Elon Musk’s SpaceX is shaping up to be the biggest IPO of all time.
Dr. Mark Skousen believes he knows something about it that most investors don't, which is how to get a stake before it goes public with a “SpaceX Pre-IPO Play.”
The Teaser
Fortunes that change lives aren't made after a company goes public, they're made early.
In his nearly half-century of experience as an economist and unlikely angel investor, Mark Skousen has learned a thing or two about getting rich. Including that it's not what you know. It's who you know.
Nowhere is that more true than in pre-IPO investing.
We have previously reviewed Mark's “Dark Lithium” Micro-Cap Company and “America's #1 Stock Pick” teasers, which produced some decent picks
This one will hopefully provide the same substance.
It starts with Mark telling us how his connections have helped make him a fortune and that unlocking the same opportunities for his “friends” has now become his mission.
A humble brag to soften us up for his pitch later.
The opportunity being promoted, a pre-IPO stake in SpaceX, is currently only available to accredited investors ($1 million net worth or annual net income above $200k) on secondary marketplaces, where some insiders are making shares available.
However, that's not what Mark is teasing.
Instead, it's a backdoor way to invest in SpaceX via an already publicly-traded business, whose ticker symbol he promises to reveal.
It's not quite the same as getting access to the same deals billionaires use to build their fortunes, but it's better than being the bid liquidity when shares first start trading.
The bigger question we should be asking is, do we even want to own SpaceX stock? And is it a legit chance to transform our financial future or are we catching a potential falling knife.
The Pitch
The ticker symbol, the minimum investment required, and everything we need to know is revealed in a report called “The Ultimate SpaceX Pre-IPO Play: Get In Before The Big Launch.”
All we have to do is take a no-risk trial of Mark's research newsletter, The Skousen Report, and it's ours.
The regular going-rate is $249 for a full year, but for a limited time this is being lowered to $99, with a 365-day money-back guarantee.
Three Multi-Billion Dollar Businesses in One
Mark does a decent job of pitching SpaceX stock to us, like an IPO roadshow salesman.
It centers on SpaceX essentially being three hyper-growth businesses under one roof.
The Launch Division
To many, SpaceX is rockets sent into space for NASA, the Pentagon, and private companies.
It's true, SpaceX has launched and successfully landed more than 500 rockets into space. No other company comes close.
This division brings in over $4 billion a year and will bring in even more once next-generation, heavy-lift reusable rockets like Starship make up the majority of launches.
However, less than one-third of total revenue comes from rocket launch services.
The AI Division
More than an answer to OpenAI's ChatGPT, the recently merged xAI has a couple of competitive advantages.
First, xAI owns owns X (Twitter), giving it access to one of the largest real-time data streams on the planet.
Second, it intends to use SpaceX capabilities to build AI infrastructure in space.
Elon claims it makes more financial sense than building energy-constrained data centers on earth.
I actually think that the cost of deploying AI in space will drop below the cost of terrestrial AI much sooner than most people expect. I think it may be only two or three years.
Interesting to debate, but xAI currently generates less than $4 billion in annual revenue, while burning through more than $10 billion in cash.
The Satellite Division
This should really be renamed to the cash cow division.
Starlink makes up more than half of SpaceX's total revenue and some reports suggest that it is now profitable.
It has more than 7,000 low-earth orbiting satellites in space, which is 7x it's closest competitor, and around 10 million active subscribers.
All told, these three divisions combine for $15-16 billion in annual revenue as of fiscal 2025 and have longer runways for growth than an international airport.
It makes for a compelling story, so it's easy to see why one would want to gain exposure to Elon’s Mega-company before it's historic IPO.
Revealing Mark Skousen's SpaceX Pre-IPO Play (and more)
Mark believes April 20th is the date Elon will formally announce SpaceX's IPO.
This is based on an apparent obsession with 420, giving us a narrow window to in-directly buy into SpaceX at a pre-IPO valuation via Mark's top pick: Ark Venture Fund (Nasdaq: ARKVX).
SpaceX stock is the closed-end fund's largest holding, accounting for 17% of all holdings.
However, Mark didn't stop there.
He's also identified “three smaller companies directly tied to SpaceX's success” and left some telling clues about each.
The SpaceX Launch Partner
- This company handed Elon Musk around $500 million to launch their entire satellite constellation into orbit.
The company is Iridium Communications Inc. (Nasdaq: IRDM).
- In June 2010, Iridium and SpaceX signed a $492 million launch services deal for their next-generation satellite constellation, Iridium NEXT.
The Starlink Chip Maker
- This global semiconductor powerhouse co-designs and manufactures the chips that power Starlink satellites and consumer dishes.
A quick lookup says this is STMicroelectronics N.V. (NYSE: STM).
- Starlink and ST have a long-standing partnership whereby Starlink satellites are co-designed by ST engineers and manufactured in ST fabs.
The Starlink Distribution Partner
- This last pick has locked in a deal to distribute Starlink's managed services to enterprise and government clients.
Multiple businesses fit this description, but Comcast Corp. (Nasdaq: CMCSA) is the most significant, as it integrates Starlink into it’s enterprise managed connectivity services.
Make Mega-Bucks with Elon's Mega-Company?
There's a lot to love and hate about SpaceX.
On one hand, it could be the leader of multiple high-growth industries, namely space infrastructure and satellites.
On the other, we would be paying through the nose for the privilege of owning a piece of it.
Word on the street has it that SpaceX is targeting a $1.75-$2 trillion valuation. This is for a diverse business with around $16 billion in annual revenue and $7-$8 billion in gross profits, all of which came from the Starlink cash cow division.
If we were to buy into the Ark Venture Fund now, it would get us in at a slightly lower valuation of $1.4 trillion or so, but this would still mean paying an unheard of multiple of 220-250x current earnings.
The best comparison I can think of is Google's (Alphabet) 2004 IPO, which was for a market-leading business in a single vertical, and carried a multiple of over 30x earnings.
At the other end of the spectrum, one of Mark's other potential picks, Comcast, has a going out of business valuation of a little more than 5x current earnings.
If you have your heart set on owning SpaceX stock, do it at the lower valuation through a fund like ARKVX and don't sleep on Comcast as a value play.
Quick Recap & Conclusion
- Dr. Mark Skousen believes he knows something most investors don't, which is how to get a stake in the biggest IPO of all-time before it goes public with a “SpaceX Pre-IPO Play.
- The investment case for SpaceX is it's industry-leading position in space, satellites, and the mega-growth potential of both.
- The best way to get a stake in it now is only revealed in a report called “The Ultimate SpaceX Pre-IPO Play: Get In Before The Big Launch.” To get, we need a subscription to Mark's research newsletter, The Skousen Report, which costs $99 upfront for the first year (normally $249).
- Mark's “SpaceX Pre-IPO Play” is Ark Venture Fund (Nasdaq: ARKVX) and we also revealed three more companies directly tied to SpaceX's success, Iridium Communications Inc. (Nasdaq: IRDM), STMicroelectronics N.V. (NYSE: STM), and Comcast Corp. (Nasdaq: CMCSA).
- ARKVX is a way to buy into SpaceX at a slightly lower valuation today and Comcast also stands out as a contrarian value play.
Will you be buying SpaceX's upcoming IPO? Leave a Yes or a No in the comments.
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