Dear Reader,

In 2024, a former Wall Street CEO named Dylan Jovine told his readers to buy an obscure space stock trading under $4 a share.

It ran as high as $151.

That is an incredible 3,874% move…

And anyone who held on had a chance to turn $5,000 into almost $200,000.

For the average American, that is enough to pay off the mortgage.

And now, Dylan says he's spotted another stock that could do even better.

It's a tiny company that partnered with SpaceX on a historic NASA undertaking.

According to JP Morgan, this SpaceX deal could unlock "the next phase of the space economy."

And here's the kicker…

Elon does all the work.

But this tiny firm, less than half a percent the size of SpaceX, takes the payday.

Dylan believes it could hand investors a chance at 39X their money, or better.

Dylan lays out the whole story right here.

See the full story here >>

Kelly Maguire
Behind the Markets

Does Lemonade’s Growth Signal Profits Ahead?

Reported by Peter Frank. Originally Published: 10/8/2026.

Lemonade (NYSE: LMND) has always had an audacious idea.

The insurer would rebuild insurance with artificial intelligence and behavioral economics to streamline policy purchases and claims filing, replace brokers with bots, and pay claims in seconds. For years, nonbelievers dismissed it as a cash-burning app dressed up as an insurer.

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This year, however, the company has started posting numbers that address those criticisms. The stock, meanwhile, remains unconvinced.

A fresh quarterly report in early November and an Investor Day are both on the calendar, while management has targeted the fourth quarter of 2026 for delivering its first quarter of positive adjusted EBITDA.

For investors, the next few months could serve as a proof-of-concept moment.

Growth Accelerates Across Key Metrics

Second-quarter results, announced July 29, helped set the stage. Revenue soared 79.4% to $294.4 million, edging past Wall Street’s consensus estimate of $291 million. The company’s loss of $43 million, or 56 cents per share, matched forecasts exactly.

The more important figure was in-force premium, or the total annualized value of policies on the books. It reached $1.43 billion, up 32.4% from a year earlier and marking the 11th consecutive quarter of accelerating growth. Customer count rose 23% to 3.3 million, and the company added approximately 166,000 new customers during the quarter, about 12% more than in the same period a year earlier.

That momentum builds on a solid 2025. Full-year revenue climbed 40% to $737.9 million, while the net loss narrowed to $165.5 million from $202.2 million.

Underwriting Performance Continues to Improve

Growth alone does not help insurers if they write unprofitable policies. Lemonade made progress on that front as well. Its gross loss ratio, or the share of premiums paid out in claims, came in at 60% in the second quarter. Just over a year earlier, the figure stood at 78%.

Its AI-driven claims operation is also paying off. The cost of handling claims fell to a record 5% of premiums, compared with an industry average of roughly 9%. Gross profit rose 76% to a record $113 million, representing a 38% gross margin.

Losses are shrinking, too. The adjusted EBITDA loss improved to $19 million from $41 million, while adjusted free cash flow was positive for a fifth consecutive quarter at $19 million.

Management raised its full-year outlook to approximately 65% revenue growth and 33% in-force premium growth.

Car Insurance Drives Expansion

The positive thesis depends on Lemonade becoming a multi-product insurer rather than remaining a renters-and-pets niche player, and car insurance is the key to that expansion.

Lemonade Car grew nearly 60% year over year in the second quarter, and an Aug. 26 launch in Florida brought the product to states representing nearly 50% of the U.S. car insurance market. In January, the company launched insurance that cut rates for miles driven on Tesla (NASDAQ: TSLA) Full Self-Driving by 50%. It has since brought that product to Indiana, Colorado and Tennessee.

More recently, the company announced a series of expansions, launching pet insurance in Kentucky and renters’ coverage in Kansas and Alaska. These moves are part of a pace of 14 new state-product launches in approximately 100 days.

Profitability Remains the Biggest Risk

The challenge is that Lemonade still loses money. Its trailing 12-month loss is $1.83 per share.

Wall Street expects the loss to narrow to $1.06 per share next year, suggesting that profits likely remain a distant target. The stock also trades at approximately 4.8 times sales and nearly 6.5 times book value, valuations that are rich for an insurer.

Expectations have also been high. The stock fell 20% after the July 29 report because the outlook, while raised, did not provide the larger catalyst investors had already priced in.

Competition is also intensifying. Although aggressive, Lemonade remains a small player compared with car insurance giants such as Progressive (NYSE: PGR), Allstate (NYSE: ALL) and Berkshire Hathaway (NYSE: BRK.B)’s GEICO. It also faces digital challenger Root (NASDAQ: ROOT) and pet insurance specialist Trupanion (NASDAQ: TRUP).

Traders are clearly betting against the stock, with roughly 16% of the float sold short.

Analysts Remain Divided on Lemonade

Analysts are split on the stock, giving it a consensus Hold rating. Of the nine analysts tracking the stock, four have given the company a Buy rating, four have assigned a Hold rating and one recommends Sell.

The 12-month average price target is $63.50, implying approximately 36% upside. Price targets range from $44 per share at the low end to $92 at the high end.

Shares have also taken a hit this year. The stock is down more than 34% since the start of the year and has fallen even further from its 52-week high of $99.90 in late January.

