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What podcasters are saying about Space Exploration Technologies
Summary
In the past 30 days, 34 speakers on 17 finance podcasts discussed Space Exploration Technologies in 56 views. Going by each speaker's latest call, 21 are bullish and 9 are bearish. Chorus has followed Space Exploration Technologies since October 2, 2026.
Who talks about it most
- Josh Brown · 5
- George Noble · 5
- Scott Galloway · 4
- Ed Elson · 4
- Brett Winton · 3
- Nicolas Owens · 3
- Michael Batnick · 2
- Stephanie Link · 2
- Ted Mortonson · 2
- Julie Ju · 2
The latest views
Newest first. Every quote is checked against the episode's transcript.
Josh Brown · Ritholtz Wealth ManagementBullish
SpaceX has an unreplicable moat in rockets, launch and Starlink; no real competitor.
SpaceX is the blueprint for going public at a valuation of $1–2 trillion because what Musk built cannot be replicated: the rockets, the payloads, the cost of getting satellites into space and the Starlink network, which now has about 200 million users. Rocket Labs, the only other public space company, is tiny by comparison, with two launch sites and a few rockets a year. Josh uses this to explain what makes a trillion-dollar company: a moat that is almost one-of-a-kind rather than merely hard to compete with.
“SpaceX is sort of like the blueprint for how do you go public worth 1,000,000,000,000 or 2. People understand that what Elon has built is not replicable by any other company.”at 21:07
Prof G Markets: Josh Brown: If This Is A Bubble, It’s Pathetic ·
Scott Galloway · NYU Stern School of BusinessBullish
The company is priced below Palantir and near Nvidia while growing much faster; attractive on risk-adjusted basis.
Galloway says the company posted positive adjusted operating income while scaling at 13x growth, which he calls rare, since most such companies burn cash. Adjusted figures exclude stock-based comp, a caveat he flags. He says it is priced cheaper than Palantir and roughly in line with Nvidia while growing much faster than both. Despite existential and political risks, if it sustains even a fraction of its growth it becomes a cash spigot at a multiple that makes Nvidia and Palantir look expensive. He worries more about political risk than financial risk, though Ed Elson counters with the financial commitments.
“If you look at this thing in the pricing, it's pricing cheaper than Palantir and roughly in line with NVIDIA while growing much faster than both.”at 42:43
Prof G Markets: Josh Brown: If This Is A Bubble, It’s Pathetic ·
Josh Brown · Ritholtz Wealth ManagementBullish
The company's IPO is timed as enthusiasm peaks, which should help the first days of trading.
Brown argues the company is going public just as excitement around it is peaking. He thinks the timing is good, since it bodes well for the first few days of trading. He contrasts this with the staggered-liquidation structures used in Cerebras and then SpaceX, which he says were learned and will apply to the Anthropic IPO. He concludes the company's bankers nailed the timing. He is focused on the near-term trading, not long-run returns, and his point that enthusiasm will be peaking implies more caution beyond that.
“I think the enthusiasm around this company will be peaking right as it goes public... I actually think they nailed the timing.”at 45:23
Prof G Markets: Josh Brown: If This Is A Bubble, It’s Pathetic ·
Brett Winton · ARK InvestBullish
SpaceX's plan to build 10 gigawatts next year is a strong vote of confidence in its execution.
Brett says SpaceX revised its plan from building five to ten gigawatts next year, to building a full 10. He reads that as a big upgrade in confidence in its own team's ability to attach power to chips, and it has the NVIDIA relationship for compute supply. He frames SpaceX as a supplier that could step into the market with a big lump of capacity.
“The surprising wrinkle here is SpaceX just turned around and said, well, actually, rather than building five to 10 gigawatts this next year, we're going to build a full 10.”at 23:33
ARK Invest (FYI podcast, In the Know video): Anthropic’s S-1, Meta’s $90B, And Elon’s Warning Call | The Brainstorm 155 ·
Brett Winton · ARK InvestBullish
SpaceX has better credit than neoclouds because its other businesses generate cash flow.
Brett reports that SpaceX raised another $40 billion in debt to buy NVIDIA chips and build data centers. He argues it has an advantage over neoclouds because its other business lines generate cash flow, which makes it a better credit with a big balance sheet. If compute demand falls short, SpaceX can take capacity internally rather than selling it.
“I think that the advantage that SpaceX has and the core cloud providers have is SpaceX has both other business lines that are producing cash flow, so then they're a better credit.”at 25:01
ARK Invest (FYI podcast, In the Know video): Anthropic’s S-1, Meta’s $90B, And Elon’s Warning Call | The Brainstorm 155 ·
Michael Batnick · Ritholtz Wealth ManagementNeutral
SpaceX's IPO was not a great one; the stock fell fast after it priced.
