SpaceX generated approximately $8 billion in profit on revenues of $15-16 billion last year, according to Reuters. The company is preparing for what could become the world's largest IPO, with banks estimating a potential $50 billion raise at a valuation above $1.5 trillion. Starlink satellite internet service drives 50-80% of SpaceX's revenue. SpaceX is also reportedly exploring a merger with Elon Musk's AI company xAI ahead of the IPO.

York Space Systems (YSS) fell 4.2% in pre-market trading on Friday, reversing gains from its NYSE debut Thursday when shares jumped 11.7% to $38 from a $34 IPO price. CEO Dirk Wallinger positioned the company as a key player in Trump's Golden Dome missile defense project, highlighting York's capabilities in system integration. The company has completed 74 missions since 2012 and launched 21 satellites for the U.S. Space Development Agency.

AT&T's $5.75 billion acquisition of Lumen's fiber assets will add 4 million passed locations and 1 million subscribers. While integration costs will pressure near-term earnings by ~$0.05 per share in 2026, the deal presents significant long-term opportunities through cross-selling fiber and wireless services. Lumen's 25% penetration rate versus AT&T's 40% suggests ~600,000 potential new customers, plus opportunities to convert Lumen's wireless customers. AT&T expects double-digit EPS growth through 2028 and free cash flow expansion to at least $21 billion by 2028.

SpaceX is expected to go public in June 2026, potentially timed to coincide with a rare Jupiter-Venus planetary alignment on June 8-9 and Elon Musk's birthday on June 28. The $50 billion IPO could push Musk's net worth to trillionaire status if SpaceX is valued at $1.5 trillion. Investors can currently gain exposure through companies holding SpaceX stakes or space-focused ETFs.

AST SpaceMobile shares fell 7.78% after Blue Origin announced TeraWave, a new satellite communications network launching in late 2027. The decline reflects both new competition and AST's already lofty valuation, with the stock trading at a price-to-sales ratio of roughly 200x despite expected revenue growth to $200 million in 2026.

Communication Services was the best-performing sector in 2025 with ~33% returns, outperforming Information Technology (~24%). Metals and Mining stocks surged ~85%, while Real Estate declined ~1%. Key winners included EchoStar (+378%), Warner Bros Discovery (+170%), MP Materials (+275%), and Newmont Corp (+168%), while consumer-focused sectors struggled with inflation concerns.

Several large-cap stocks showed significant gains last week, with EchoStar, Rocket Lab, and Pan American Silver experiencing notable price increases due to various factors including analyst upgrades, strategic developments, and market optimism.

EchoStar's stock surged 27.3% this week due to a Morgan Stanley analyst upgrade and potential high valuation of its SpaceX stock holdings, with the company benefiting from significant spectrum asset sales and a potential SpaceX IPO in 2026.

EchoStar's stock rose 6.8% due to potential SpaceX IPO speculation, with investors capitalizing on spectrum license sales to SpaceX that included equity payments.

SpaceX is considering a potential $30 billion IPO in 2026 with a projected valuation of $1.5 trillion, potentially becoming one of the world's most valuable companies. The company's revenue is expected to grow significantly, with Starlink being a primary revenue source.

SpaceX is pursuing a secondary share sale targeting an $800 billion valuation, double its previous $400 billion value, with plans for an IPO in late 2026. The company's growth is driven by defense, telecommunications, and Starlink's expanding satellite and cellular services.

EchoStar's stock surged after reports that its SpaceX stock holdings may have doubled in value following spectrum asset sales, potentially making the company's stock undervalued relative to its net assets.