Space stocks are soaring to new highs. Here’s why this trend has much further to run.

Today’s issue in preview:

• Space stocks are soaring to new highs. Here’s why this trend has much further to run.

• The AI trade is about to take a huge new turn. How to invest in the next big thing.

• Are you letting this popular load of nonsense depress your portfolio returns?

• Our incredible track record gets better: Our thematic trades in Space, Solar Energy, Oil, Bitcoin Miners, and Machine Sensory Perception soar to new highs.

Space stocks are soaring to new highs. Here’s why this trend has much further to run.

Credit: Sundry Photography

As I expected, the world is going wild for space stocks.

Today, space economy stocks of all shapes and sizes soared to new all-time highs. The “space trade” has been one of our highest-conviction themes of the past year, so many of today’s biggest winners have been featured in Money & Megatrends.

• Satellite firm AST Space Mobile (ASTS) jumped 17% to reach a new all-time high. It’s up 175% since we highlighted it last year.

• Fellow satellite firm Planet Labs (PL) surged 13% to reach a new all-time high. It’s up 350% since we originally highlighted it.

• Space infrastructure equipment maker Redwire (RDW) jumped 28% to reach a new all-time high. It’s up 102% since we featured it four months ago.

• Fellow space infrastructure equipment maker Intuitive Machines (LUNR) jumped 17% to reach a new all-time high. It’s up 105% since we highlighted it in January.

These huge stock advances powered the Procure Space ETF (UFO) to a 7.4% gain and new all-time highs.

On Sept. 22, 2025, I wrote a bullish piece on space stocks and said it’s a sector that the “public could go wild for.” I stated the bull case like this:

When people think of investing in space, they often go towards the business of launching rockets and Elon Musk’s SpaceX. But many of the most promising “space stocks” are in the business of space-based communication platforms and equipment. Think government surveillance, military communication, GPS, internet service, and cell service.

The best big picture fundamental case for space stocks right now is that the Trump administration believes America is in a hugely important competition with China and other countries for “space dominance.” This means regulatory and financial support for the U.S. space industry.

… Top performing individual space names worth checking out include Rocket Lab (RKLB), BlackSky (BKSY), Planet Labs PBC (PL), and AST SpaceMobile (ASTS).

On March 25, I reiterated my recommendation to be long the “space trade,” saying this theme would get a huge boost from a SpaceX IPO. This IPO will rank among the biggest and most “PR generating” transactions in Wall Street history. It will also inject a lot of money and investor interest into the space industry. As shown by today’s huge space stock moves, the market is enthusiastically agreeing with my thesis.

In the wake of the SpaceX IPO, Elon Musk will have more than $50 billion in cash to fuel the next chapter of his storied business career.

Elon is expected to spend this pile of money on building an enormous semiconductor complex in Texas, increasing SpaceX’s rocket launch cadence, and on a multi-year program of building, launching, and operating space-based AI data centers.

If Elon pulls off his “AI data centers in space” master plan, he will eventually have many deep-pocketed customers like Google lining up to pay SpaceX tens of billions of dollars to launch their own data centers into space. This means the future is bright for well-positioned SpaceX suppliers and other players in the expanding space economy.

How to invest in the next phase of AI growth

Credit: Marcus Millo

Over the past month, leading semiconductor firm and M&M recommendation Synaptics (SYNA) has gained 54%, which is a blistering 648% annual pace.

This big short-term gain has further strengthened our extraordinary track record. It’salso confirmation that “Edge Computing” is one of the strongest trends on the planet. It’s an area worthy of your attention and capital.

Edge Computing refers to “your local devices.” For individuals, it means the computers in your smartphone, your house, your car, and your medical devices. For businesses, it means factory robots, warehouse robots, and local servers.

Now that “Big Tech” has built useful “general purpose” AI programs and infrastructure, the next big thing is getting fully operational, incredibly useful, and incredibly addictive AI installed on “the edge”… where our local devices can run it without having to communicate with centralized facilities. This is the era where AI will achieve mass adoption.

This big shift to “the edge” will likely create another massive hardware supercycle that goes far beyond Nvidia. We need new chips, new memory, new power management, and new advanced sensors. And we need them all to work together so AI can run locally… and drive the coming Agent Supernova megatrend.

In case you’re a new M&M reader, the Agent Supernova is one of our highest conviction investment themes for the next five years. If you forced me to invest all my money into one theme, it would be this one. Our wildly bullish case goes like this…

After years of development, AI is now advanced enough to perform many everyday tasks people do… and the list is only getting longer. Over the next 12–24 months, AI “agents” will help manage factories, perform financial analysis, manage inventories, write software, design websites, create legal documents… and thousands of other tasks.

Soon, we will see an explosion of AI agents working in factories, offices, stores, labs, hospitals, schools, and on construction sites. We will have agents working with people. Agents working with other agents. Agents running businesses. Agents negotiating and haggling with other agents.

