So here’s my thesis, Roark Aerospace, a $50M a year business in the defence sector (hot right now) are using crypto to part fund their latest investment round. The $ROARK token first takes the form of representing investment/equity in the company but retaining the trade ability of a crypto token. The current valuation cap on the round is $350M but I think the company, based on revenues and in the context of valuations in the sector is worth closer to $900M. When looking at others in the space (Anduril at $30.5B & ShieldAI at $5.4B) I think the token will be in high demand for a 4-5x exit by the end of the year and possibly a 10x by the end of next year. They have built their own fixed price trading platform and a secondaries market so not your usual pump shitter. Some core facts: fully validated business with NATO accreditation, annual accounts filed in the UK, doxxed, have already raised $50M of the $75M. Crypto round is being run in parallel with a traditional fund raising round which will impact the potential scarcity of the token on the future. VC’s investing in a traditional way can’t sell for at least year which means the $ROARK token is the only way to get exposure to the company, again adding significant value. All the information including link to the swap is in the website footer of Roark-aerospace.com They are also entering the DePIN market but that’s separate to the $ROARK token.
submitted by /u/ilovelampido
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