In the last few days I have opened a larger position in SEALSQ $LAES (+0,3%) in the last few days. I currently feel a bit like I did in spring 2024, when I first invested in Rocket Lab $RKLB (+0%) invested for the first time. The companies have nothing to do with each other, of course, but I think the situation is very similar at the moment.
Rocket Lab was worth around €1.5-2 billion in spring 2024 and the share price was always around €4. At that time, they were already technologically outstanding, had grown strongly, were sitting on a mountain of cash and were generally operating in a market that was set for huge growth. Nevertheless, they tended to be ignored in the press, analysts were always skeptical about the operating business and only a small retail bubble was interested in the company. The entry was riskier back then than it is today, but it paid off.
Now we come to SEALSQ. The company is worth around €700m and the share price is around €4. They are technologically outstanding (first PQC semiconductors, Quantum-Silicon, Sovereign Quantum, satellite ....), are growing strongly, are sitting on a mountain of cash (400m +) and generally operate in a market that is set for enormous growth (and will soon be required by law everywhere). They are by no means ignored in the press, instead they are increasingly reporting on the latest milestones. Analysts are bullish but still largely skeptical because quantum computing always feels so far away, but that's wrong. Quantum computing is on the rise and security precautions must be taken immediately, keyword: harvest now, decrypt later (collect all data now to crack it later). Once again, only a small retail bubble is involved. And just as Rocket Lab was misunderstood as a launch company, SEALSQ is misunderstood as a pure PQC company. But the latest acquisition announcements in particular make it clear that this could not be more wrong. With the planned acquisition of Quobly, SEALSQ is investing in a trend that could already make most quantum computers superfluous. It is about quantum silicon, i.e. quantum semiconductors. These do not require deep-frozen laboratories or anything similar; they are simply manufactured in the existing semiconductor infrastructure. These quantum semiconductors will very probably make quantum computers superfluous in most cases. In other words, everything that does not require infinite computing power.
Do you also see the parallels? Does anyone already know the company? Have you invested? Maybe I'll do a bigger presentation again soon :)
