General Electric Co (GE) research
Equibles Research on General Electric Co — analysis and original studies grounded in disclosed primary sources and documented methods.
AI Talk Nearly Doubled Outside Tech. Proof of Payoff Is Rare
Executives at non-tech S&P 500 companies talked about AI on 61.2% of their earnings calls last quarter, up from 33.8% in early 2024. Only 9.0% of calls put a number on what AI saved, sped up or earned, and the most common figure is a savings target for a company-wide cost program.
SpaceX's $1.8T cap is a two-customer AI bet, with $14.1B in CSAs carrying the entire $100B ARR claim
A Q2-print read on SpaceX as a public company: how $15.8B of the $18.4B Q2 capex flowed into the AI segment, why Customer B at 19.5% and Customer A at 18.3% of revenue sit between the $47.5B backlog and the $100B December ARR target, and how the Cursor close reframes the same concentration risk.
Rocket Lab's $2.2B backlog makes the bull case bigger than Neutron
Rocket Lab's record Q1 and $2.2B backlog show the bull case no longer rests on Neutron alone. The proposed Iridium merger could add a recurring-services engine, while financing, dilution and execution remain the price of that upside.
Rocket Lab: Backlog is converting, but the $39B market cap is paying for a Neutron debut the company has yet to validate
Rocket Lab enters Q2 2026 with record backlog of $2,219.8M and guided revenue of $225.0M–$240.0M, yet the stock trades at -55.2% from its $150.23 high on a $39.0B market cap against $679.6M of trailing revenue — a gap the equity-funded growth model and the un-flown Neutron debut have to close.
