SpaceX's core business is growing very quickly, says 1789 Capital's Chris Buskirk

June 12, 2026 - 20:17

Chris Buskirk, founder of 1789 Capital, appeared on CNBC's Power Lunch to share his outlook on SpaceX's financial trajectory and the growing anticipation around a potential initial public offering. Buskirk emphasized that the company's primary operations are expanding at a remarkable rate, far outpacing many traditional aerospace and defense firms.

According to Buskirk, SpaceX's core business is not just stable but surging. He pointed to the company's Starlink satellite internet division as a major revenue driver, alongside its reliable Falcon 9 launch services. The combination of government contracts, commercial satellite launches, and a growing subscriber base for Starlink has created a powerful financial engine. Buskirk noted that this growth is happening even before the company fully scales its Starship program, which is expected to open new markets for deep-space cargo and human transport.

When asked about a possible IPO, Buskirk suggested that while SpaceX remains private for now, the company's accelerating revenue and clear market dominance make it an attractive candidate for public markets in the future. He cautioned that investors should focus on the underlying business strength rather than speculation about a listing date. The conversation also touched on SpaceX's ability to disrupt legacy competitors, with Buskirk arguing that the company's vertical integration and rapid iteration give it a structural advantage that will be hard to match. He concluded that the next few years will be critical as SpaceX transitions from a pioneering launch provider into a diversified space infrastructure giant.