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Author argues $SPCX’s new market is ultimately space mining and that the stock is…

2026-06-12 · 18:52 UTC ·@BrianRoemmele ·0 min read

Brief

Brian Roemmele says $SPCX’s real market is space mining and that even extracting 0.5% of asteroid 16 Psyche’s metals would make the stock drastically undervalued. He highlights NASA’s 2020-02-28 $117 million SpaceX Psyche launch contract and quotes an estimated 16 Psyche mineral value of $700,000,000,000,000,000,000,000,000,000,000.

Why it matters

Author argues $SPCX’s new market is ultimately space mining and that the stock is massively undervalued if that is true.

Key details

  • Claims mining just 1/2 of 1% (0.5%) of asteroid 16 Psyche’s minerals would justify a huge revaluation of $SPCX.
  • Notes that on 2020-02-28 NASA awarded SpaceX a $117 million contract to launch a Psyche spacecraft and cites an estimated total mineral value for 16 Psyche of $700,000,000,000,000,000,000,000,000,000,000 dollars.
Source evidence

What many folks fail to understand is the new market from $SPCX is ultimately Space Mining.

If only 1/2 of 1% of the mineral value of 16 Psyche Astroid is mined, and that is easier than most thing, the stock is so undervalued it’s hard to comprehend.

Brian Roemmele (@BrianRoemmele)

Consider the 16 Psyche astroid.

On 2/28/2020, NASA awarded SpaceX a $117 million contract to launch a Psyche spacecraft.

Few noticed.

When 16 Psyche is mined the gold, platinum, nickel value is estimated at $700,000,000,000,000,000,000,000,000,000,000 dollars.

Get ready.

— https://nitter.net/BrianRoemmele/status/1740026916013482312#m