To The Moon

🧩 Tech giants bucked the trend and closed higher, with FLY soaring on its debut.complicating betting dynamics.

🔍 $Viasat(VSAT)$/$Globalstar(GSAT)$/$TELESAT CORP(TSAT)$: Satellite communication technology offers a promising growth opportunity.

🧘 Stay tuned, supercharge purchasing power through CashBoost!

Space Odyssey

On Thursday, $Sunrun(RUN)$ surged 32.3%, as covered in the August 4 episode of NEW ALPHA.

$AppLovin Corporation(APP)$ climbed nearly 12%, while $Astera Labs, Inc.(ALAB)$ soared 28.7% on Wednesday after reporting quarterly results that exceeded market expectations—also covered in the July 25 episode of NEW ALPHA.

| FLY Me To The Moon

On Thursday, $Firefly Aerospace Inc.(FLY)$, the first private U.S. company to send a spacecraft to the Moon, debuted on the U.S. stock market, surging over 57% on its first trading day. Following its IPO, FLY has joined VOYG and KRMN as the third successful space company to go public in 2025.

The space economy is expected to reach $1.8 trillion by 2035. The recovery in the U.S. IPO market this year provided an ideal opportunity for FLY's listing. Meanwhile, former President Donald Trump emphasized the importance of space exploration, advocating for ambitious initiatives such as sending U.S. astronauts to Mars, nominating well-regarded individuals to lead NASA, and promoting the establishment of a "Space Force" to bolster the space economy.

On August 4, the modern-day space race took a new turn as the U.S. sought to challenge Russia and China's plans to establish the first Moon base. This race has gone nuclear, with the U.S. aiming to establish a permanent presence on the Moon by 2030—five years ahead of its competitors—leveraging a nuclear fission microreactor with a 100 kW output. Beneficiaries of this strategy include companies such as $BWX Technologies Inc(BWXT)$, $NuScale Power(SMR)$, and $Oklo Inc.(OKLO)$.

NASA’s lunar program has created significant investment opportunities for related industries. Companies with growth potential worth watching include $Viasat(VSAT)$, $Globalstar(GSAT)$, and $TELESAT CORP(TSAT)$.

| Market recap

On Thursday, U.S. stock indices showed mixed performance, with $NASDAQ(.IXIC)$ gaining 0.35% while $S&P 500(.SPX)$ fell 0.08%. Most major tech stocks advanced, with $Advanced Micro Devices(AMD)$ climbing over 5% and $Apple(AAPL)$ rising more than 3%.

In late trading, former President Trump nominated Stephen Miran, the current Chairman of the White House Council of Economic Advisers, to fill the recently vacated Federal Reserve Board seat, potentially increasing presidential influence on policy decisions.

Megacaps - Big Apple

$Apple(AAPL)$ saw strong upward momentum, with its stock rising over 8% across two consecutive trading days. On Wednesday, Apple announced an additional $100 billion investment to advance its "Made in America" initiative. Trump commented that Apple could be exempt from tariffs on chips and semiconductors as part of the plan.

Next month, Apple is set to unveil its thinnest iPhone ever. The iPhone 17 series will be launched on September 9, with four models introduced. The Plus version has been removed, and a new iPhone 17 Air has been added. The starting prices for the iPhone 17 Air, Pro, and Pro Max have been raised to $949, $1049, and $1249, respectively—an increase of $50 compared to the previous generation—mainly due to higher tariff costs. The iPhone 17 Air features a 5.5mm ultra-thin design, weighing only 145 grams, with a 7000-series aerospace-grade aluminum alloy frame that boosts strength by 30% while reducing weight by 25%. It also comes with a matte glass back panel, eliminates the physical SIM card slot, and fully transitions to eSIM technology. However, due to its thin design, it retains only a single speaker, making it the thinnest flagship phone in Apple's history.

AMD surged 5.7%, leading the broader chip sector higher.

The company received strong market recognition for its second-quarter performance, with its client processor business revenue growing 67% year-over-year and robust AI chip demand. Executives projected the AI chip market to exceed $500 billion by 2028. Additionally, Trump's announcement on August 6 of a 100% tariff on imported chips—while exempting companies manufacturing domestically—has fueled market optimism that AMD could qualify for exemptions due to its U.S. operations.