The Sell-Off Could Create an Opportunity

The curious reality is that Lemonade is a better business today than it was when the stock traded near $100. Growth is accelerating, underwriting has improved and positive EBITDA is within reach.

The 2026 sell-off has reset expectations, and that reset could make the stock appealing to investors seeking beaten-down growth opportunities.

But profitability remains a central issue. The next earnings report and the company’s Nov. 17 Investor Day could be determinative if management can confirm its path to positive results.

AST SpaceMobile’s BlueBird Progress Comes With Several Risks Still Unresolved

Reported by Jessica Mitacek. Originally Published: 10/2/2026.

Investors received some long-awaited good news regarding space-based cellular broadband network provider AST SpaceMobile (NASDAQ: ASTS) on Sept. 30.

In a social media post that day, the company announced that a convoy carrying its next three low Earth orbit (LEO) BlueBird satellites had departed its Midland, Texas, facility and was en route to Cape Canaveral, where the satellites will be prepared for deployment.

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But as the SpaceX (NASDAQ: SPCX) competitor continues pursuing its short-term goal of building a 45-satellite BlueBird LEO constellation, a series of headwinds and tailwinds are pulling in opposite directions and clouding the space stock’s trajectory.

3 New BlueBirds Head to Florida as AST SpaceMobile Ramps Up Production

Following the Aug. 5 launch of BlueBirds 11, 12 and 13, attention turned to the next cohort of BlueBirds, which was undergoing final preparations at AST SpaceMobile’s plant.

An October launch remains speculative because AST SpaceMobile has not announced an official date. The timing comes as shareholders look for a bullish catalyst. ASTS closed Thursday, Oct. 1, at $57.04, leaving the stock down about 21% year to date.

The Sept. 30 update also confirmed that BlueBirds 14, 15 and 16 were being shipped to Florida ahead of AST SpaceMobile’s next launch. Perhaps more intriguing is that the company has ramped up production through BlueBird 50, “with more than 20 spacecraft structures now being integrated as part of [its] assembly process.”

Headwinds and Tailwinds Battle for AST SpaceMobile’s Near-Term Future

The announcement comes as AST SpaceMobile faces a mix of headwinds and potential catalysts. In September, news broke of a securities fraud class-action lawsuit accusing AST SpaceMobile of misleading investors about its capital needs and competitive position during a class period from March 2025 through July 2026.

The suit centers on three separate $1 billion convertible-note offerings that allegedly undercut prior assurances and preceded sharp declines in ASTS shares. The legal action adds another risk for the company following six consecutive earnings misses.

It also adds to existing concerns about AST SpaceMobile’s elevated volatility, high cash-burn rate, launch delays, heavy insider selling and elevated short interest.

The company isn’t without tailwinds, though. Its cash-burn rate is directly attributable to its rapid scaling, which is capital-intensive and a routine growing pain for many high-growth companies. AST SpaceMobile is progressing toward its target of having 45 LEO BlueBird satellites in orbit by early 2027—a goal initially slated for late 2026.

But an Aug. 5 press release confirmed that the space-based, direct-to-device (D2D) connectivity provider was well on its way to achieving that goal, with “production advancing through BlueBird satellite 42.” By Sept. 30, the company said production had advanced through BlueBird 50.

Meanwhile, AST SpaceMobile expects D2D commercial services to begin in the first half of 2027, following its U.S. Federal Communications Commission (FCC) connectivity test. In August, the FCC granted the company a temporary 30-day permit to test its 800 MHz spectrum on unmodified devices. The permit ran through Sept. 12 and was tied to the company’s existing agreement with T-Mobile (NASDAQ: TMUS).

AST SpaceMobile’s existing network of around 60 strategic partners also serves as a formidable tailwind. Alphabet (NASDAQ: GOOGL) maintains a multihundred-million-dollar stake in the company. Pacts are also in place with AT&T (NYSE: T), Verizon (NYSE: VZ), Tokyo-based Rakuten (OTCMKTS: RKUNF), real estate investment trust American Tower (NYSE: AMT) and the U.S. federal government, with roughly 3 billion subscribers among its communications service partners.

Wall Street’s Mixed Outlook Reflects AST SpaceMobile’s Highly Volatile Year

Like AST SpaceMobile’s performance this year, Wall Street cannot seem to make up its mind about the stock. Of the 13 analysts currently covering ASTS, fewer than half assign it a Buy rating. Overall, it receives a consensus Hold rating alongside an average 12-month price target of nearly $85.

Institutional activity offers another mixed signal. Over the trailing 12 months, institutional buying has outweighed selling. Inflows of $2.42 billion from 389 buyers have significantly surpassed outflows of just over $411 million from 114 sellers.

However, current short interest stands at an elevated 21.2% of the float, representing $3.84 billion worth of shares. Meanwhile, insiders have sold nearly $452 million over the past year, compared with just $806,470 in purchases.

Since hitting its all-time high on May 28, the stock has plummeted more than 55%. Meanwhile, the high-volatility stock currently carries a beta of 2.74, indicating substantially greater sensitivity to broad-market movements than the market itself.

Investors looking for a lower entry point may want to continue monitoring how these headwinds unfold before committing. Additional downside is possible; shares have not entered oversold territory as measured by the Relative Strength Index. AST SpaceMobile is currently estimated to report third-quarter earnings on Nov. 9.