The Only SpaceX IPO Video Investors Need to Watch

Felix & Friends (Goat Academy)•Jun 1, 2026

Summary

Felix provides a deep dive into the SpaceX IPO, focusing on an SEC filing that outlines a $28.5 trillion total addressable market (TAM). This market is divided into space launches ($370 billion), Starlink connectivity ($1.6 trillion), and a massive AI sector ($26 trillion). He highlights that $22 trillion of this is focused on B2B corporate applications, where SpaceX intends to compete by building space-based data centers that benefit from free solar energy and natural cooling in the vacuum of space.

Felix explains why SpaceX will likely avoid the 'IPO curse' seen with companies like Uber or Rivian. He cites three structural reasons: insiders will use Securities-Backed Lines of Credit (SBLOC) to borrow against shares instead of selling to avoid a 33% tax hit, Elon Musk has voluntarily locked his shares for a full year, and recent Nasdaq rule changes will force index funds like the QQQ to buy SpaceX within 15 days of its listing. Felix notes that if the float is under 20%, the Nasdaq will actually triple the stock's index weighting, creating a 'structural squeeze.'

Regarding valuation, Felix mentions that while the IPO is expected at $1.75 trillion, Elon Musk's compensation package only fully unlocks at a $7.5 trillion market cap. This suggests that the leadership views the $2 trillion mark as a floor rather than a ceiling. Felix also identifies several companies within the SpaceX supply chain and broader semiconductor industry that are positioned to benefit from this growth.

RDW (Redwire): Felix notes that this stock has already surged 163% since he first mentioned it, but he still views it as a vital player in the space supply chain. He advises investors to look for entry points only on pullbacks due to the recent rapid run-up. It represents the 'picks and shovels' play for the burgeoning space economy.

TSM (TSMC): Felix identifies TSMC as a critical beneficiary because they will manufacture the advanced 'AI 5' chips required for SpaceX's data centers. He describes the company as the most dominant semiconductor manufacturer in the world. Their proximity to packaging partners makes them a central pillar of the space-AI hardware strategy.

INTC (Intel): Felix argues that the shift toward 'agentic AI' is bringing demand back to CPUs, where Intel holds a near-monopoly. Despite the stock being 'left for dead' for a decade, he believes it is seeing its first leg of a recovery. Intel’s role in the hardware infrastructure for complex AI tasks makes it a strategic play.

AMKR (Amkor): Felix highlights this as a 'boring' but essential play in chip packaging, specifically noting their new facility near TSMC in Arizona. This proximity indicates a reorganization of the supply chain to support advanced hardware like that used by SpaceX. It is a fundamental component of the semiconductor ecosystem that many investors overlook.

QQQ (Invesco QQQ Trust): Felix recommends this index as the most reliable way for retail investors to capture the SpaceX 'squeeze.' Because the Nasdaq will be forced to buy SpaceX shortly after the IPO, QQQ holders will automatically gain exposure. He considers this the best 'honest' play for beginners who want to avoid the risks of timing a single IPO listing.