Episode summary
Dylan Jovine | BREAKING SpaceX News!
Summary
Dylan Jovine says SpaceX is targeting a public filing around June 12 and would trade under the symbol SPCX, though he cautions the date is not final. He frames the news as a major market event and uses it to highlight the scale of Starlink, which he says generated $11.4 billion in 2025 revenue and is larger than the next seven satellite competitors combined.
He argues that the satellite boom is tied to modern warfare and great-power competition, especially the U.S. race with China. In his view, drones, satellite links, and real-time data sharing are becoming central to conflicts in Ukraine and Iran, and the side that can move and process information fastest will have the advantage.
Dylan also teases a private company he says will be discussed in a webinar the next day. He says it compresses satellite and drone data, and claims it already has partnerships with Nvidia, Viasat, Intel, HPE, Ericsson, and U.S. Space Command. He presents it as a way to get exposure to a foundational defense-and-networking theme at an earlier private-stage valuation.
Key takeaways
- Dylan says SpaceX is aiming for a June 12 public filing and would trade as SPCX, though he notes the date could change.
- He says Starlink generated $11.4 billion in 2025 revenue, larger than the next seven satellite competitors combined.
- Dylan argues satellites matter because drone warfare and military coordination now depend on moving data faster than an opponent.
- He says a private software company in the defense chain already has partnerships with Nvidia, Viasat, Intel, HPE, Ericsson, and U.S. Space Command.
- Dylan frames speed as the decisive advantage in modern warfare and ties that thesis to satellite communications and data compression.
Notable quotes
“The filing aims for June 12th. Just mark that on your calendars. That's not set in stone yet”
“Starlink is as big as the seven other leading satellite competitors combined”
“In 2025, Starlink did 11.4 billion in revenue”
“the country that gets that faster is the country that wins”
“This is a company that is right in the middle of it”
How the episode opens
Good morning. This is Dylan Jovaneau behind the markets, happy Monday. Today is Monday, May 25th.
Oh my goodness, 25th already. Great news, we finally got the ticker symbol for SpaceX when it comes public. The filing aims for June 12th.
Just mark that on your calendars. That's not set in stone yet. It could be a different day, but it looks like the target date for now.
And the symbol of SpaceX will trade under the call symbol SP C X. Uh Sam, Paul, Charlie, X-ray. Sam, Paul, Charlie, X-ray.
And what's really interesting is I've just been thinking about the growth of the satellite industry alone. I started to dig in a little bit. Why is satellite such a big deal all of a sudden?
We've had a lot of this technology and I started to dig in to see where Starlink, which is SpaceX's the satellite company, is on the list and Starlink is as big as the seven other leading satellite competitors combined. Okay? In 2025, Starlink did 11.4 billion in revenue.
Now, Viasat, which was the dominant one in the industry, is second with 4.6 billion in revenue. SES is 2.9 billion. EchoStar, their satellite division, is 1.4 billion.
Eutelsat is 1.2 billion. Iridium 872 million. Globalstar is 273 million.
AST SpaceMobile is 71 million.
So, this is like how the industry looks and it begs the question, why is satellite such a big thing now? Why is it growing so much? And what's really driving this?
Where basically a company like SpaceX can launch Starlink and basically be as double the size of the industry. Basically, where's all this demand coming from? It helps to put it in the context of warfare.
We focus on warfare a lot. You know, as a classical historian, I'm always focused on great power competition.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- spacex ipo
- starlink revenue growth
- satellite communications
- ai-driven military systems
- us china space race
Companies and tickers mentioned
- NVDA
- INTC
- VSAT
- ERIC
- HPE
- SpaceX
- Starlink
- Nvidia
- Intel
- Viasat
- Ericsson
- HPE
Watch the episode
Watch “Dylan Jovine | BREAKING SpaceX News!” on YouTube
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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