$NBIS looks like a prime beneficiary of $GOOGL’s capacity crunch. Even after doubling quarterly capex, Google still needs third-party compute. That is exactly the gap Nebius is built to fill: immediately available, full-stack AI infrastructure. 1
Space Launch Capacity
$SPCX shifting away from dedicated Falcon 9 bookings beyond 2028 and halting future rideshare reservations is a high-stakes Starship bet. If Starship is not commercially ready by 2028, the market could face a major launch capacity gap. That setup would be directly relevant for $RKLB. 2
Rates, Oil & Macro Pricing
The recent move higher in long-end yields should not be over-attributed to Waller/Worsh-style hawkish Fed signaling, lack of forward guidance, or heavy U.S. issuance. The cleaner driver over the past few months has been oil: oil down, yields down; oil up, yields up. Any prior “rates must rise” call that ignored oil missed the main variable. 3