Batnick says SpaceX went from about $150 at pricing to a high near $180 and then fell back to around $100 quickly. The company raised a lot of money. He concedes the stock has since stabilized and it was not a catastrophe, so the worst fears didn't come true. Still, he says it was not a great IPO, and he feels better about the Anthropic IPO valuation than he did about SpaceX.
“It was a bad IPO. ... Yeah. Fine. It wasn't a catastrophe... It was not a great IPO.”at 12:18
The Compound and Friends: Dirty Dozen Charts, Anthropic’s S-1, Amazon Earnings Preview, Cost of Capital Hits AI ·
Stephanie Link · Hightower AdvisorsBullish
SpaceX is a long-term buy, with about 200M Starlink subscribers expected by 2030.
She owns SpaceX for the long term. Its AI compute rental business grew more than 700% year over year, and its connectivity business grew 70%, which she sees as another route to winning. She expects Starlink to reach about 200 million subscribers by 2030 and says SpaceX has low-cost and first-mover advantages in space. The stock is still down about 25% from its highs, and she would add on further pullbacks.
“I own this for the very long term... I think they're on path to see something like 200,000,000 subscribers in Starlink by 2030.”at 24:36
CNBC Halftime Report: The AI Correction, Tech Earnings and the Rally 10/27/26 ·
Paul Kedrosky · SK VenturesBearish
SpaceX's cancellable compute rental revenue is being presented as AI revenue, but it is not.
Kedrosky says SpaceX buys and resells compute, roughly $3B a year, on 90-day notice, so the contract is cancellable. He thinks SpaceX counts this as growing AI revenue even though it is a rental of compute to someone else. He reads the arrangement as SpaceX wanting cash flow from it, and says the revenue is far less durable than the label suggests.
“they, in turn, consolidate it as growing AI revenues when it's really not, obviously.”at 11:30
Prof G Markets: The $800 Billion Catch Behind Anthropic's IPO ·
Dan Niles · Niles Investment ManagementBullish
Musk's SpaceX has a cost-of-capital edge, so heavier AI buildout spending widens its advantage over neoclouds.
Niles says SpaceX can raise capital at a price-to-sales multiple far higher than any neocloud can. That means the more it spends on building AI capacity, the bigger its advantage, because it can multiply each dollar of revenue by a much larger number. It also has other businesses, SpaceX and Starlink, to help support that spending. This puts it in the same category as Google, Amazon and Microsoft, which have large cash-generating businesses to fund AI spending.
“And Elon's got a massive cost of capital advantage. Right? Because he can raise capital at a price to sales ratio that is much higher than any of these neo clouds can.”at 14:08
CNBC Closing Bell: Closing Bell Overtime: Markets Face a Big Week as AI Takes Center Stage 10/26/26 ·
Dan Primack · AxiosUncertain
SpaceX's valuation rested on its AI compute story despite no demonstrated AI compute business.
Primack says SpaceX has a diversified business in launch and Starlink, but the valuation and the money it raised were really based on its AI compute piece. The market was happy to give it that even though SpaceX had no demonstrated business in AI compute. He uses this to argue that the market is paying for growth stories, and that Anthropic's case is similar.
“the valuation that SpaceX got, the money SpaceX got, was really based on the AI compute piece... even though they didn't really have a demonstrated business on AI compute.”at 6:23
Big Technology Podcast: Emergency Pod: Anthropic's S-1 IPO Filing — With Dan Primack ·
Scott Galloway · NYU Stern School of BusinessBearish
SpaceX shareholders are on the losing side of the Tesla deal, which is a rescue for Tesla.
Galloway frames the merger as a rescue. Tesla is the patient and SpaceX is the organ donor, so SpaceX shareholders pay for Tesla's decline. Tesla shareholders win because they swap declining shares in a declining car company for a stake in Starlink and AI. Musk wins by keeping control. He also says some real synergies exist, such as SpaceX buying over $1B of Tesla batteries and Tesla's manufacturing scale, but calls it 'a real merger with a fake premise.' He cites Musk's history with SolarCity and Twitter.
“So right now, Tesla is the patient, and SpaceX is the organ donor. SpaceX shareholders are the organ donor. So who wins? Tesla shareholders.”at 8:13
Prof G Markets: The $3.5T Bailout: Elon's Plan To Merge Tesla And SpaceX ·
Ed Elson · Prof G MediaBearish
SpaceX's $2 trillion valuation is inflated by a tiny float and bank research, so it is not real.
