This IPO Could Make SpaceX Look Small (Read before June 16)
A red-hot AI startup just filed to go public — and it's already valued at nearly $1 trillion. Wall Street legend Marc Chaikin believes a single announcement on June 16 could send that number far higher. He's found a backdoor way in before the IPO. Get the details before June 16.
The Blue Origin Explosion Is a Setback for Amazon, Not a Dealbreaker
Submitted by Sam Quirke. Published: 6/4/2026.
Key Points
- A Blue Origin rocket explosion last week damaged the launchpad and set back Amazon's satellite rollout, sending the stock lower.
- Analysts continue to back the company, and the broader investment case remains firmly intact.
- With Amazon's broader business firing on all cylinders, the dip looks more like an opportunity than a warning sign.
- Special Report: Elon Musk: This Could Turn $100 into $100,000
Late last week, a Blue Origin rocket exploded at Cape Canaveral just days before it was due to launch a batch of Amazon.com Inc’s (NASDAQ: AMZN) low-Earth-orbit broadband satellites, seriously damaging the launchpad in the process. The market reaction in the days since has been predictable.
Even as the broader indices have notched fresh highs, Amazon’s stock has been selling off, and the narrative around its satellite ambitions has taken a hit. The more important question, though, is whether the market’s reaction was proportionate to what the explosion actually means for Amazon’s prospects. There’s a strong argument that it was not.
Before SpaceX goes public, watch this tiny supplier closely (Ad)
When the railroads launched in the 1860s, Andrew Carnegie didn't profit by riding the trains - he got rich owning the steel rails they ran on. The same dynamic may be playing out today around the anticipated $1.75 trillion SpaceX IPO.
Analyst Michael Robinson has identified a tiny, under-the-radar supplier - just 1/60th the size of SpaceX - that he believes sits at the center of Elon Musk's broader AI infrastructure buildout. Once SpaceX goes public this June, Robinson argues Wall Street will inevitably spotlight this overlooked vendor.
Watch Robinson's presentation and see the details before the IPO window closesWhile the optics of a rocket exploding aren’t exactly great, the financial impact on Amazon’s bottom line is minimal, and the core investment case remains firmly intact.
For investors looking to get into Amazon at a more attractive price, this may be precisely the moment. Let's take a closer look below.
What the Explosion Actually Means for Amazon’s Plans
Amazon’s Project Kuiper, now known as Leo, is the company’s initiative to deliver global broadband access through a constellation of more than 3,000 satellites. It’s arguably one of the cooler and more exciting growth streams in the company’s business today, and the practical consequences of last week’s disaster shouldn't be dismissed entirely.
Initial indications suggest it will take some time to repair the launchpad, which will affect the project’s broader deployment timeline. That matters because Amazon’s big rival in this venture, SpaceX's (NASDAQ: SPCX) Starlink, is already significantly further ahead in the global satellite broadband race, and any additional delay only widens the gap in a market where satellite density determines service quality.
But it's worth keeping perspective on what this actually represents within the broader Amazon investment case right now. Leo is a long-term play, not a near-term earnings driver, and so the timeline slipping by a couple of quarters isn’t going to be a major needle mover in the grand scheme of things. In that context, the current sell-off, while understandable as a reflex reaction, is less rational than it first appears.
The Core Business Has Never Been Stronger
The core pillars of Amazon’s business continue to operate from a position of supreme strength. This is particularly true for AWS, which remains the world's leading cloud platform. It’s been growing at a remarkable rate for a business of its scale and is increasingly central to the AI infrastructure buildout that is reshaping enterprise technology spending globally.
Amazon has committed more capital to AI infrastructure than almost any other company, a bet that is starting to pay off through accelerating cloud demand and a deepening relationship with Anthropic that goes far beyond a simple equity stake.
This relationship with Anthropic is worth emphasizing, as the latter has committed to spending more than $100 billion on AWS over the coming decade, a commitment that not only translates directly into high-margin cloud revenue but also cements Amazon’s positioning of AWS as the go-to architecture for AI hyperscalers.
Valuation Makes the Dip Hard to Ignore
Valuation is where this buy-the-dip argument gets even more compelling. The recent slide has sent Amazon's price-to-earnings (PE) ratio below 30, one of its lowest readings of the past decade. For a business with AWS's growth trajectory, a track record of delivering results, and a diversified revenue base spanning cloud, retail, advertising, and satellites, that multiple looks pretty attractive.
The analyst community appears to agree and is also leaning into the buy opportunity. Over the past week alone, the likes of Citi, Jefferies, and Truist Financial all reiterated Buy or equivalent ratings on the stock, with fresh price targets ranging up to $320. From where Amazon is currently trading, that’s almost 25% in targeted upside—not bad for a $2.7 trillion stock.
The consistency of bullish conviction across the broader analyst base, maintained despite last week’s rocket explosion, also says something important. While the price action is saying this might be the time to sell, the analysts are saying, louder than ever, that it’s actually the time to buy.
Amazon has faced setbacks before and has a long track record of absorbing them while continuing to deliver value for patient shareholders. The Blue Origin explosion is an inconvenient chapter in the broader story, but it’ll eventually be just one paragraph in a much longer book. What’s important for those of us weighing the opportunity is that the rest of that book looks as compelling as ever.
Rocket Companies Turns Around, But Mortgage Risk Remains
Submitted by Peter Frank. Published: 5/26/2026.
Key Points
- Rocket returned to profitability as acquisitions and improving housing activity strengthened results.
- AI tools and platform expansion are helping Rocket build a broader home-finance ecosystem.
