FutureCorp Space Acquisition 1 (FTRA)
Market Price (8/7/2026): $9.86 | Market Cap: $-Sector: Financials | Industry: Multi-Sector Holdings
FutureCorp Space Acquisition 1 (FTRA)
Market Price (8/7/2026): $9.86Market Cap: $-Sector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 4.8% Megatrend and thematic driversMegatrends include Advanced Aviation & Space. Themes include Commercial Space Exploration. | Trading close to highsDist 52W High is -0.4%, Dist 3Y High is -0.4% Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -69% | Key risksFTRA key risks include [1] an inability to complete an initial business combination, Show more. |
| Low stock price volatilityVol 12M is 4.8% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space. Themes include Commercial Space Exploration. |
| Trading close to highsDist 52W High is -0.4%, Dist 3Y High is -0.4% |
| Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -69% |
| Key risksFTRA key risks include [1] an inability to complete an initial business combination, Show more. |
Qualitative Assessment
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FutureCorp Space Acquisition 1 (FTRA) stock has remained largely at the same level since it went public on 7/27/2026 because of the following key factors:
1. FutureCorp Space Acquisition 1 operates as a Special Purpose Acquisition Company (SPAC), which typically results in its shares trading near the initial public offering price of the units, which was $10.00 per unit. This is characteristic for SPACs that have not yet announced a definitive business combination target, as their shares represent a pro rata claim on the cash held in a trust account.
2. As a blank check company, FutureCorp Space Acquisition 1 has no current business operations or revenue streams, meaning there were no company-specific financial results or operational news during the specified period to drive significant price fluctuations. Its performance is solely dependent on identifying and completing a successful acquisition.
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FutureCorp Space Acquisition 1 (FTRA) stock has remained largely at the same level since it went public on 7/27/2026 because of the following key factors:
1. FutureCorp Space Acquisition 1 operates as a Special Purpose Acquisition Company (SPAC), which typically results in its shares trading near the initial public offering price of the units, which was $10.00 per unit. This is characteristic for SPACs that have not yet announced a definitive business combination target, as their shares represent a pro rata claim on the cash held in a trust account.
2. As a blank check company, FutureCorp Space Acquisition 1 has no current business operations or revenue streams, meaning there were no company-specific financial results or operational news during the specified period to drive significant price fluctuations. Its performance is solely dependent on identifying and completing a successful acquisition.
3. The Class A ordinary shares of FutureCorp Space Acquisition 1 (FTRA) only commenced separate trading on the NYSE on July 27, 2026, marking the beginning of the analysis period. In the very short timeframe from its separate trading debut to August 2, 2026, there was insufficient time or catalysts for substantial price movements, resulting in the stock remaining largely at its initial trading levels, closing at approximately $9.86 on July 31, 2026.
4. There were no reported insider trading activities for FTRA that exceeded the USD 5 million threshold during the period from July 27, 2026, to August 2, 2026. This absence of significant insider buying or selling activity further contributed to the stable trading pattern.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
4/30/2026 to 8/6/2026| Return | Correlation | |
|---|---|---|
| FTRA | ||
| Market (SPY) | 6.9% | 23.7% |
| Sector (XLF) | 10.9% | -30.2% |
Fundamental Drivers
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Market Drivers
1/31/2026 to 8/6/2026| Return | Correlation | |
|---|---|---|
| FTRA | ||
| Market (SPY) | 11.4% | 23.7% |
| Sector (XLF) | 8.7% | -30.2% |
Fundamental Drivers
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Market Drivers
7/31/2025 to 8/6/2026| Return | Correlation | |
|---|---|---|
| FTRA | ||
| Market (SPY) | 22.6% | 23.7% |
| Sector (XLF) | 11.7% | -30.2% |
Fundamental Drivers
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Market Drivers
7/31/2023 to 8/6/2026| Return | Correlation | |
|---|---|---|
| FTRA | ||
| Market (SPY) | 73.8% | 23.7% |
| Sector (XLF) | 71.0% | -30.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FTRA Return | - | - | - | - | - | -1% | -1% |
| Peers Return | -19% | -41% | -0% | 352% | 148% | 8% | 483% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| FTRA Win Rate | - | - | - | - | - | 0% | |
| Peers Win Rate | 42% | 45% | 47% | 58% | 60% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FTRA Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -57% | -54% | -61% | -49% | -60% | -66% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RKLB, PL, ASTS, RDW, LUNR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/6/2026 (YTD)
How Low Can It Go
FTRA has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
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Asset Allocation
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FTRA has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About FutureCorp Space Acquisition 1 (FTRA)
FutureCorp Space Acquisition 1 (FTRA) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), formed with the explicit purpose of acquiring and merging with an existing private business. Incorporated in March 2026, FTRA currently has no active business operations, products, or services of its own. Its primary function is to identify, acquire, and complete a business combination with another entity, which will then become the operating company.