Elson calls the SpaceX valuation 'basically bullshit' because the float is only about 15-20%, versus near 100% for Nvidia and Microsoft. He says a small float means no genuine price discovery and makes the price easier to manipulate by large holders. He says banks inflate price targets, such as Raymond James's $10T target, to win underwriting for coming debt and equity offerings. He points to the SEC removing the rule that limited this conflict. He describes SpaceX's pitch as a sequence of narratives: orbital data centers, asteroid mining, Mars colonies.
“I think the SpaceX valuation is basically bullshit. And the reason it's bullshit is because the float is still incredibly small. It's still around 15 to 20%.”at 21:06
Prof G Markets: The $3.5T Bailout: Elon's Plan To Merge Tesla And SpaceX ·
Scott Galloway · NYU Stern School of BusinessBullish
SpaceX is booming with no close rival to Starlink, and its launch capacity dominates the world.
Galloway says SpaceX is 'busting into outer orbit,' with revenue up 161%, net income around $4.4B, and a 60% EBITDA margin. He says the rest of the world has only 8% of launch payload capacity. He personally sees nothing like Starlink, and expects competition eventually but none yet. He calls SpaceX's promise real, while also saying it is dramatically overvalued.
“SpaceX still has the promise of... The entire rest of the world has 8% of the launch payload capacity right now... I can tell you personally, there is nothing like Starlink.”at 28:03
Prof G Markets: The $3.5T Bailout: Elon's Plan To Merge Tesla And SpaceX ·
Ed Elson · Prof G MediaBullish
SpaceX could get fast-tracked into the S&P 500 through the Tesla deal, forcing index buying.
Elson reads S&P's bylaw exception for non-eligible companies that acquire index constituents and pay in stock. He says the Tesla deal would fit that exception. Once SpaceX is in the index, index funds would have to buy, which would push the price up further. He hedges that this is conspiratorial and he is open to being wrong.
“In other words, there is an exception to the rule... So I could see this turning into the grand circus act of Elon's going to acquire this company, and that way SpaceX is included in the index.”at 33:51
Prof G Markets: The $3.5T Bailout: Elon's Plan To Merge Tesla And SpaceX ·
Scott Galloway · NYU Stern School of BusinessBullish
Given Musk's track record, SpaceX will likely be added to the S&P 500 via the Tesla deal.
Galloway agrees with Elson that the stock-for-stock merger gives the S&P committee grounds to waive eligibility rules on profitability, float, and trading history. He cites JPMorgan's estimate that inclusion would create passive buying equal to about 10% of the combined company's free float, and calls that real.
“given Elon's track record, I genuinely think that that is going to happen here... JPMorgan also estimated that inclusion would create a passive buying equal to about 10% of the combined company's free float, which is real.”at 34:40
Prof G Markets: The $3.5T Bailout: Elon's Plan To Merge Tesla And SpaceX ·
Ed Elson · Prof G MediaUncertain
SpaceX will join the S&P 500 by acquiring Tesla, a backdoor into portfolios
Ed offers a hot take that SpaceX will join the S&P 500 even though it does not clearly qualify. His mechanism is that SpaceX will acquire Tesla, and that deal will become its shortcut into index portfolios. He says he hopes it does not happen but thinks it will. He admits he does not know if it will actually happen.
“I think that SpaceX is gonna join the S and P not because it actually qualifies for joining the S and P, but because it's going to take the backdoor option of acquiring Tesla”at 1:20:54
Prof G Markets: The $3.5T Bailout: Elon's Plan To Merge Tesla And SpaceX ·
Ted Mortonson · BairdBullish
SpaceX, after integrating Tesla, will become a fifth hyperscaler monopoly.
He says SpaceX, after it integrates Tesla, will be the fifth hyperscaler and go on to be a monopoly. He frames it as one of the race for the next one or two winners, with the other companies left with table scraps. He gives no specific figures for the claim, so the support is thin.
“like SpaceX after they integrate Tesla. They're gonna be the fifth, I would say, hyperscaler that is going to be a monopoly”at 25:16
Excess Returns: Baird's Tech Strategist Says This Isn't 2000. So Why Is He Warning Against Buying the Dip? ·
Ted Mortonson · BairdBullish
SpaceX is inventing new technology franchises; Starlink and laser communications are incredibly disruptive.
Ted says SpaceX is creating technology franchises that do not exist yet. Starlink is a perfect example and he finds it incredibly disruptive. Laser communication work is also incredibly disruptive. He points to SpaceX's launch capacity becoming almost like an airline, which he calls a huge advantage. He finds what SpaceX is doing really interesting.
