Heather Duplessy-Allen

uh value but it's just five percent this year's and elon he's got more than 80 percent voting control so it's certainly i suppose uh investors are backing backing him with accepting very limited influence but i'd say hey it's no longer just a rocket company starlink uh that generates the majority of revenue ai and data scene infrastructure that central to the growth story uh really interesting sort of prospectus if you've got the time to go through it but one of the more interesting parts is they begin to uh looking to deploy data centers in space by 2028

Long-term success, this one here, that's going to be whether they can make reusable rockets cheaper and basically turn space-based communications, AI, and computing infrastructure into big new revenue streams.

I suppose index trackers may end up owning the stock before too long, and it will enter some major indices.

It won't be in the S&P 500, as it is loss-making stocks.

But the NASDAQ has welcomed it with open arms.

Just a thought about it, a lot of it is going to be driven by hype.

Initially, it is losing billions of dollars, and we're pointing out that many of the most hyped IPOs do struggle in their first years.

So you think of Meta, Uber, and even Tesla.

SpaceX is losing a lot of money, and the valuation is on another planet at around 100%.

times revenue so yeah we'll see if they can deliver if they can we'll put old Elon on the path to becoming the world's first trillionaire that's of course if he can live up to one of his big KPIs establishing a colony on Mars but yeah I guess for investors either it's the ultimate FOMO stock chance to buy into rockets satellites AI and Elon Musk all in a single trade but let's see okay well it's still not going well for Lululemon

No, the shares were certainly off their stride, so to speak, on Friday.

So, yeah, disappointing result, really.

Revenues were up 4%, $2.5 billion, but net income, that fell $195 million from $340 million a year earlier.

Interim CEO said they've been navigating headwinds.

They've had negative commentary on social media.

There have been claims that the leggings aren't squat-proof, some of them, and they're safer in terms of their recent product launches, so they haven't gone well.

Biggest weakness here in North America, that's their key market for them, sales down 5%.

Going pretty well in China, though.

Overseas sales up 22% led by that country, so solid momentum.

But, yeah, overall, they're getting a bit of a margin squeeze on tariffs, discounting due to, I suppose, poor reception on some products and high costs.