Monday Market Open

Bezos joins the 'Billionaire Space Race'

Author

VHLA Media
January 13, 2025

Monday Market Open

Good afternoon,

I hope you had a wonderful weekend and are ready for the week ahead.

A fair amount is going on this week earnings-wise. I’ve also got an interesting article on the ‘Billionaire Space Race’ and how Amazon ($AMZ) founder Jeff Bezos is getting involved below.

With that said, give this a read, then go get after it.

Let’s make some fucking bread this week.

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News
The Recap

In case you missed it, forgot, overslept, drank too much, were traveling, or whatever the case may be…

  • Damage caused by LA wildfire now estimated to be over $250bn 🚒

  • Netanyahu and Biden discuss Gaza ceasefire talks 🤝

  • Zelensky offers exchange of North Korean soldiers with Russia 🇺🇦

  • Nigerian military kills 16 civilians in air-strike ‘mistake’ 🛫

  • UK economy faces turmoil as cost of borrowing rises and the pound’s value falls 💷

Graph of the Day
How Does the Metaverse Makes Money?

News
This week

A pretty quiet start and end to the week, but an especially busy Wednesday and Thursday for banks and economists this week.

  • Monday - KB Home ($KBH) earnings and Consumer Inflation Expectations for December.

  • Tuesday - Calavo Growers ($CVGW) earnings. Tuesday also sees Producer Price Index for December being released and speeches from Jeffrey Schmid and John Williams from the US Fed.

  • Wednesday - JP Morgan Chase & Co ($JPM), Citibank ($C), BlackRock ($BLK), Wells Fargo ($WFC) and Goldman Sachs ($GS) all announce earnings. The Consumer Price Index for December is released. There are also a bunch more speeches from ‘important’ people from the Fed.

  • Thursday - TSMC ($TSM), UnitedHealth Group ($UNH), Bank of America ($BAC) and Morgan Stanley ($MS) announce their earnings. Retail Sales and Import / Export prices for December are released too.

  • Friday - SLB ($SLB) earnings and that’s about it.

Now You Know 
Is Jeff Bezos Chasing Down Elon Musk in the Billionaire Space Race?

Black And White Loop GIF by xponentialdesign

Jeff Bezos’s Blue Origin is set for the first launch of its new space rocket.

The ‘New Glenn’ rocket was supposed to launch this morning. However, the launch was called off due to a series of delays caused by unspecified issues.

The 98-metre rocket was set to carry up to 45 tonnes of tech to low Earth orbit.

Up until now, Blue Origin has only sent rockets to and from the edge of Earth’s atmosphere and never sent anything into orbit.

However, Bezos hopes this rocket can compete with Elon Musk’s company’s SpaceX Falcon 9 rocket. Compared to the Falcon 9, the New Glenn has a payload diameter which is twice as large and the rocket is twice as powerful.

The cancelled launch, which will no doubt soon happen, is a crucial certification flight required by the US Space Force before New Glenn can launch national security payloads as part of multi-billion dollar government contracts Blue Origin hopes to win.

❝

I want to die on Mars - just not on impact.

Elon Musk

Up until now, Elon Musk’s SpaceX has enjoyed a largely uncontested market for rockets. Could this all change as Bezos’s Blue Origin grows in relevance in the space? I think so…

Thank You
That’s all Folks

Hey, thank you for checking out Monday Market Open. I hope you enjoyed it, learned something new, and are feeling ready to attack the week. Keep an eye on your inbox for more Alpha coming your way this week.

Cheers,