Investor's Edge with Gary Kaltbaum - SpaceX- A Moment? [06.16.2026]

Episode Date: June 16, 2026

https://garykaltbaum.com/The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTalkRadio, BizTV, or BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing. 

Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host day. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Tuesday, the 16th, June, 2006.

Hope you're having a good day. I got 16 spam phone calls today. You know what they all call for? giving me loans there was all so nice I don't know how I ended up on this list what can I tell you hey we have serious talk

about everything that affects you we'll do the markets the economy your job your industry SpaceX war non war whatever else comes to mind hope you having a good day

and if you don't get this radio show in your city we'll post it at Gary K. We'll post it on our X feed. If you don't follow us and X just put our name in. And if you like to email me, you just got to be nice and got to be respectful. That's all. It's pretty simple. We'll respect you.

Respect us back. That's all. I'm only going to do this once. I'm only going to say it once. And unless things change again, we're going to drop it. Unless things are added again, we will drop it. as you know, if people that have followed me, we have no agenda, ulterior motive, or bias when it comes to Washington, D.C. in politics. They have all let us down from top to bottom and 40 trillion of debts says so.

I think we're going to run 1.3 trillion towards interest this year. And of course, the self-dealing, corruption, pardoning, white-collar criminals that are paying you millions of of dollars to get pardoned and they don't have to pay restitutions. We are all sick by all of this in both parties. We have no bias. It was leaked. The so-called memorandum of understanding with Iran. And let me not hold back. It's a joke. It's a laffer. Except it's not funny. The president could say all he wants that he won. His sycophants can jump on TV and say, the greatest deal maker of all time.

This is a bunch of BS. It is a gift to terrorists. Might as well go back to Obama's deal. The only thing good that came out of this is we knocked the hell out of some of their military, but they now get this, a $300 billion fund they have access to. These murderers get $300 billion on top of some other things. Sanctions, and guess what Iran is saying.

Guess what they are doing. You ready? We commit to not getting nuclear. They already done that. I'm not going to comment on the president. I'm not going to say a bad word about the president. All I'm going to comment on is this, this memorandum of whatever. It sucks.

It's a laffer. And then one comment on the president. For politics sake, he's now throwing Israel and BB Netanyahu under the bus. They should not bomb Lebanon. even though Lebanon lob rockets into Israel, it didn't mean much. It wasn't meaningful rockets. It wasn't a big deal. That's the president of the United States saying getting rockets lobbed over your head is not a big deal.

You know where I stand. That's all I'm going to say. You can go read it. It looks like it is it because they're not saying it isn't. And there's a lot of people up in arms. including Republicans, but it'll be sold as the greatest thing in history. We move on. A very crappy day for the semiconductors, the NASDAQ, the NASDAQ, the NASDAQ 100, and most technology overall.

But how do I put this? The most talked about stock that I have seen talked about. about in probably a couple of years is SpaceX. I am getting calls from people I do not know. People I do not know, do you think I should buy SpaceX? And I email them back. Do you know what their numbers are and what the valuation is? a couple of them said yes a couple of them said no a couple of them that I said no please go check

the couple that said yes I went back and said what do you think they came back and said one of them said does it really matter right now the other one said yeah I think I know

where you're coming from so let me give you both sides since you're all wondering, and I know why you're wondering, because when I woke up this morning, and I wake up very early, the local news was talking about it. I got asked by the local news to talk about it as a Fox business contributor. The Fox 35 asked me to talk about it. It's out there in every way, shape, and form. Today, during the day, at one time, it had the same market cap valuation as Amazon.

Amazon has 750 billion of revenues. SpaceX has 18 billion of revenues and lost $5 billion. Now, notice I'm not saying anything about the future. We're dealing in real time today. Today, same market cap, same valuation as, listen carefully, Amazon, with about 750 billion of sales, they have 18 billion of sales. Now, this is a little different than Rivian, remember years ago. Rivian came public and it had almost the market cap put together of GM and Ford, even though GM and Ford had, what was it, 240 billion in revenues total?

And Rivien had none. And we just said to you, if nothing changes, you know, what's going to happen? And Rivian dropped 90% to the lows. And by the way, they're doing a lot of business now, Rivian, I do believe. Let's see, Rivian, if it ever comes up on my screen, has been doing over a billion, 1.4 billion in revenue every quarter. So they went from zero and they're going to do about $5 billion. Well, they have done $5 billion last year, but they're losing tons of money in that.

And the stock is at $16. When it came public, we warned you it was about $150, $160 at the time. Its market cap is $21 billion here at $16. And you know what happened. So we're not going to tell you what to do. We're just letting you know the numbers. Overnight, SpaceX hit $2.30. It was up $40 overnight.