“what SpaceX is doing on multiple levels, they're inventing technology franchises that don't exist right now. Look what they're doing, you know, with Starlink is a perfect example. I think that is incredibly disruptive.”at 55:17
Excess Returns: Baird's Tech Strategist Says This Isn't 2000. So Why Is He Warning Against Buying the Dip? ·
Craig Moffett · MoffettNathansonBearish
SpaceX building a terrestrial wireless network as fourth player lacks clearly attractive returns.
Moffett had argued satellites cannot offload much traffic, so competing well requires a terrestrial network. A terrestrial build gives SpaceX a cost structure no different from the carriers, and offloading to satellites loses its advantage once the network exists. He is puzzled why SpaceX would enter as the fourth player, since the return is not clearly attractive. He adds that subsidised handsets and a long startup phase would keep cash flow negative for a long time.
“I'm trying to figure out what is it that makes you want to be in this business as the fourth player. Because... It's it's just not clear that there's an attractive return here.”at 25:07
CNBC Closing Bell: Closing Bell Overtime: Markets Search for Opportunity After a Wild Week 10/23/26 ·
Oliver Renick · CNBCNeutral
SpaceX options look cheap: its volatility has halved and it trades largely independently of big tech.
Renick says SpaceX has held steady near $1.45 for about two months even though the market has been volatile. Its 60-day correlation with the Nasdaq 100 is 0.6 and with the S&P 500 is 0.4, so it trades fairly independently of big tech. SpaceX's volatility is now half what it was three months ago while index volatility has risen. He concludes that SpaceX options look very cheap, and big-money traders are selling options in both directions to bet the stock stays stable.
“SpaceX vol is now half what it was three months ago, while index vol for stocks has gone up. So it's options for SpaceX that arguably look very cheap.”at 41:12
Steve Eisman · The Real Eisman PlaybookBearish
SpaceX's massive capex plans will turn it into a cash drain needing large capital raises.
Eisman calls SpaceX's quarterly results strong, with SI revenue up 161% and profitability turning positive, but he is concerned about capex. Quarterly capex was $29.6 billion, up 185% quarter over quarter. Management signals large further plans, including a $100 billion Starbase Louisiana budget and capex for Grok models and data centers. Starlink, once a cash cow, now faces competition from carriers such as T-Mobile and is becoming a cash drain. Eisman expects SpaceX to need multiple billions in new capital, a large number he cannot yet size. He also says CoreWeave's funding stress shows the environment for raising AI capital has worsened, so SpaceX's cost of capital has risen and could become a major future problem.
“My concerns about SpaceX are not this quarter's results, It's the CAPEX. ... SpaceX is going to have to raise multi billions in capital. How much? I don't know yet but it's a huge number.”at 10:34
The Real Eisman Playbook: AI Narrative Switched, Debt Yields Spike | The Weekly Wrap ·
George Noble · Noble Capital AdvisorsBearish
SpaceX is massively overvalued at over 100x sales; a short that will prove hugely profitable.
George says SpaceX trades at roughly 100 to 120 times sales, with a market cap above $2 trillion. He values Starlink at about $300 to $400 billion and the rocket business at a few tens of billions, so the rest is a cash-flow-negative AI bet that the market cannot justify. He adds that a large share unlock is coming, and that a company valued this high cannot grow into its valuation. He calls the proposed SpaceX-Tesla merger committee 'happy talk' and says a SpaceX short will be hugely profitable over time.
“I think the fullness of time shorting SpaceX is going to be hugely profitable.”at 30:44
Monetary Matters: "Coreweave's a Zero" | George Noble on Why He's Short Neoclouds, Why AI is a Shale 2.0 Bubble Headed for Debt/Depreciation Brick Wall, and Why He's "Coming For The Momentum Bros" ·
George Noble · Noble Capital AdvisorsBearish
SpaceX is the grossest overvaluation he has seen; he is short it.
He compares SpaceX's valuation with what its reported earnings would support. Annualising Jack Farley's quarterly figures (roughly $5bn adjusted EBITDA and $431m GAAP superintelligence revenue) gives about $20bn, far below the roughly $2.2 trillion valuation he cites. He argues the valuation is a sum-of-the-parts fantasy and that it is fuelled by irresponsible monetary policy. He says he is short SpaceX and has lost money on it.
“...this is like the biggest, this is the grossest overvaluation at scale I've ever witnessed in my life, all fueled by irresponsible monetary policy.”at 42:23
Monetary Matters: "Coreweave's a Zero" | George Noble on Why He's Short Neoclouds, Why AI is a Shale 2.0 Bubble Headed for Debt/Depreciation Brick Wall, and Why He's "Coming For The Momentum Bros" ·
George Noble · Noble Capital AdvisorsBearish
SpaceX trades at absurd multiples; investors buy the story at a price-to-sales of 200.
