Deep dives into companies, pulling gems from published filings and Reports, sharing insights on publicly traded stocks. None of this information is Financial Advice. By listening you agree that you use the contents of this podcast at your own risk and that you are solely responsible for any investment decisions you make
deltainvestments.substack.com (https://deltainvestments.substack.com?utm_medium=podcast)
The wait is finally over. SpaceX has officially filed its S-1 registration statement with the SEC, targeting a historic June 12, 2026, debut on the Nasdaq under the ticker SPCX. With a projected valuation between $1.75 trillion and $2 trillion, this listing is poised to become the largest initial public offering in corporate history, dwarfing the previous record held by Saudi Aramco.
But as the curtain is pulled back on Elon Musk’s private empire, the financials reveal a complex, high-stakes paradox that every investor needs to understand before listing day.
In this episode, we break down:
The "Three-Engine" Business Model: Discover how SpaceX has evolved from a simple rocket launcher into a "vertically integrated technological conglomerate" spanning orbital transport, global communications (Starlink), and frontier AI (xAI).
The xAI Factor: Why is a space company spending billions on GPUs? We analyze the xAI merger, the Colossus supercomputer in Memphis, and the massive $15 billion-a-year compute deal with Anthropic.
Starlink: The Internal Cash Machine: Starlink generated $11.4 billion in 2025 revenue, acting as the primary engine funding Musk's more speculative bets. However, we also look at the worrying 33% decline in Average Revenue Per User (ARPU).
The Sector Re-Rating: How the SpaceX IPO is acting as a "rising tide" for peers like Rocket Lab (RKLB) and AST SpaceMobile (ASTS).
Key Data Points from the S-1 Filing:
2025 Consolidated Revenue: $18.7 Billion.
2025 GAAP Net Loss: $4.94 Billion.
AI Segment Capex (2025): $12.7 Billion.
Get full access to Delta Investments at deltainvestments.substack.com/subscribe (https://deltainvestments.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4)
14 May 2026
Let's Talk about Blackberry's ($BB) Transformation
You thought they were gone. You thought the "Crackberry" era ended when the keyboards fell silent. You were wrong.BlackBerry ($BB) has just completed one of the most radical architectural shifts in tech history. No longer a phone company, they have transformed into a high-margin, structurally profitable software titan, serving as the hidden "nervous system" for the world's most mission-critical operations.In this deep dive, we unpack the BlackBerry Renaissance:🚀 The QNX Royalty Engine: While the world looked away, BlackBerry’s QNX software became the industry standard for safety-certified embedded systems. It is now embedded in more than 275 million vehicles worldwide, powering everything from digital cockpits to advanced autonomous driving systems for the top global automakers.🤖 The "Brainstem" of Physical AI: Beyond the road, BlackBerry is moving into the "Physical AI" space. Through a deepening partnership with NVIDIA, BlackBerry is integrating its QNX OS for Safety with the NVIDIA IGX Thor platform. This isn't just about cars anymore—it’s about the software layer governing autonomous surgical robots, smart manufacturing, and medical imaging where failure is not an option. 🛡️ Digital Sovereignty: As global tensions rise, BlackBerry’s Secure Communications division is seeing an accelerating "digital sovereignty" tailwind. Trusted by 17 of the G20 governments, they provide the military-grade encryption and critical event management that nations rely on when security is a matter of national defense.💰 The Financial Inflection Point: For the first time in years, the "company in transition" narrative is dead. BlackBerry has reported its eighth consecutive quarter of improving GAAP profitability as of April 2026. With a massive $950 million royalty backlog providing multi-year visibility, the "royalty engine" is just starting to compound. Is BlackBerry the most undervalued AI play in the market today? We explore the $950M "coiled spring" backlog, the NVIDIA partnership, and the roadmap to 2027.For more deep dives into the technologies redefining our world, subscribe and hit the bell icon. Get full access to Delta Investments at (https://deltainvestments.substack.com (https://deltainvestments.substack.com))#BB #ai #PhysicalAI #nvidia #Earnings #Autonomy #SmartInfrastructure #ai
Get full access to Delta Investments at deltainvestments.substack.com/subscribe (https://deltainvestments.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4)
1 May 2026
Can Oscar Health Transform the way we look at Healthcare?
Get full access to Delta Investments at deltainvestments.substack.com/subscribe (https://deltainvestments.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4)
Reach and audience
Public platform figures. Ratings count people who left a rating, not total listeners.
Apple Podcasts (US)
5.0 / 5
1 ratings
Host of Delta Investments Podcast?
Claim your podcast to manage its listing and keep your show details accurate.
Pod Engine is an independent podcast discovery and analytics service and is not affiliated with or endorsed by this podcast. Artwork and show content belong to their owners. Full legal notice.
Explore this show Podcast research with Pod Engine
