Clear market notes built around the JSE, the rand, and what matters locally.

2026-10-25 01:30 • The Motley Fool Neutral Axe Cap view: Selective

Rocket Lab announced another delay to its Neutron reusable rocket's inaugural launch, pushing it from end of 2026 to 2027. The delay stems from manufacturing issues with carbon composite domes for first-stage propellant tanks, where air pockets were discovered that could compromise structural integrity. While the stock fell 25% on the news, the analyst argues the delay is prudent and won't significantly impact near-term revenues, as Rocket Lab was only planning limited launches anyway and is expected to achieve profitability next year regardless.

Axe note: Rocket Lab’s pushback on its Neutron rocket launch won’t shake South African markets or the rand much.

2026-10-25 00:02 • The Motley Fool Positive Axe Cap view: Selective

Motley Fool contributors debate whether the AI boom is becoming a bubble, citing Ray Dalio's concerns about potential catalysts like rising interest rates and wealth conversion. While acknowledging risks, they note timing is uncertain and recommend positioning cautiously. Google announces a $4.3 billion nuclear power deal with Constellation Energy to support massive data center energy demands. Apple enters the smart home market with doorbells, cameras, and a home hub in partnership with LG, though analysts question its market impact.

Axe note: The AI hype's real test in South Africa is energy demand and how the rand reacts, not just tech valuations.

2026-10-24 23:50 • The Motley Fool Positive Axe Cap view: Selective

SpaceX and Rocket Lab are both benefiting from the growing space economy, but they offer different investment profiles. SpaceX has diversified revenue streams including Starlink (up 69% YoY) and a booming AI/Super Intelligence segment ($7.6B revenue), while Rocket Lab focuses purely on launch services and aerospace equipment. SpaceX trades at 70x sales with a $2.2T market cap, while Rocket Lab trades at 40x sales with a $31.5B market cap. Rocket Lab offers pure-play space exposure but faces near-term risks from Neutron rocket delays pushed to 2027.

Axe note: SpaceX’s diversified space empire dwarfs Rocket Lab’s focused launch business, but the latter’s valuation and risks offer a different play for investors.