Driven by these favorable factors, multiple institutions have issued bullish outlooks on AMD, raising its target price to above $188, with some estimates reaching as high as $230.

Top movers

On Thursday, $Sunrun(RUN)$ surged 32.3%, as covered in the August 4 episode of NEW ALPHA.

$AppLovin Corporation(APP)$ climbed nearly 12%, while $Astera Labs, Inc.(ALAB)$ soared 28.7% on Wednesday after reporting quarterly results that exceeded market expectations—also covered in the July 25 episode of NEW ALPHA.

Asian markets

S&P maintained China’s sovereign credit rating at "A+,” prompting institutional investors to increase their exposure to Chinese assets. In the Hong Kong market, consumer sectors regained attention and began recovering from previous lows.

$POP MART(09992)$ is forecast to rebound by more than 16% this week, while $LAOPU GOLD(06181)$ is expected to rise over 19%.

This rally isn’t without cause. Ex-BLACKPINK member Lisa recently showcased her new car on Instagram, with a Heytea “Triple Supreme Matcha Latte” spotted on the passenger seat. The drink has since become a global sensation among her fans, driving a surge in Heytea’s North American store sales. Heytea also launched a "1 for 1" promotion in Singapore recently. Ordered your bubble tea today?

| Space Odyssey

As SpaceX's primary revenue contributor, Elon Musk's Starlink remains the most well-known name in the satellite internet industry. In the vast expanse of space, technologies supporting communication, positioning, navigation, timing, and Earth observation services are thriving. $Viasat(VSAT)$, $Globalstar(GSAT)$, and $TELESAT CORP(TSAT)$ are promising satellite technology companies to watch.

VSAT

$Viasat(VSAT)$ provides highly secure satellite communications to global military and government agencies, serving as a core supplier to the U.S. Department of Defense and other critical organizations. Founded in 1986, the company has gradually expanded from defense to civilian markets. Following its landmark acquisition of U.K. satellite giant Inmarsat in 2023, VSAT emerged as a comprehensive global leader in satellite communication services.

Positioned to complement SpaceX, VSAT focuses on B2B and B2G markets. While Starlink targets consumers with its extensive LEO constellation for low-latency and rapid deployment, Viasat delivers high-value, customized services for aviation, maritime, and government clients with a focus on reliability, security, and global coverage.

VSAT has gained over 200% YTD. Despite exceeding expectations for Q2, the company did not raise its guidance, sparking some concerns and causing a short-term dip in its stock price. For dip buyers, this may present an attractive entry opportunity.

On August 6, VSAT reported total revenue of $1.17 billion and EPS of $0.17, both beating estimates.

GSAT

Founded in November 2003, $Globalstar(GSAT)$ is a leading provider of mobile voice and data communication services via satellite. As a key player in the LEO satellite communications sector, Globalstar holds a prominent position in the industry.

Globalstar has strategically partnered with industry leaders such as Apple, Qualcomm, and Rocket Lab to expand its business horizons. In November 2024, Apple plans to invest $1.5 billion in constructing new satellite constellations. Globalstar has signed multiple launch service agreements with SpaceX and placed additional orders for launch services in July 2025 to update its constellation. The U.S. Army is also among Globalstar's clients.

In 2024, the company achieved record-breaking revenue, with its stock rising over 43% in the past year. Upcoming earnings reports are expected to show significant growth in both revenue and EPS.

TSAT

$TELESAT CORP(TSAT)$ , one of the world’s largest and most innovative satellite operators, focuses on delivering broadband connectivity to telecom, government, maritime, and aviation customers through its Lightspeed LEO satellite network.

The company recently announced a significant partnership with Arabsat, a leading satellite service provider in the Arab world. In May, Telesat integrated its Lightspeed LEO services into Arabsat’s satellite ecosystem, marking substantial progress in Arabsat’s multi-orbit satellite service strategy.

Telesat shares have climbed nearly 35% YTD. On August 6, the company reported total revenue of $106 million and EPS of $1.38, both surpassing expectations.

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