Seriously. And I have no idea how that happens. It hit a high today of $2.25 and change closed at almost 202. So did pull back. but the IPO was 135, opened, I believe it, 150, went to 175, closed it 160, gapped up the next day, which was yesterday, right, and ran and had finished up today, 10 bucks at 202. Market cap is like $2.7 trillion.

I think it is the third or fourth market cap out there. Well, let's see. has 4.3 trillion market cap. Apple has nearing 500 billion in sales. And again, SpaceX has 18 billion and loses money. So can it go higher? Can it go much higher? Well, heck yes.

Fear and greed. Up next. We'll expound. Thanks for being here. This is the one on the Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living,

specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy.

If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complimentary portfolio review. The number to call is 888-4-2-5-59. That's 8-8-5-5-9. That's 888-4-22-55-9. investment advisory services offered through Coltbaum capital management. It's time to switch on the integrator units and get the brain cells working.

You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And what once again to Investors Edge? So can SpaceX go higher?

You do know that end. Vidiya's market cap today is, I believe, the highest at $5.1 something trillion. Dollars. It has, well, I can tell you, they'll do $300 billion in revenues this year. In the past 12 months, they did $150, about $250 in the market is what somebody is willing to pay for it. Let's go to an example of price being what somebody is willing to pay for it, regardless. Bitcoin, in 2016 was $450 in 2016. It closed today.

at 65,000. 650 to 65,000 in 10 years. $650,000. 100 times, right? Let's see, 10 times is 650? Yeah, 100 times in 10 years. What does Bitcoin do? Oh, does nothing.

What is their sales? Oh, they don't have any. What's their product? Oh, there isn't a product. What's their services? Oh, they don't have any services. Well, how did it go from 650 to 65,000? Oh, by the way, the high was it?

What was the high? Come on. 121,000? Yeah, 121,000. What made it go up even though no earnings, no sales, no products, no services? Well, somebody paid a higher price. And of course, you had the guy at Micro Strategy

leveraging his ass, and of course he's being destroyed now. It went up and kept going up because the next person paid a higher price. even though they don't have anything. There's nothing there. There's absolutely nothing there. And I'm not here to rip Bitcoin. All I'm doing is stating a fact.

There's nothing there. It has been touted to you as this unbelievable asset that's going to 1.5 million by 2030. But it can do that. But somebody's got to pay $1,499,99.99. To go to $1.5 million, is there any wonder why I loathe the people that predict that? Now, maybe it doesn't, maybe it doesn't.

I just wanted to give that as an example of anything can happen with this SpaceX. And since I am being inundated with it, just letting you know, I don't know. I have no edge at this juncture. On a technical analysis basis, there is no edge yet. It's been public for a very short period of time.

It is not built anything as far as a pattern, except it came public and it's gone up nicely. Hit a high today and pulled back though. What does it do tomorrow? I have no freaking idea. What is the future of the company versus the Bitcoin? Well, obviously, there is Starlink, which is going to grow.

Leaps and bounds, I do believe. I do believe. The space part, I believe it's going to grow, BitTime. What's the risks? competition and guess what happened to blue origin recently oh they had a rocket explode fortunately without any passengers so we're just letting you know an answer to your question full and fair disclosure i don't have a clue where it goes from here if it sets up in a technical basis in a decent way I will mention it just like I have mentioned Bitcoin.

When Bitcoin broke out a range a few times in the last years, I mentioned it. And with my usual, I'm not telling you to buy, sell, shorter cover, but just letting you know it broke out today. And there is my SpaceX yapping. Today, the Dow was up 328. NASDAQ down 307, NASDAQ, 107, NASDAQ, $10,500. 75. You know why? Because I bought back into NASDAQ 100 yesterday. Wrote it up very nicely. Sold when the bombs got to get back in. Not a good day. Semiconductors. Sox down 805 today. The 13294, not a good day. Roughed up. Any news? No. Didn't see any. But a roughed up day.

Monolithic power, MTPWR down 150. That's of 9%. ASML 88. The other equipment took a hit. Intel, down 10. Micron down 67. Sandus, my goodness, was down. Never thought that would ever go down again.

Down 116. Marvell 30, AMD, 40. So rough day, technology-wise, where was the strength? very good day for financials. J.P. Morgan has been very weak in lagging, not today. Up 11 and 3 quarters to 331, that helped the Dow. What helped the Dow today? Let's see.

JP Morgan, Goldman Sachs, Visa, that has been weak. So let's see. An American Express, four financials. Between the four, five, 20, 32, 41. 270 Dow points right there of the 328 today. Nothing bad today in the Dow except I have to tell you, and I want you to listen carefully. Nvidia's numbers are fantastic.

