM Holdings and Garmin, highlighting the diverse applications of space technology [3] Group 2 - UFO had a remarkable performance in 2025, gaining nearly 70%, and outperformed other diversified thematic ETFs, indicating the potential for passive funds in a market driven by active demand [4] - The growing interest in thematic ETFs and the expanding space industry suggest a promising outlook for UFO in 2026, making it a fund to watch for investors [5]

Core Insights - The Procure Space ETF (NASDAQ:UFO) is the only pure-play space ETF in the United States, focusing on companies with direct exposure to the space industry, which may gain attention in 2026 if a SpaceX IPO occurs [1][3] - Procure Holdings emphasizes its pure-play focus as a key differentiator from other space-themed ETFs, such as the Ark Space & Defense Innovation ETF (BATS:ARKX), which includes companies with lower direct exposure to space [2][3] Company Focus - Approximately 80% of the companies in the Procure Space ETF derive the majority of their revenue from space-related businesses, activities, and services, highlighting the fund's commitment to true space companies [3][4] - The Procure Space ETF aims to provide investors with direct exposure to companies that are actively generating revenue from space, distinguishing itself from broader funds that may include companies with only peripheral connections to the space sector [4][5] Comparison with Competitors - The Ark Space & Defense Innovation ETF includes companies with significant ties to adjacent sectors, such as defense and eVTOLs, which contrasts with the Procure Space ETF's focus on pure-play space companies [2][7] - Both ETFs share Rocket Lab and Trimble in their top 10 holdings, but the Ark fund has a greater emphasis on defense-related companies and other sectors, indicating a broader investment strategy [6][8] Top Holdings - The top 10 holdings of the Procure Space ETF are not detailed in the provided content, but the focus remains on companies that primarily operate within the space industry [5] - The Ark Space & Defense Innovation ETF's top holdings include Rocket Lab (8.9%), L3Harris Technologies (8.3%), and Kratos Defense & Security (7.8%), showcasing its diverse investment approach [6][8]

Summary of SpaceX Conference Call Company Overview - **Company**: SpaceX - **Industry**: Aerospace and AI Infrastructure Key Points Industry and Market Dynamics - SpaceX is transitioning from reusable rockets to low Earth orbit (LEO) satellite communications and is now entering the AI infrastructure domain, potentially expanding the total addressable market (TAM) significantly [1][6] - The economic viability of space-based data centers has accelerated by a decade or more due to advancements in AI technology [6] - Space-based systems offer advantages such as solar energy capture, thermal management, and reduced latency, which were previously limited by launch capabilities [6] Technological Advancements - The Starship program has achieved milestones that allow for approximately 10 times higher volumetric and gravimetric payload capacity compared to Falcon 9, enhancing the feasibility of space-based AI infrastructure [6] - Competitive discussions have emerged among industry leaders, including Jeff Bezos and Sundar Pichai, regarding the importance of space-based data centers [6] Financial Implications - Current revenue forecasts for SpaceX do not account for potential contributions from AI data centers, indicating a significant opportunity for revenue multiplication if the strategy is successfully executed [6] - The company is exploring the construction of space-based solar-powered AI data centers, which could redefine the infrastructure landscape [1][6] Future Outlook - Industry leaders, including Sam Altman, have expressed confidence in the future of extraterrestrial data centers, citing benefits such as continuous solar power and natural cooling [15] - SpaceX plans to leverage its existing satellite infrastructure to scale up operations, potentially leading to the establishment of large-scale data centers in space within the next 10 to 20 years [15] Additional Insights - Morgan Stanley is committed to providing insights into the evolving field of space-based AI infrastructure, highlighting its significance in the broader AI landscape [7] - The report emphasizes the need for investors to consider the dynamic nature of the space industry and the potential for substantial growth driven by technological advancements and strategic initiatives [6][7] Conclusion SpaceX is positioned at the forefront of a transformative shift in the aerospace and AI infrastructure sectors, with significant potential for revenue growth and market expansion through innovative technologies and strategic initiatives in space-based data centers.