SpaceX enters public orbit
6/12/20267 min
SpaceX (SPCX), a record rocket ride? (00:16) Adobe's (ADBE) reward? A selloff. (02:50) Trump sees a deal. (03:57)
Episode transcripts seekingalpha.com/wsb.
Show links:
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Transcript preview
First 90 secondsJulie Morgan· Host0:00
[instrumental music] Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It's good to have you here on this final day of the trading week. Today is Friday, the 12th of June. I'm Julie Morgan. Today's the day. SpaceX will begin trading on NASDAQ and NASDAQ Texas under the ticker symbol SPCX. We caught up with an analyst as well as Seeking Alpha's quant guy, Steven Cress, to find out what they had to say about what is expected to be the largest IPO in history. We'll start with Steve, who praised Elon Musk and all that he's done professionally thus far.
Steven Cress· Soundbite0:39
But at the end of the day, when I look at a company, I look at those five core investment characteristics. I look at growth, I look at value, I look at profitability, I look at analyst revisions, and I look at the stock's momentum. And if a stock doesn't tick those boxes for me, I'm most likely not gonna be in it.
Julie Morgan· Host0:56
So when it comes to SpaceX...
Steven Cress· Soundbite0:58
Uh, SpaceX, I think they're gonna have, like, 18 billion in revenues, which, you know, for a large company, is actually pretty small in terms of revenues, and they have negative earnings, so they're not even earning money at this point. So it probably will come, but this is not the point. You know, if I have to compare it to my portfolio and the criteria and parameters I look for, it probably wouldn't cut it.
Julie Morgan· Host1:19
David Keller from Market Misbehavior said this one is a game changer.
David Keller· Soundbite1:24
The fact that indexes like the NASDAQ are changing their listing requirements