The stock can't get out of its own way. I'll explain that up next on Investors Edge. I'm listening to America is talking. Investors Edge. He's got to be pleased with Dad. crowd is just on his feet here he's a Cinderella boy with Gary Colbomb comes highly recommended you're gonna feel better if you talk to him and welcome once again to Investors Edge so we're not putting down Nvidia the company we're

not even putting down the stock we're just telling you facts they report an 82% earnings growth 73% revenue growth growth, that's an acceleration third quarter in a row. They announced they're going to put chips into PCs and the stock ramps up and then just tanks. 236 to 207 in the last five weeks. And interesting enough, the stock is below the high of last October. even though, let's get this right, the Sox last October was 7,400, it's now 13,200. So it's everything else in the semiconductor sphere has gone up, not this stock.

And I always question and ask, and I'm wondering, or, all these other companies are announcing chips. I did mention that controversy a couple of weeks ago where the ex portfolio manager of an international Fidelity Fund came out and said an entity was created by NVIDIA, where NVIDIA gave them like $1.7 billion. And another entity did debt of three point something. It was a total of $5.4 billion. and that $5.4 billion was all to buy

Nvidia chips. I don't know if that's entered the fray. I'm just letting you know it's really a weird stock and a weird trading stock. That's really all I want to say. It's not a biggie, but when the semiconductor index goes up 70, 80% since October, and it's down,

it just gives pause. That's all. It's sitting just under the 50-day moving average, but the last few weeks were miserable. I stopped out with a loss the last time I bought it. I made very good hang on that big breakout January 5th of 24. Boy, that's been a while ago. So just letting you know,

I'm always wondering, damn look at those numbers and the stock can't move what's going on what does the market know do they know something do they not know something what the heck's the situation just things I ask that's all what else going on today oil prices drop three dollars and fifty cents excellent I'm thrilled and of course that is in 100% reaction that the straight of poor moves will open up, but I must tell you that I believe there's going to be less dependence on that straight going forward. And I'm expecting countries to open up different avenues of moving

oil going forward. That would be a smart move. Just like I know companies decided to not manufacture in China anymore and moved away because of, I guess, you know, there's worry about what they do. Who the hell knows with that? So I think there's a bunch of that going on. And I think that's pretty good news. We are producing a bunch of oil here. There's a little BS going on and how great it is that we're producing this, that.

But we were creating, producing record oil under Biden. Not that Biden did it or anything, but we were producing the most ever under Biden. Biden also. Biden just sucked with everything else. So that's good news also. And again, we're down at 75, 76 bucks. Where are we over 100 and something? So very happy about that. You're going to see, if nothing changes, much lower prices at the pump in the days ahead. take a little longer to come down than go up, but that's the way the cookie crumbles.

Gold bounced a little bit today, but it's still not trending up just yet. Crypto was down today. That's certainly not trending up, had a little bit of bounce recently. And I just, you know, some of the best work we do on this show is what we warn you about.

Boy, did we warn you about. you about this micro strategy, which they changed the name to strategy, 457 down to 122 since last July. And it wasn't me who said it, but I saw somebody that posted and said, yeah, what a great strategy. We're going to leverage ourselves on an entity that produces nothing and then hope and pray or something like that. of course. It's been a disaster for anybody that has owned that. And I must tell you, what did I say to you on this show? It is so weird to watch a CEO go on TV and be down 60, 70 percent on his company stock and act like nothing's going on.

yeah you know everything you made to dip to tip to dip to do about not 70%

it was almost like when San Antonio was down 3-1 to the Knicks you know what they all said oh we're going to win the next three games

we're not even worried they basically said that they just gave up a 29 point lead to lose a gargantuan game game. Oh, we're going to win next thing, no problem. Not a care in the world. Nonchalant about it. I'd be sweating bullets. Anyway, whenever we see things like that, we let you know.

What was weird recently with J.P. Morgan, do you remember that? J.P. Morgan's stock got hit because the CEO, Jamie Diamond, came out and said, it's too expensive. And you know what? I believe it was about 320 when he said that and it went down to 293. Well, it's even more expensive now because it's up to 331, up 11 and changed today. So whatever on that. So good day financials, good day banks, interest rates came down again. 10 year yields drop 0.41 to 448. That means mortgages come down a little bit more.

