Delta Investments Podcast

SpaceX IPO & Impact on the Space Industry

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]

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]

Can Oscar Health Transform the way we look at Healthcare?

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Polymer Power: Lightwave Logic's AI Play

In this episode, we dive into the massive momentum building behind Lightwave Logic (LWLG). Following a fresh 52-week stock high and a major update to their capital strategy, we explore why electro-optic polymers are moving from "experimental tech" to the backbone of the AI data center. We break down the technical breakthroughs of the Perkinamine® platform and what investors should watch for as we head toward the May shareholder meeting. Key Discussion Points: Breaking the 1-Volt Barrier: Why the industry is buzzing about Lightwave’s ability to run high-speed modulators at ultra-low voltage and how this solves the "power wall" in AI infrastructure. Foundry Milestones: A look at the strategic integration with Tower Semiconductor and GlobalFoundries. We discuss how these partnerships move the tech from the lab to the fab. The Road to 1.6T: How Lightwave’s polymers are positioning the company to dominate the transition to 1.6 Terabit networking speeds required by next-gen AI clusters. Featured Headlines “Lightwave Logic Sets New 52-Week High as AI Demand Surges” “Silicon Photonics Integration: The Tower Semiconductor Deal Explained” Get full access to Delta Investments at deltainvestments.substack.com/subscribe [https://deltainvestments.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4]

From Seabed Mapping to Mine Countermeasures: Kraken Robotics ($KRKNF) Is Changing the Game!

In this episode, recorded on April 1st, 2026, we dive into how Kraken Robotics is evolving from a specialized component manufacturer into a dominant tier-one subsea technology prime following its transformative $615 million acquisition of the Covelya Group. We explore the strategic impact of this deal, which integrates Kraken’s industry-leading sensors and power systems with Covelya’s world-class navigation, positioning, and underwater communication technologies.The discussion covers the powerful macro drivers fueling Kraken's growth, including geopolitical tensions accelerating naval modernization and the urgent need to protect critical underwater infrastructure like pipelines and fiber-optic cables. We also take a close look at Kraken's core technological innovations, such as the KATFISH™ high-speed towed vehicle for ultra-high-resolution seabed mapping and SeaPower™ pressure-tolerant batteries that enable deep-sea operations up to 6,000 meters.Finally, we analyze Kraken’s record-breaking financial trajectory, highlighted by 60% revenue growth in Q3 2025 and an expected combined 2025 revenue of approximately $365 million. With a robust sales pipeline exceeding $2 billion, we examine whether Kraken can successfully integrate its global operations to capitalize on the multi-year "Seabed Warfare" cycle.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])#kraken  #Lidar #PhysicalAI #KRKNF #Earnings #Autonomy #Robotics #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]