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Tim Farrar
TMF Associates (president)
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Where they stand
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Tim Farrar of TMF Associates tells Prof G Markets that Rocket Lab and AST SpaceMobile had inflated valuations relative to their current businesses, now falling back alongside SpaceX.
Well, I think both Rocket Lab and AST had got very inflated valuations based on their current business.
BearSpaceX
leaning · 2026-08-12
Tim Farrar of TMF Associates tells Prof G Markets that SpaceX also carries a very high valuation for the size of its actual business.
It also has a really high valuation for the size of the business it actually has.
BullSpaceX
leaning · 2026-08-12
Tim Farrar of TMF Associates tells Prof G Markets Rocket Lab is better positioned than AST because it avoids head-to-head competition with SpaceX.
So, you know, Rocket Lab, I think, has a slightly better position. It's trying to avoid the head-to-head competition with SpaceX.
Tim Farrar of TMF Associates tells Prof G Markets Starlink passed $10bn of revenue last year, mostly by taking share from legacy satellite operators.
Today, Starlink has made a lot of progress. It's got to $10 billion of revenue over $10 billion last year.
BearSpaceX
leaning · 2026-08-12
Tim Farrar of TMF Associates tells Prof G Markets that terrestrial power and land solutions will improve, keeping orbital data centers and the space economy a small share of the market.
I'm bullish about what might happen on the ground. And so I think that inevitably means that what we do in space is going to tend to be limited to a small percentage of the overall market.
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