That's good to see. oils as we said avoid for now got hit again today because oil prices are cratering semiconductors hit hard and not much else going on today little bounce in housing little smattering of green and insurance and things like that but mixed bag advanced declines 1928 on the New York

and with the Dow up 328 the S&P was down 42 telling you how much influence technology has, Vance DeKleines on the New York were only up by like a hundred with the Dow up 328. Tells you everything you need to know how important technology stocks is to the market. As I say, mui importante. The Fed is tomorrow. I already like this guy. Do you know why?

have you heard anything from him not a word I love that and you know what else there's a bunch of fed heads I haven't heard much out of them I'm wondering if he had a meeting with them and said

I'm running the joint now things are going to change less talk enough we're not the movie stars we're not stars we're not mouthpieces let's pick our spots enough. I think that may have happened.

I'm not sure. I have no evidence of that. The only evidence I have is I haven't seen a lot of verbiage. I do not expect them to lower rates or raise rates tomorrow. I have no idea what they're going to say. I do believe they have to mention, hey, oil prices are coming down. That's good news. Up next.

We'll continue. those lines and whatever else comes to mind. I'm Gary. This is the one only investors edge. You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Action! Investors Edge. With Gary Culper. What else is going on? Oh, we were talking the Fed. I would be so happy if they just shut up

between meetings every now and then do a speech and that's it and just get the hell out of the way you know I had a lot of complaints about Powell I thought he did a fine job in the last year year and a half Trump was wrong

just you know Trump he just needs an enemy Jay Powell made it about Jay Powell and the rest of the Fed didn't shut up there were days where 12 of them were having speeches and a bunch of them were contradicting each other and I don't know if you know if you know Jay Powell basically said we are with the economy. Not the 150 million of us that go to work every day.

The Fed is who sit behind a desk and pushes buttons on a quarter point here or there. And then one time decided to screw every saver and take rates down to zero and screw the bond market and distort everything. So I am in hopes this guy comes in. Just do less. Just do. I'd be thrilled and so far I'm quite happy. I haven't heard a thing from them and I know they have a quiet period which they're in right now but even before that I haven't heard a thing terrific we'll see what tomorrow brings I have absolutely no clue how the market reacts the guess is they do nothing I think

they will acknowledge though which is good news about oil prices coming down Got to mention the exchanges. You know what they are, the CBOE, the Chicago Board of Options, the CME, the Mercantile Exchange, there's the ICE, they're getting crushed. Let me take that back. They're crashing. Their stocks are crashing. The CBOE just went from 371 to 270 in two weeks. bounced up to 305, dropped 28 bucks today to 265.

Talk about who knows. They're saying something called Calci and their perpetual futures raise competitive concerns. That's the story. And if you put in what is Calci? It's a prediction market that allows people to trade contracts. based on the outcome of real world events, which is ridiculous, because there's so much bull crap going on,

I can't even begin to tell you. You know how much people are making money on lies and insider trading with this? I cannot believe we got this going. And if you go on, you can bet on anything. I mean, it is amazing. the things you can bet on. Go on there right now.

Democratic president, front and center, soccer presidential nominees, Bank of Japan decision. The Los Angeles mayor winner will open AI or anthropic IPO which is going to come first. You know how many insider trades are going to be going on?

And I can just click on, let's see, crypto. I can bet on anything crypto. Climate. What's the highest temperature in L.A. today? Oklahoma City. You can bet on daily temperature. It's insane. And the lowest temperature. Economics. Fed maintains rates or cuts. You can bet on that. How rich will Elon must get before 2007? stunning tech and science will the US confirm aliens exist or not and they give you dates

think about this one when will SpaceX Starship launch from Florida before 27 or before October 1st 26 what if you worked for SpaceX and you told your cousin

go bet a certain amount Of course, if you bet too much, it's going to get caught. But you get my point. Anyway, that's what's going on with the CBOE and the CME. And again, we don't know. And just remember, there have been other outcomes this year because of AI. They have destroyed a lot of software, a lot of the things like Accenture, Booz Allen consulting. What is that, IT symbol, Gartner Group, market research.

So you've got to really stay on your toes right now. All in all today, today sucked. NASDAQ had a rough day, semiconductors, after gaping up yesterday, pulled back pretty harshly today. But I think they're just extended. We'll see. And tomorrow are the Fed? The best news consumer-wise, oil prices. And that will include fertilizer.

That'll include all products made with petroleum. The lower the better. And yields now coming down a little bit more, definitely the lower the better. We just went from 4.687 to 4.4288. so mortgage is going to come down to. And that actually lets the Fed talk a little easier than tighter. And thus, that is why the president is doing what he's doing, throwing Israel under the bus and giving a big wet kiss to Iran

just to get the hell out of the way of all that. You'll have a great evening drive carefully when you get home, do like we do quite simple make sure you hug your family hug your children they will feel better you'll feel better i promise stay well be well peace out all good night this has been investors edge with gary cult bomb on biz talk to listen to past episodes or to get in contact with gary go to gary k com that's gary k dot com you