5 Space Stocks Before SpaceX Goes Public

Dear Investor,

You can't buy SpaceX yet. But the publicly traded space infrastructure companies are already moving and the IPO is still months away.

Our research desk filtered the full public technology universe down to five names with the cleanest thesis exposure. All five are detailed inside the free report below.

• A $50B aerospace leader with expanding launch capacity

• A $31B satellite network building global infrastructure

• A defense contractor with a multi-billion-dollar backlog

Get it free before the summer listing changes the math entirely.

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BREAKING NEWS

🏦 Greg Abel Just Blew Up The Berkshire Playbook. We Have Thoughts.

Greg Abel has been CEO of Berkshire Hathaway for exactly one quarter. He used it to sell Amazon, Visa, Mastercard, UnitedHealth and Domino’s, exit 16 positions entirely, and triple the $GOOGL stake to nearly 58 million shares worth $17 billion. Oh, and he bought the New York Times.

The Google move makes complete sense. Alphabet has rallied 38% since the end of Q1 alone. That call was excellent. Buying $DAL Delta at $2.65 billion is a classic Berkshire move. A well-run airline with strong fundamentals at a reasonable price. Fine.

But selling $AMZN to buy the New York Times is the part we cannot fully get behind. Berkshire tripled its New York Times position to roughly 15 million shares worth $1.3 billion. The New York Times is a good business. A subscriptions model, growing digital revenue, real brand loyalty. But the growth ceiling versus Amazon is not a close comparison. Amazon runs AWS, the largest cloud business on earth, the biggest e-commerce platform in history, and a growing advertising empire. The New York Times sells crosswords.

Most of the exits are attributed to the departure of Todd Combs, who left for JPMorgan at the end of 2025. Many of the positions he managed, including Visa, Mastercard, and Domino's, were cleaned out in Abel's first quarter. That context matters. This was partly housecleaning, not purely strategic conviction. NBC News

The Munch Take: Greg Abel is clearly making this portfolio his own and that is exactly what a new CEO should do. The Google bet was brilliant. Delta makes sense. But selling one of the greatest businesses ever built in Amazon to buy a newspaper, however good that newspaper is, is a head-scratcher. We will not pretend to be smarter than the people running a $1 trillion company. They have $380 billion in cash and access to information we will never see. But if someone offered us Amazon or the New York Times right now, we know which one we are taking. My wife plays Wordle every morning. She still would not buy the stock.

A Quick Note Before Earnings Starts (via StockEarnings)

Quick thought before the next wave of reports: the Fed stayed on hold, February CPI came in at 2.4%, and the Fed said developments in the Middle East make the outlook uncertain. That kind of backdrop can punish anyone trading earnings on headlines alone, so see the earnings setup I’m watching here.

Analysts still expect Q1 earnings growth of 12.5%, but estimates have already been revised lower in nine sectors, and the S&P 500 is trading above its 5-year and 10-year average forward P/E. If you want the pre-report checklist I use before a company reports, read the earnings playbook here.

Inside the eBook, I walk through how I weigh guidance, expectations, and the first reaction after the numbers hit, so I’m not trying to improvise after the move begins. Take a look at the framework I use here.

No one gets every quarter right. But having a process can help you avoid the costly mistakes that show up every earnings season. Get the Earnings Season eBook here.

To smart investing,

Hiral Ghelani
Founder & CEO, StockEarnings, Inc.

**By clicking this link you agree to receive emails from StockEarnings and our affiliates. You can opt out at any time.  Privacy Policy. **

STOCK OF THE DAY

💻 Bill Gates Just Sold Every Single Microsoft Share He Owned. Here’s Why.

The man who built $MSFT just sold the last share his foundation owned. All 7.7 million of them. $3.2 billion worth. Gone.

Before you panic, here is the actual story. The Gates Foundation has publicly committed to lifting annual grantmaking to $9 billion and plans to wind down its entire endowment by 2045. Selling a concentrated Microsoft position is simply the most direct route to generating that cash. This is not a bearish call on Microsoft. It is a charity that needs liquidity to give money away faster.

The Foundation has been trimming steadily for years. They held 28.5 million shares at the start of 2025. By Q1 2026, that was down to 7.7 million. Thursday was just the final chapter of a very long book.

The interesting footnote? The same day Gates sold, Bill Ackman disclosed he bought 5.6 million shares of $MSFT at roughly 21 times forward earnings, calling it a core holding. One billionaire out. Another one in. Same stock. Same day.

📈 The Bull Case:

• At current prices, Microsoft trades at a P/E of 25 times against a five-year median of 34 times. Gurufocus rates the stock as 23% undervalued. Ackman spotted that and acted on it.

• Azure is growing at double-digit pace and Microsoft's AI infrastructure through its enterprise ecosystem is genuinely difficult to replicate. The business has never been stronger.

• The Gates sale is about philanthropy, not fundamentals. Those are two very different signals.

📉 The Bear Case:

• $MSFT is down over 26% from its all-time high set in July 2025. The stock has been underperforming the broader market for nearly a year.

• The AI spend is enormous and the returns are still unproven. Microsoft is betting billions on a thesis that has not fully paid off yet.

• When the founder's own foundation sells the last share it owns, the headline alone spooks retail investors regardless of the reason.

The Munch Take: This is not the story it looks like. Bill Gates selling Microsoft to fund malaria vaccines and global health initiatives is not a trading signal. It is a man with $50 billion in charitable commitments doing accounting. The real story is Ackman walking in the same day and buying $2.3 billion worth at a valuation he called "broadly in line with the market." One billionaire is done with the stock for reasons that have nothing to do with the stock. Another billionaire just made it a core holding.

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