SpaceX

SpaceX continues to extend its footprint in the aerospace sector from its Hawthorne headquarters. The company's resilience, supported by 13k employees and an annual revenue near $9B, makes it a structural reference for investors and partners across North America.

Talent density and engineering culture have become a quiet competitive moat, particularly as the sector consolidates around fewer global champions.

“SpaceX is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Few catalysts on the horizon look bearish; the central scenario is a continued, controlled compounding story.