I opened a new $1,900 position today in $VOYG 🚀 Now this is a very small position because this comes with great risk but as seen in the forecase there is plenty of upside in Voyager sitting at only a $1.8 billion market cap today. Management sees a clear path of a 20% organic revenue CAGR for the coming years pre star lab. Star Lab is projected to launch in 2029 and generate $4 billion in revenue and $1.5 billion of FcF by 2032, nearly its entire current market cap. It’s important to note Voyager doesn’t own 100% of Starlab it is closer to 60% and further dilution is possible in the coming years. Come 2032 if Voyager owns 50% of Starlab and generates $700 million of FcF and trades at 20x FcF that would give us a stock price of $118 (+293%) even with 100% share dilution 🤯 This takes alot of negative factors into consideration, stock dilution, Starlab dilution, and ZERO other profits from their current businesses. I’d happily take a 4x in my position in ~6 years as a bear case 🤷♂️
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