$153 MC hardly makes the company's SP all hype, I would say it's...

$153 MC hardly makes the company's SP all hype, I would say it's undervalued.

To me, the SP rise over the last few months is all based on the contracts they have been able to secure once they have working satellites, not a successful launch which hasn't happened yet (or even been officially confirmed a date yet). It's like saying Apple's SP has already incorporated record breaking iPhone 8 sales, we know it's coming, but illogical to think the SP is based on that.

No doubt, if it fails, which is highly unlikely, the share price will drop by around 50%. But I'd expect the same rise out of it pending a successful launch within a day. Prior to launch, once we have an official launch date confirmed (although we pretty much know it's June 23rd) I see the SP being 26c - 28c, so a 50% increase on that is above the 40c mark.