SaaS stocks have sold off in the latest tech pullback, presenting buying opportunities. Palantir Technologies, Microsoft, and ServiceNow are recommended as strong buys, with all three demonstrating solid operational performance, AI growth drivers, and attractive valuations despite recent stock declines.

Third Point CEO Dan Loeb admitted to prematurely selling Palantir Technologies shares in the $20 range before its IPO, missing out on a 10x return as the stock rallied significantly post-public listing. Loeb also reflected on broader challenges in managing high-growth tech investments and the constraints of public market liquidity, citing his firm's experience with Upstart as a cautionary tale about board restrictions limiting trading flexibility.

SpaceX is planning a $75 billion IPO on June 12, 2026, at a $1.77 trillion valuation—the largest IPO in history. However, the company's extremely high valuation relative to its $18.7 billion in 2025 revenue (95x sales) raises concerns about future returns. While Starlink's connectivity segment is profitable and growing, the overall company remains unprofitable with a $4.9 billion net loss in 2025. Analysts suggest investors could see returns ranging from -20% to +30% annually by 2030, with Morningstar valuing the company at only $780 billion.

New Street Research initiated coverage on SpaceX ahead of its IPO with a $165 price target, representing 22% upside to the expected $135 IPO price. The analyst projects $195.3 billion in revenue by 2030 with 60% CAGR, driven by space, connectivity, and AI segments. A bull case scenario values SpaceX at $330 per share by 2040 if the total addressable market reaches high estimates and SpaceX captures 50% market share.

SpaceX is set to go public on June 12, 2026, at $135 per share with a $1.77 trillion valuation. While structural factors like fast-tracked index inclusion and low float could boost the stock initially, historical data shows that 30 major tech IPOs over 14 years experienced an average 55% drawdown in their first year, suggesting investors should be cautious about chasing the IPO hype.

SpaceX is going public at a record $1.77 trillion valuation with a price-to-sales ratio of 92, significantly higher than peers. While the company has innovative technology across space launch, satellite internet, and AI infrastructure, historical data shows the 10 largest U.S. IPO stocks declined an average of 21% in their first year and underperformed the S&P 500 by 99 percentage points long-term. The analyst recommends waiting for more attractive entry points rather than buying at the IPO price.

Palantir's stock has declined over 35% from its 52-week high, despite the company achieving its fastest revenue growth rate as a public company with 85% year-over-year Q1 growth and raising 2026 guidance to 71% growth. However, the stock remains extremely overvalued with a P/E ratio exceeding 140 and trading at 40x forward revenue, suggesting the pullback may not be steep enough to make shares attractive for long-term investors.

SpaceX is set to launch the largest IPO in history on June 12, 2026, at $135 per share with a $1.77 trillion valuation and $75 billion capital raise. However, the company trades at 94x sales while posting a $4.94 billion net loss in 2025. Morningstar values the company at $780 billion (55% below IPO price), citing unproven engineering milestones and a massive gap between narrative and current financials. The offering carries significant risks typical of high-uncertainty IPOs, with historical data showing initial euphoria often followed by substantial declines within a year.

SpaceX is set to go public on June 12, 2026 at $135 per share. While a $10,000 investment would theoretically buy 74 shares, retail investors face significant challenges: limited share allocations from brokerages, competition from institutional investors, and likely partial or no fills. The article cautions that most retail investors should avoid chasing the stock on day one, as IPO pops often lead to corrections.

SpaceX is set to launch the largest IPO in history on June 12 at $135 per share, valuing the company at $1.8 trillion. However, the article warns investors against buying on day one, citing historical patterns of tech IPOs experiencing explosive opening gains followed by sharp declines. Examples include Palantir, Snowflake, Figma, and Cerebras, which all saw significant post-IPO sell-offs. The author recommends patience and waiting for market fundamentals to reassert themselves rather than chasing opening-day momentum.

Palantir co-founder Joe Lonsdale stated he has invested in SpaceX and Anthropic, calling them the two strongest players in the AI landscape. He believes Anthropic has momentum over OpenAI, citing execution and focus as key differentiators, while suggesting OpenAI may have lost momentum due to competing priorities and talent departures. However, Lonsdale stopped short of writing off OpenAI, acknowledging its strong coding capabilities.

Three small-cap defense tech companies—BigBear.ai (BBAI), Palladyne AI (PDYN), and Ondas (ONDS)—are building significant Pentagon contract backlogs and demonstrating strong growth. BigBear.ai has a $281.9M backlog with 17% revenue growth guidance; Palladyne AI announced a strategic partnership with Israel Aerospace Industries for loitering munition systems; and Ondas raised its 2026 revenue target to $390M+ after 10-fold Q1 growth. While these stocks offer exposure to defense AI spending trends, they carry execution risk and balance sheet challenges.