Noble says many investors buy space exploration as a story without knowing what they own. They buy SpaceX at a P/E of one and a price-to-sales multiple of 200. He calls this madness and says normalising at 50 times revenue would show the market is broken, with too much money chasing narratives.
“Oh, space exploration is cool. SpaceX is the future. But they're saying that when the stock's on a PE of one, price of sales of 200. Like it's madness.”at 1:22:36
Monetary Matters: "Coreweave's a Zero" | George Noble on Why He's Short Neoclouds, Why AI is a Shale 2.0 Bubble Headed for Debt/Depreciation Brick Wall, and Why He's "Coming For The Momentum Bros" ·
Stephanie Link · Hightower AdvisorsBullish
SpaceX's strong quarter and AI revenue growth show the story is just getting going.
She describes SpaceX's quarter as phenomenal: total revenue up 161%, led by AI revenue up 754%. Capacity grew 22% sequentially, which gives great visibility, and guidance rose 50% relative to expectations. She says the story is just getting going and she likes both the story and the stock move, backing a double upgrade.
“It was a phenomenal quarter. They have phenomenal momentum. Total revenues of a 161%, led by AI total revenue growth of 754%.”at 35:43
CNBC Halftime Report: Shifting Sentiment and Sliding Semis: The Investment Committee's Strategy 10/23/26 ·
Steve Grasso · Grasso Global Inc.Bullish
SpaceX will shake up many industries, with its satellite permit filings signalling a major disruption.
Grasso says SpaceX is going to shake up many industries. He points to the scale of its satellite permit filings, saying he often cites about a million permits, and expects many industries to be disrupted. He adds that the disruption is not showing up yet, and that the 80,000 cell-site talks with Crown Castle are not yet hurting incumbents.
“I mean, this is a stock that is going to really shake up a lot of different industries. And when you start to see the permits that are out there, I often state that a million permits that they're actually filing for for satellites.”at 38:01
CNBC Fast Money: Tech Tumbles In Market Sell-Off… And Moderna’s Meltdown After Data Leak 10/22/26 ·
Josh Brown · Ritholtz Wealth ManagementBullish
SpaceX will win the AI data center race because it is likely the best builder in the space.
Josh argues that the right to the economics of AI goes to whoever can build out data centers at the lowest cost and fastest pace. SpaceX is the company he thinks will win that race, since it is possibly the best builder in the space. He cites its recent announcement of 10 gigawatts, which earned it credit, and the roughly $20 billion of contracted revenue per gigawatt.
“We know SpaceX is gonna win. They might be the best builder in the space.”at 7:47
CNBC Halftime Report: The AI Race Deepens as Access to Capital Shrinks: Your Next Move 10/22/26 ·
George Noble · Noble Capital AdvisorsBearish
SpaceX is the most overpriced large company ever; the valuation is about 100 times revenue.
He says a market cap of about $2.2 trillion means the revenue beat, whether $40 billion or $60 billion, does not matter. He compares it to Scott McNealy's warning about buying companies at 10 times revenue, saying this one trades at about 100 times revenue, and 'you can't get from here to there'. He also flags a large unlock of more than a billion shares in the next week or two as a risk.
“I think SpaceX is the most over... Egregiously overpriced company at scale in history of capital markets.”at 10:01
Bloomberg Surveillance: Capital Costs Rise as Markets Eye Midterms ·
Karim Bousta · DVx VenturesBullish
SpaceX has a proven cash engine in Starlink and compute rental, unlike Tesla.
Unlike Tesla, SpaceX has shown it can build a cash-generating engine. Starlink, together with renting out compute, generates billions of dollars every quarter. That money is what makes SpaceX a useful funding source for Tesla in a combination, which is the main financial argument for a merger.
“unlike Tesla, SpaceX has demonstrated that they are creating this cash generating engine, Starlink... the ability to rent compute and generate billions of dollars every quarter.”at 10:55
George Noble · Noble Capital AdvisorsBearish
SpaceX has a big cash flow problem and the fund is short.
Noble lists SpaceX as one of the fund's shorts and says it, like Tesla, has a big cash flow problem. He says the fund doubled down on space after SpaceX dipped and then rebounded, which suggests the position is being maintained. The argument rests mainly on the cash flow claim, with no detailed figures.
“SpaceX has got a big cash flow problem. Tesla's got a big cash flow problem.”at 4:15
The David Lin Report: Tech Stocks Going To ZERO: 'The Whole Thing Is Going To Collapse' | George Noble View test report Edit title ·
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