Hilarious PSTH Meme Roundup! Elon Musk vs Bill Ackman - What does it all MEME?

On today's Friday SPACtacular, let's review the best PSTH Memes of the week! It's been a tough week in the markets so let's have some fun! Most of these have been sourced through r/psth on reddit. #PSTH #MEME #SPAC

Will Elon Musk backed Starlink IPO through SPAC merger with Bill Ackman’s PSTH or possibly PSTHII? ARK Invest Cathie Wood named satellite internet as one of its “big ideas” for investors in 2021. SpaceX has launched more than 1,000 Starlink satellites to date, with the company planning to deploy 4,425 satellites in orbit by 2024 to provide service to customers all over the world. Despite the heavy investment needed to build Starlink, the company’s leadership estimates Starlink will cost about $10 billion or more to build but believes that the network could bring in as much as $30 billion a year — or more than 10 times the annual revenue of its existing rocket business. Satellite communications is one of the most significant revenue streams within the space industry. Will this be a merger target for PSTH or possibly PSTB?

Elon Musk is well aware of the risk that SpaceX is undertaking with Starlink, noting several times in the past year that every prior low Earth orbit broadband satellite network has gone bankrupt. Will STARLINK split from SpaceX and go public via IPO? Is a SPAC the better avenue? How about the revolutionary SPAC structure at Pershing-Square Holdings?!?

With many rumored targets for PSTH, perhaps there’s something people aren’t considering… PSTHII But the consensus among analysts is that the opportunity is there for Starlink to bring in many times the revenue of SpaceX’s rocket business.

Ark Invest named satellite internet as one of its “big ideas” for investors in 2021, It’s estimated that Starlink has a $10 billion a year addressable market in the U.S. alone, and $40 billion a year globally. “That’s on a household basis and that increases even further if you’re talking about businesses and we’ve heard that governments are very hungry for Starlink’s capabilities,” Korus said. It seems that since the breakout of Tesla in 2020, Elon can do no wrong in the eyes of investors. He constantly stickers his thumb in the eye of short-sellers betting against the success of his company, and Telsa has soared to the moon in spite of them. Who saw this coming? Cathie Wood certainly did. With a loyal legion of millionaire Musk-a-teers chomping at the bit to be part of the Future according to Elon, demand for a public offering for STARLINK is gaining steam.

In a Bill Acklamn interview, he outlines PSTH structure and how it rivals all other SPACs by being more investor-friendly and more desirable to potential partners by reducing fees, and offering superior services for far less. PSTH is a massive step in the right direction of enabling retail investors to become early stage holders in amazing companies.
A SPAC merger appeals to Elon Musk’s desire to make STARLINK accessible to smaller investors In May 2020, Bill reached out to Elon on Twitter and proposed Los Vegas as an excellent option for relocating the Tesla HQ after things boiled over in California. PSTH went public in July of 2020 and has until 2022 to execute a merger. Likely that PSTH will move ahead with a target in 2021. Could PSTH-2 be just around the corner and is it a perfect match for SPARLINK? SPACUlate below!

A special purpose acquisition company is a shell corporation designed to take companies public without going through the traditional IPO process. At the time of their IPOs, SPACs have no existing business operations or even stated targets for acquisition. Investors in SPACs can range from well-known private equity funds to the general public. These special purpose acquisition companies have a two year deadline to complete their merger or else all investors get their money back and the SPAC goes bust. It’s the wild wild west in the modern stock market as we know it. Other notable sponsors include Chamath Palihapitiya with his companies going by the name of Churchill Capital, IPOD, IPOE, IPOF. Some of the hottest SPAC ticker symbols include CCIV, SOFI, PSTH, VGAC and so on.

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