Source
r/wallstreetbets•
gliph

SCC (Spacecom, the company who owned the payload that SpaceX just blew up) down almost 40% in last few days. Does this new price change reflect the true losses?

SCC (Spacecom, the company who owned the payload that SpaceX just blew up) down almost 40% in last few days. Does this new price change reflect the true losses?

Anyone planning to ride this up? What factors are there in the loss of the payload? E.g., insurance, contract agreements with SpaceX that might cover some damages, etc.

How could a single payload constitute 40% of their valuation? This seems crazy to me.

Posted Sep 4, 2016, 11:27 PM UTC

148
UMerling•

Israeli here,

The loss is also pricing in the probable cancellation of a deal they had with China, this failure is a big deal for the company. If you want good Israeli stocks buy ברק אן יו, I personally have a half a million dollar pos there.

6
vORP•

Kind of a shot in the dark but do you know of any solid dradle companies worth investing in?

13
imadirtycup•

Should bounce back, there was a big drop in November of last year, but it went back up, somewhat. Question is, can you afford the $700 a share that it costs? And the time that it would take to level out?

2
gliphOP•

I can afford shares but am hesitant to buy. Any idea how it could lose so much valuation over a single payload loss? Is it mostly fear and uncertainty of shareholders (so we should definitely buy) or does the company really have that much invested into a single payload (we shouldn't buy).

2
imadirtycup•

Decent article

http://www.spaceflightinsider.com/organizations/space-exploration-technologies/spacecom-to-claim-compensation-from-iai-spacex-for-amos-6-loss/

I'd honestly stay away.

3
gliphOP•

Hm it sounds like they will recuperate some losses from the insurance of IAI. Case isn't closed for me. If they stay down for a few more days (earliest time I can invest) I will strongly consider buying. I'm thinking they can come back in the longer term (1-3 years).

1
mikere•

what exchange is this on? can't find SCC or spacecom in my bloomberg

2
gliphOP•

TLV:SCC, short for Tel Aviv exchange. This article mentions that you can open an Israeli investment account to trade on that exchange. I'm not sure what the overhead is for a foreign investor or if there is an easier way.

1