Tech aktier ser faktisk billige ud lige nu I ugens løb lavede jeg en video, hvor jeg gennemgår positionerne i NewDeal Invest én for én og viser graferne på selskaberne. Hvis man alene følger de store overskrifter, kan man let få det indtryk, at hele teknologisektoren har været igennem et enormt rally, og at stort set alle teknologiaktier står i rekordniveauer. Sådan ser virkeligheden slet ikke ud. Rigtig mange af positionerne i NewDeal Invest ligger 40, 50 eller 60 procent un

SpaceX - Powering AI from Orbit This article is a condensed version of a series of 6 articles. You can find the of the articles here: P1 -P2 - P3 - P4 - P5 - P6 SpaceX and the Orbital AI Infrastructure Play SpaceX — now SPCX following its record June 2026 Nasdaq IPO and the merger with xAI — is no longer a launch company with a satellite side hustle. It is the ultimate AI data-center and energy play, and the valuation debate reflects it: priced near $1.75 trillion at IPO, tra

SpaceX - Powering AI from Orbit: Sizing the Opportunity (Pt.6) SPCX is now the ultimate AI data-center and energy play. At ~$2.4T and ~80x forward sales, its valuation rests almost entirely on Space Data Center execution — where Starship, solar, and custom silicon could unlock a path toward $20T. This article is part 6 in a series of 6. You can find the rest of the articles here: P1 -P2 - P3 - P4 - P5 Summary Now publicly listed after its record June 2026 IPO, SPCX is best un

Tower Semiconductor - Powering AI From Orbit (Pt.5) Tower's SiGe BiCMOS + SiPho platform on 300mm wafers eliminates GFS's sole advantage, delivers 30% lower power than InP at 1/3 the cost with 85%+ yields, and cements TSEM as the dominant SiPh foundry for both hyperscale AI and Space DC deployments. This article is part 5 in a series of 6. You can find the rest of the articles here: P1 -P2 - P3 - P4 - P6 Summary Silicon photonics is displacing InP as the dominant optical inte

Powering AI From Orbit: MACOM, Coherent, STM, Hamamatsu (Pt.4) Heritage determines the clear near-term winners in Space DC optical networking (2026–2029), while inter-orbit links represent the only category of truly incremental photonic demand. This article is part 4 in a series of 6. You can find the rest of the articles here: P1 -P2 - P3 - P5 - P6 Summary Heritage is king in the 2026–2029 period, positioning Coherent, MACOM, STM, and Hamamatsu as the clear near-term winners

SpaceX - Powering AI from Orbit, Space Solar, and the Musk Stack (Pt.3) The orbital AI data center as tight satellite clusters: redefining photonic demand and unlocking compute beyond Earth’s physical limits. This article is part 3 in a series of 6. You can find the rest of the articles here: P1 -P2 - P4 - P5 - P6 Summary The Space DC is not a diffuse mesh of satellites spread around Earth — it is a constellation of tight orbital clusters, each functioning as a single cohere

SpaceX - Powering AI from Orbit, Space Solar, and the Musk Stack (Pt.2) AI compute has outgrown Earth’s power, cooling, and land walls — Starship and advanced solar cell chemistry now make the orbital Musk Stack economically inevitable. This article is part 2 in a series of 6. You can find the rest of the articles here: P1 - P3 - P4 - P5 - P6 Summary The bet is that AI compute has outgrown Earth — power, cooling, and land are all hitting walls — and 1.2 million satellites can

SpaceX - Powering AI from Orbit, Space Solar, and the Musk Stack (Pt.1) Space solar’s ~10× efficiency edge over terrestrial limits — powered by Musk’s self-reinforcing loop of xAI demand, SpaceX launches, and Starship’s killer app. This article is part 1 in a series of 6. You can find the rest of the articles here: P2 - P3 - P4 - P5 - P6 Summary Terrestrial solar faces hard physical limits — atmospheric absorption, day-night intermittency, and ~25% peak efficiency — while spa