The Agent Supernova is poised to reorder how the world works. It will break and reform many businesses, industries, and societal norms. Of course, the business and investment implications here are huge. The Agent Supernova will end many businesses and jobs as we know them… while creating thousands of new ones. The economic deck is about to get reshuffled, and the opportunities are huge.

Within the next two years, the number of AI agents operating in the American economy isn’t poised to increase by 10X… or 50X… or even by 1,000X. Try at least 100,000X.

In our February 13 issue, we detailed how semiconductor maker Synaptics was poised to benefit from the Edge Computing infrastructure boom. Synaptics specializes in Edge AI processors for smart home devices, appliances, TVs, robots, and smart gadgets. The company’s Core IoT (closely related to Edge) sales jumped 53% year over year, with total revenue up 13%. As robots and smart home products become more commonplace, demand for Synaptics’ products should soar.

That’s our bull case anyway. But we care less about our bull case than what the market thinks of our bull case. You can be bullish on an investment theme all you want, but if the market does not send it higher, then your thesis isn’t worth much.

It turns out the market enthusiastically approves of the Edge Computing trade. Synaptics is up 54% over the past month and hit a new multi-year high. The bull market in Edge Computing stocks is on.

Are you letting this popular load of nonsense depress your portfolio returns?

Credit: imaginima

Last week, the Dow Jones Industrial Average reached a new all-time high. With this new high, we can say it’s a bull market.

And importantly, we can say it’s a broad bull market… as demonstrated by the S&P 500 Equal Weight Index.

In early 2023, stocks began emerging from the 2022 bear market and started a huge uptrend that has made investors a lot of money.

During this run, fueled by the historic AI infrastructure buildout, bearish financial gurus have consistently warned against owning stocks, claiming the bull market was “narrow” and therefore dangerous.

A “narrow” bull market is one in which a small group of stocks accounts for most of a stock index’s gains… while most stocks go down or sideways. Some analysts say such a market should be avoided… so that’s what they did, and they missed out on extraordinary returns.

But do the wrong-way bears have a point… even now?

One of the best ways to gauge whether a market is narrow is to look at the performance of the S&P 500 Equal Weight Index. The popular S&P 500 Index is a “market-cap weighted” index. This means the biggest companies, such as Nvidia and Apple, have outsized effects on the index’s value compared to smaller companies. A big rally in a $4.5 trillion giant like Apple can overwhelm losses in 30 smaller companies.

An “equal weight” index nullifies market-value-related impacts – assigning equal weight to each stock in the index regardless of company size. With an equal-weight index, a massive 100% annual gain in a giant like Nvidia cannot mask or overwhelm weakness in hundreds of smaller stocks.

So how is the S&P Equal Weight Index ETF (RSP) doing these days?

The one-year chart below says it’s doing just fine. RSP reached an all-time high last week. It’s up 20% over the past year. This is irrefutable evidence that the popular bearish “narrow market” narrative is a load of nonsense. In the parlance of today’s youth, the market is telling the bearish “narrow market” club, “Have fun being poor.”

It’s not just a bull market, it’s a broad bull market. Trade accordingly!

Market Notes

• Our recommendation to ignore the AI bears and stay long the AI boom continues to pay off. AI infrastructure leaders Micron (MU), Advanced Micro Devices (AMD), Lam Research (LRCX), MKS Instruments (MKSI), Credo Technology Group (CRDO), Marvell Technology (MRVL), Jabil (JBL), Dell Technologies (DELL), and Astera Labs (ALAB) reached new all-time highs today.

• Our recommendation to own “soon-to-be-neoclouds” – aka Bitcoin miners – is off to a tremendous start. Hut 8 Mining (HUT) and Riot Platforms (RIOT) both surged more than 6% this morning to reach new one-year highs.

• Our November 5th recommendation to own solar energy stocks continues to generate profits. Solar leaders Enphase (ENPH) and SolarEdge (SEDG) reached new highs today.

• Our February 3rd recommendation to own Frequency Electronics (FEIM) is a winner. The stock is up 27% since our profile.

• Our September 2025 recommendation to own oil stocks continues to pay off. Oilfield services blue chip SLB (SLB) reached a new all-time high today.

• Our recommendation to invest in the machine sensory perception boom is a big winner. Industry leader Sensata Technologies (ST) reached a new all-time high today.

• Trucking industry giant J.B. Hunt (JBHT) reached a new all-time high today. This is a bullish economic signal. See here for more.

Regards,

Brian Hunt
Editor, Money & Megatrends

An urgent message from our colleagues:

A new “Super-Signal” for the most dangerous market in 50 years

The S&P 500 just whipsawed 8% in months. Ten stocks now make up 40% of the entire index. Consumer sentiment is at the lowest reading in 74 years. That’s exactly why Wall Street legend Marc Chaikin and master trader Jonathan Rose are joining forces for the first time with a new “Smart Money Super-Signal.” This new tool is designed to give you 10 chances to double your money over the next 12 months.

Register free here.