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Ticker: ASTS Ticker: RDW

LOST IN SPACE: A NARRATIVE LAUNCHED ON HYPE (ASTS, RDW, SPCE, SIDU, MNTS, RKTO) - Fugazi Research

Space stocks trade at 79x sales as dilution, losses, and the SpaceX IPO threaten a sector-wide re-rating.

Jun 12, 2026 9 min read
Author: Fugazi Research Ticker: SIDU

The Black Hole at $SIDU: Where Massive Amounts of Capital Get Sucked Into the Void

SIDU Space short thesis: related-party revenue dominance (47-50%), massive shareholder dilution (64M+ shares), $2M monthly cash burn, negative unit economics, CEO conflicts of interest, no profitability path, government contracts symbolic only, $500M shelf registration risk

Jan 26, 2026 11 min read

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