While FTRA has the flexibility to pursue an acquisition in any sector, its management team intends to concentrate its efforts on identifying target companies within the global space economy and adjacent industries. This focus includes areas such as space manufacturing and component supply chains, launch platforms, in-orbit services and habitats, space-based telecommunications, Earth observation, and defense-related activities. Therefore, FTRA's "market" is essentially the vast and growing ecosystem of companies operating in or supporting the space industry.
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It's like a publicly traded, specialized private equity firm (e.g., Blackstone or KKR) dedicated to acquiring just one significant company in the global space industry.
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- Business Combination Service: Facilitating a merger, acquisition, or similar transaction with one or more businesses or entities.
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Joshua B. Marks Chief Executive Officer & Chief Financial Officer
Mr. Marks has served as Chief Executive Officer and Chief Financial Officer of FutureCorp Space Acquisition 1 since April 2026 and as a Director since March 12, 2026. He has also been a Managing Director of FutureCorp since March 2026. Since 2018, Mr. Marks has served as the Chief Executive Officer of Anuvu Corporation, a provider of satellite-based connectivity and media solutions to the aviation and maritime industries. Anuvu Corporation was formed through a business combination with Global Eagle Acquisition Corp. (a special purpose acquisition company) in 2013, providing Mr. Marks with substantial operating experience leading a company that originated from a SPAC business combination.
Sudhin R. Shahani Chairman of the Board
Mr. Shahani serves as the Chairman of the Board of Directors for FutureCorp Space Acquisition 1. He is a Founding Partner of FutureCorp LLC, a new investment firm. Mr. Shahani is also the co-founder and former Chairman of Surf Air Mobility (NYSE: SRFM). His past experience includes serving on the board of directors of Madefire from July 2013 to December 2018 and Panna from March 2012 to April 2019, both of which were sold to Discovery Networks.
Matthew A. Long General Counsel
Mr. Long has served as General Counsel for FutureCorp Space Acquisition 1 and its Sponsor since May 2026. He is also a Founding Partner of FutureCorp LLC. Previously, he was a Vice President at xAI from November 2025 to May 2026, leading the company's U.S. government business. Prior to xAI, Mr. Long served as General Counsel of Astranis Space Technologies from June 2024 to November 2025 and as General Counsel at Palantir Technologies (NYSE: PLTR) from March 2009 to November 2022.
David J. Anderman Independent Director
Mr. Anderman is an Independent Director for FutureCorp Space Acquisition 1. He is a Founding Partner of FutureCorp LLC and a Co-Founder and General Partner of Stellar Ventures. Mr. Anderman previously served as General Counsel of Space Exploration Technologies Corp. (SpaceX). He also advised PowerUp Acquisition Corp., a special purpose acquisition company, from 2021 to 2023, where he worked on identifying and evaluating potential target businesses.
Shawn K. Pelsinger Independent Director
Mr. Pelsinger serves as an Independent Director on the board of FutureCorp Space Acquisition 1. He previously held the role of Global Head of Corporate Development at Palantir Technologies (Nasdaq: PLTR).
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Key Risks to the Business of FutureCorp Space Acquisition 1 (FTRA):
- Inability to complete an initial business combination: As a blank check company, FutureCorp Space Acquisition 1's sole purpose is to effect a business combination. If it is unable to identify and consummate a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities within the required timeframe, it will be forced to liquidate. This would result in investors potentially losing the value of their shares.
