Quality: Moderate

IPX

IPX: Titanium Disruptor - Government's Golden Child or Fool's Gold?

Updated 18 Nov 2025

Pre-commercial titanium manufacturer with breakthrough HAMR technology. Fair value $0.95 USD vs current $0.35 implies 171% upside (50% Base case probability). High execution risk offset by $60M+ government backing and 200 tpa commercial validation. 18-24 month horizon.

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