What Happened
Overblown Fears Of Competition From SpaceX In-House Production
Howmet Aerospace’s stock has been upgraded to Buy following a recent decline, driven by concerns about SpaceX’s in-house turbine blade casting. However, these concerns are deemed overblown, as SpaceX’s initiative is primarily focused on addressing its own supply bottleneck rather than competing at scale with Howmet Aerospace. The company maintains a dominant global market share in industrial gas turbine blades, with robust long-term agreements and active capacity expansions. This article was first reported by Seeking Alpha.