Surf_Green

So I was deep diving into $NASA ETF holdings to see what will heavily benefit from $SPCX IPO... And I came across $CPSH. At the start of this year, it was a solid US AlSiC play, but quickly became a multi-thesis bet. As of last week, $NASA ETF holds ~1.8M shares of $CPSH (I immediately started a relatively large position). This is important because $NASA is the only pure-play space ETF with direct SpaceX exposure pre-IPO. And a portion of every dollar flowing into $NASA for SpaceX exposure becomes a purchase of $CPSH. As SpaceX IPO momentum builds toward June 12, that flow accelerates. But let's go over why $CPSH even made the cut into $NASA's portfolio. At the beginning of 2026: > It was the only meaningful US/Western hedge against East Asian AlSiC supply (Denka, Sumitomo, JFC, etc.) > Existing customers: US Military, NASA, $LMT, $RTX, Northrop, General Dynamics, and more > AI optionality as $NVDA Rubin generation scales towards multi-thousand watt requirements (this angle alone deserves a whole new post) And the foundation has only gotten stronger... > Record 2025 annual revenue of $32.6M and Q4 2025 revenue $8.2M vs $5.9M prior year (+39% YoY). Q4 gross margin recovered to 14.6% from a Q4 2024 gross loss > New $4M hermetic packaging order announced post-Q1 > Navy SBIR office extended Phase I program for Amphibious Combat Vehicles > Potential US Navy destroyer ballistic shield contracts with Congressional funding already secured Now add the $NASA ETF layer... Large asymmetry here.