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Confirmed

Space & Advanced Tech

6 names are moving together; 33% are participating in the current session.

Co-movement

Observed intraday paths are not available for this group yet.

Members

TICKERCompanySectorTodayObserved activity
DQDAQO New Energy Corp.Technology+2.0%Group member
SIDUSidus Space, Inc.Industrials-0.5%Group member
APOApollo Global Management, Inc.Financial Services+0.9%Most structurally connected
BKSYBlackSky Technology Inc.Industrials-1.5%Group member
OPTXSyntec Optics Holdings, Inc.Technology-1.4%Group member
TROXTronox Holdings plcBasic Materials+1.5%Group member

Why we believe this

Cohort

6 names

Participation

33% this session

Observed history

1 daily builds

Filing coverage

5/6 members

credit / rates affecting interest expense

The increase in interest expense was primarily due to an increase in host accretion on business ceded to Catalina, as well as interest related to additional issuances of long-term debt in the second quarter of 2025 and a full year of interest on long-term debt issued in the fourth quarter of 2024.

APO 10-K

credit / rates affecting expense

Interest and other financing costs were $560 million in 2025, an increase of $95 million from $465 million in 2024, primarily driven by higher interest expense related to additional issuances of long-term debt in the second quarter of 2025 and a full year of interest on long-term debt issued in the fourth quarter of 2024, partially offset by a decrease in preferred stock dividends due to the redemption of Athene’s Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series C (“Series C”) in the second quarter of 2025.

APO 10-K

restructuring affecting expense

This increase was primarily driven by approximately $658,000 related to increased headcount to support the needs of the business partially offset by a reduction of $130,000 based on company performance related to expense accruals associated with equity-based compensation and bonus plans implemented in Q1 2025 and $23,000 lower employee severance costs. ● An increase of approximately $293,000 fundraising related expenses versus none in 2024 due to timing of capital raises each year. ● An increase of approximately $80,000 rebooking expense related to timing of satellite launches to approximately $89,000 compared to approximately $9,000 in 2024.

SIDU 10-Q

Space & Advanced Tech can stay leader-led if OPTX and the next software names fail to join while APO keeps moving.

Connected, outside the group

No high-confidence filing-linked non-members are available for this group yet.

History

Historical cohort observations are not available yet.