Nicolas Owens

speaker

125 appearances 2 recordings 1 series first heard Jul 2026 last heard 5 Aug

Nicolas Owens’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.

Appearances

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Prof G Markets · SpaceX Is Down 40% — How Low Can It Go? · 16 Jul 2026 podcast

They're doing things like, oh, let's get to 2027, 2028, when they might be making money a little bit.

And then we're going to put a 100x multiple or something on that number.

And they're doing some of the parts, you know, with Starlink and AI and so forth.

But that is a different methodology that gets you.

And again, I think when you're doing a multiple, you're baking in assumptions that are not necessarily being stripped out.

You're making growth rate assumptions and discount rate assumptions.

that we always are very explicit about at Morningstar.

So I think that's as much of a compare and contrast as I'd be comfortable doing.

Honestly, I think it could go either way, and I'll tell you why.

So with everything we've said, right, there's certainly a lot of items in the negative column in terms of supply of shares and small changes in people's sentiment can make a bigger move, again, given the smaller float.

you could say a positive argument is the float will actually increase with each of these lockups expiring.

And depending on what investors' appetite is, you know, the price could find a new direction.

And I'll say, too, I expect the quarterly report to be glorious.

You know, we have pretty good growth rates for even for 2026.

And I think if they did it,

kind of according to what I think of as the classical IPO playbook, they've got two quarters of numbers pretty much in the bag that they will be happy to share, right?

And I'm looking mostly at those rental agreements with Anthropic and Google and the other one that are pretty...

chunks of revenue at low marginal cost.

They're still spending a lot, et cetera.

But anyway, I think you'll see some nice comps, and then people might be more comfortable thinking, oh, AI might be

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