Liberty Lost Grand Prix, New SkyHarbour Developments (Issue #46)
Recent Updates:
Liberty Media Formula One (NASDAQ: FWONK — $30.18b) was on track to have an all-time high of 24 races in the 2023 Formula One season. This increase was due to the addition of the Las Vegas GP. This Grand Prix is the first one owned by the company ( as opposed to receiving a fee from the track). However, the race count overall stayed the same with the Chinese GP being canceled. This is unfortunate because the company makes significantly more in returns with higher race counts. This is from track fees, streaming, broadcasting, sponsorships, and more revenue streams that each race produces. The loss of this specific Grand Prix is made more painful because the Chinese market is one of the best future growth areas for the sport (along with the US).
Sky Harbour Group (NYSE: SKYH — $309.72m) a now public SPAC that was sponsored by Boston Omaha just announced its plans to double the footprint of its Dallas campus. After talks with the airport, they have finally come to a deal that will make this possible. They will now have a total of 195,000 rentable sqft at Dallas alone.
“Dallas is among the largest business jet hubs in the country and one of Sky Harbour’s strongest markets. Addison is positioned in a prime location within the Dallas metro center and enjoys outstanding airport management. We believe the expanded Sky Harbour campus will strengthen Addison’s position as the airport of choice for many of Dallas’s top private and corporate flight departments.”
Tal Keinan, Sky Harbour Group Chairman and CEO
Portfolio Update:
To view the full spreadsheet and the linked deep dives go here.
Insight Of The Week:
Meme Of The Week:
Until Thursday,
Soren