- Competition for attractive acquisition targets in the global space economy: FutureCorp Space Acquisition 1 intends to concentrate on companies in the global space economy and adjacent industries. This sector is experiencing significant growth and investor interest, leading to increased competition among acquirers, including other special purpose acquisition companies, private equity firms, and strategic buyers. This competition may make it difficult for FutureCorp Space Acquisition 1 to identify and secure an attractive target business at a reasonable valuation.
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Share Issuance
- FutureCorp Space Acquisition 1 completed its Initial Public Offering (IPO) in June 2026, raising gross proceeds of $230,000,000 from the sale of 23,000,000 units at $10.00 per unit.
- The company also raised an additional $6,000,000 through the sale of 6,000,000 private placement warrants at $1.00 each.
- All $230,000,000 in gross proceeds from the IPO were placed into a U.S.-based trust account.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 18.82 |
| Mkt Cap | 7.9 |
| Rev LTM | 336 |
| Op Inc LTM | -226 |
| FCF LTM | -164 |
| FCF 3Y Avg | -78 |
| CFO LTM | -91 |
| CFO 3Y Avg | -62 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 34.1% |
| Rev Chg 3Y Avg | 45.4% |
| Rev Chg Q | 57.9% |
| QoQ Delta Rev Chg LTM | 10.6% |
| Op Inc Chg LTM | -49.5% |
| Op Inc Chg 3Y Avg | -34.9% |
| Op Mgn LTM | -42.1% |
| Op Mgn 3Y Avg | -46.0% |
| QoQ Delta Op Mgn LTM | -11.0% |
| CFO/Rev LTM | -23.8% |
| CFO/Rev 3Y Avg | -24.1% |
| FCF/Rev LTM | -44.3% |
| FCF/Rev 3Y Avg | -44.4% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.27 | -0.26 | -0.03 | 0.01 | 0.11 | -0.16 |
| Up Beta | -0.04 | -0.41 | 0.39 | 0.61 | -0.72 | -0.57 |
| Down Beta | � | � | � | � | � | � |
| Up Capture | -9% | -4% | -2% | -1% | -0% | -0% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 2 | 2 | 2 | 2 | 2 | 2 |
| Down Capture | -2% | -1% | -1% | -0% | -0% | -0% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 2 | 2 | 2 | 2 | 2 | 2 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTRA | |
|---|---|---|---|---|
| FTRA | -0.4% | 4.8% | -3.62 | - |
| Sector ETF (XLF) | 13.2% | 14.6% | 0.63 | -30.2% |
| Equity (SPY) | 23.5% | 12.9% | 1.37 | 23.7% |
| Gold (GLD) | 25.3% | 28.3% | 0.79 | 13.1% |
| Commodities (DBC) | 32.4% | 19.8% | 1.30 | 9.2% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | -52.4% |
| Bitcoin (BTCUSD) | -43.6% | 43.0% | -1.21 | 29.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTRA | |
|---|---|---|---|---|
| FTRA | -0.1% | 4.8% | -3.62 | - |
| Sector ETF (XLF) | 11.3% | 18.4% | 0.47 | -30.2% |
| Equity (SPY) | 13.2% | 17.2% | 0.59 | 23.7% |
| Gold (GLD) | 17.9% | 18.5% | 0.78 | 13.1% |
| Commodities (DBC) | 8.0% | 19.6% | 0.31 | 9.2% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | -52.4% |
| Bitcoin (BTCUSD) | 10.0% | 53.0% | 0.38 | 29.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTRA | |
|---|---|---|---|---|
| FTRA | -0.0% | 4.8% | -3.62 | - |
| Sector ETF (XLF) | 13.7% | 22.1% | 0.57 | -30.2% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 23.7% |
| Gold (GLD) | 11.8% | 16.2% | 0.59 | 13.1% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | 9.2% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | -52.4% |
| Bitcoin (BTCUSD) | 58.3% | 66.2% | 0.98 | 29.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-Sector Holdings Resources |
| McKinsey & Company Insights |
| Harvard Business Review |
| ValueWalk |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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