SpaceX, Starlink, and the Era of Capital-Intensive IPOs
In this episode of Mostly Growth, the number one podcast in product monetization, CJ and Kyle break down SpaceX’s potential $1.5T IPO, Starlink’s subscription engine, xAI’s cash burn, and why the next wave of mega-IPOs could pull hundreds of billions out of the market. The question isn’t just whether SpaceX is worth it. It’s who has to fund the bet.
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SPONSORS:
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LINKS:
Mostly Metrics: https://www.mostlymetrics.com [https://www.mostlymetrics.com]
CJ on LinkedIn: https://www.linkedin.com/in/cj-gustafson-13140948/ [https://www.linkedin.com/in/cj-gustafson-13140948/]
Growth Unhinged: https://www.growthunhinged.com/ [https://www.growthunhinged.com/]
Kyle on LinkedIn: https://www.linkedin.com/in/kyle-poyar/ [https://www.linkedin.com/in/kyle-poyar/]
Slacker Stuff: https://www.slackerstuff.com/ [https://www.slackerstuff.com/]
Ben on LinkedIn: https://www.linkedin.com/in/slackerstuff/ [https://www.linkedin.com/in/slackerstuff/]
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TIMESTAMPS
0:00 SpaceX IPO at $2T?
0:57 Topic framing: the everything's-confidential S1
3:18 What SpaceX is: rockets, Starlink, xAI, X
6:42 Launch services: $4B, reusable rockets
7:03 Rideshare pricing: $350K, transparent pricing
8:26 Launch is a loss leader for Starlink
8:30 Starlink: $10B and 63% EBITDA margins
10:20 Sponsors — Lightfield | beehiiv | Tabs
13:20 Starlink plans: residential vs. roam
15:45 10M subscribers, path to 20M
16:26 X/Twitter and xAI: $5B, burning $1B/month
18:40 Data centers in space: the AI thesis
20:05 IPO process and Morgan Stanley
20:51 $1.75T valuation: Comcast in space
21:14 Will SpaceX buy Tesla?
22:26 Bundling vs. unbundling: why it works here
25:05 Forward multiple: 50–70x
27:35 S&P 500 inclusion boost
28:32 30% retail allocation: meme stock?
30:22 Credits
#MostlyGrowthPodcast #IPO #SpaceX #GrowthStrategy #Investing
