The SpaceX S-1: The Good, The Bad, The Verdict

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 21 May 2026

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stop the presses (or the recording, I guess)! SpaceX has filed its S-1 in anticipation of an IPO. The team digs into the details of the IPO prospectus and looks for some of the things that stand out in this monumental, possibly $2 trillion, public offering. Tyler Crowe, Matt Frankel, and Jon Quast discuss:- Starlink’s profitability- The space launch businesses (sort of) profitability- The unbelievably large market estimates- Is SpaceX actually just an AI company?- Can investors benefit from this corporate structure?- The leap of faith that is the valuation Companies discussed: SPCX, AMZN, MSFT, META, VOYG, Host: Tyler CroweGuests: Matt Frankel, Jon QuastEngineer: Bart Shannon Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement.We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode.Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's SpaceX's S-1 day on Motley Fool Hidden Gems Investing.
0:11.0	Welcome to Motley Fool Hidden Gems Investing.
0:12.9	I'm your host, Tyler Crowe, and today I'm joined by longtime contributor's Matt
0:16.8	Frankl and John Quest.
0:18.5	And guys, we picked one heck of a day to record here because I'm looking across the news.
0:23.7	Walmart's down 7% on tepid guidance.
0:26.9	Other consumer retailers are way down.
0:30.7	Quantum computing companies are up like 20% on a deal with the government for equity deals
0:36.0	and things like that.
0:37.7	Nvidia had their earnings, but we're not even going to talk about any of those things today
0:41.9	because you know what?
0:43.3	Earnings, they come and go.
0:45.2	But an S-1, as big as SpaceX, only comes around once in a while.
0:48.7	So we're going to do a deep dive into SpaceX's S-1 today, and we're going to do the whole show on it. We're going to start with what we liked about it in the first section. We'll call it the good. In the second part, we're going to kind of poke some holes into some of the things that we didn't like. And based on what we were talking about for the show, there's a few things that we're not big fans of. And then at the end, we're going to give our verdicts on whether or not we're going to be buying this IPO, whether we may be waiting, or if any of us are just like, no, thank you. Obviously, the job today was before we went on, it's just basically combed through the S-1, see what you see, see what you like. John, I think we all kind of came to the consensus. there's plenty of things to like and not like. But what stood out to you most is like, hey, this is good.
1:31.2	I like really. you like. John, I think we all kind of came to the consensus. There's plenty of things to like
1:28.1	and not like, but what stood out to you most is like, hey, this is good. I like really like this.
1:32.6	There are multiple parts to Space X's business, but the best looking one to me was Starlink.
1:39.5	Starlink is both profitable and it's growing like crazy.
1:45.4	So check this out.
1:50.2	This is the satellite business that allows internet connectivity around the world.
1:53.6	Even in remote places, that's kind of the appeal of it.
1:57.7	But in the first quarter, its subscriber count more than doubled.
	...

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