- Rocket’s future remains closely tied to housing demand and mortgage market conditions.
- Special Report: Elon Musk: This Could Turn $100 into $100,000
Rocket Companies (NYSE: RKT) has pulled off a dramatic financial turnaround thanks to the company’s strategic reinvention and improving conditions among homebuyers. Whether mortgage rates and the housing market continue to cooperate may determine whether potential investors will also be buying.
That’s a far cry from where the Detroit-based mortgage giant stood a year ago, when it was battling losses and squeezed between high interest rates that were slowing the housing market and the cost of two major acquisitions.
Before SpaceX goes public, watch this tiny supplier closely (Ad)
When the railroads launched in the 1860s, Andrew Carnegie didn't profit by riding the trains - he got rich owning the steel rails they ran on. The same dynamic may be playing out today around the anticipated $1.75 trillion SpaceX IPO.
Analyst Michael Robinson has identified a tiny, under-the-radar supplier - just 1/60th the size of SpaceX - that he believes sits at the center of Elon Musk's broader AI infrastructure buildout. Once SpaceX goes public this June, Robinson argues Wall Street will inevitably spotlight this overlooked vendor.
Watch Robinson's presentation and see the details before the IPO window closesNow, those acquisitions are paying off, and the housing market, though still highly volatile, has positioned the company to benefit from any upswing.
Rocket’s Financial Turnaround Gains Momentum
For the first quarter of this year, Rocket reported total revenue of $2.94 billion, nearly triple the $1.1 billion it posted in the same quarter last year. Net income swung from a loss of $212 million to a profit of $297 million. Mortgage closings more than doubled, reaching $44.7 billion in loans.
The numbers look just as strong on an adjusted basis, a measure that strips out volatile swings in the valuations of mortgage servicing rights and offers a clearer view of underlying business performance. Adjusted revenue climbed to $2.82 billion from $1.36 billion a year earlier, also beating expectations. Adjusted net income soared above analysts’ expectations to $422 million, or 15 cents a share, from just $80 million. For the full year 2025, Rocket generated $6.86 billion in adjusted revenue and $628 million in adjusted net income, with adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $1.28 billion.
Liquidity is also solid. Rocket ended the first quarter with $9.4 billion in total available liquidity, including $2.7 billion in cash. Those funds could come in handy as the company invests in technology, weathers market volatility, and continues returning capital to shareholders.
Rocket Reinvents Its Business Model
Today’s Rocket is not yesterday’s company. It is still a mortgage originator that sells those loans on the secondary market and keeps the servicing rights for a fee. But the cyclicality of the market has pushed it to rethink its model.
The company made its name as Quicken Loans, an online mortgage originator that disrupted the traditional model by letting Americans apply for home loans from their couches. When it went public as Rocket Companies in 2020, it rode a refinancing boom fueled by pandemic-era interest rates near zero.
Then rates rose sharply, refinancing dried up, and Rocket’s revenue cratered. The company spent 2023 and 2024 restructuring, instituted massive cost reductions, and made two strategic bets. It bought Redfin, an online real estate brokerage, in July 2025. It then closed on Mr. Cooper, one of the country’s largest mortgage servicers, in October 2025.
The decision is paying off faster than expected. By the end of March, more than half of the combined mortgage servicing portfolio had migrated onto a unified platform. The $400 million in cost synergies that the company projected by the end of 2027 are now on pace to be realized a full year early.
AI and Acquisitions Expand Rocket’s Reach
The company has also deployed AI tools that automate early-stage outreach and customer qualification. In addition to improving efficiency, conversion rates from inquiries to loans improved by double digits. Rocket estimates its AI tools added about $1 billion in incremental loan volume per month in the first quarter, building on similar gains in the prior three months.
Combined with Redfin’s platform and Mr. Cooper’s servicing book of 9.4 million loans with a servicing portfolio of $2.1 trillion, Rocket is now helping homebuyers find a home, finance it, service the loan, and remain customers for future transactions. Higher-margin products are also growing, with home-equity and jumbo loans more than doubling year over year.
Mortgage Cycles Still Create Risks
So, given its progress, what could go wrong? Rocket is still a mortgage company. If long-term interest rates rise or housing affordability falls, home originations could drop sharply. It has happened before. And if rates fall and homeowners refinance, the value of those assets drops, leading to GAAP results that look even worse. For its part, acquisition costs and volatility in mortgage servicing rights contributed to a net loss of $234 million for 2025, equal to 5 cents per share, under GAAP guidelines.
Also, the planned integrations, though apparently going well, are never settled until they are complete. Migrating millions of customer accounts onto new technology systems and rolling out an ambitious AI strategy always carry inherent risks.
Wall Street Sees Potential Upside
These competing realities—a reinvented company and a volatile market—have been reflected in its stock price.
Rocket shares hit a 52-week high above $24 in January but are now around $14 currently, tracking sentiment in the housing industry as a whole. Wall Street analysts have an average 12-month price target of around $21, implying substantial upside, and the consensus rating is a Moderate Buy. Analysts are evenly split, with nine assigning a Buy rating while nine suggest Hold.
For investors willing to accept cyclical risk, Rocket is a serious contender when the next housing-finance upcycle comes. Its synergies, AI integration, and liquidity are attractive. And though the company does not pay a regular dividend, it does issue special payouts.
Still, the housing market can be fickle, and companies tied to it ride along with its fortunes. If investors want stability, predictability, and steady dividends, they might want to look elsewhere in the financial sector. But if they’re looking for a company primed for growth if, or when, homebuyers come out in force, Rocket might be worth considering for a ride.
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