Research Unplugged: Diving Deep on SPCX’s Multiple Trillion Dollar Market Opportunities

Research evidence excerpt

Research Unplugged: Diving Deep on SPCX’s Multiple Trillion Dollar Market Opportunities

Equity Research

10 July 2026 | 1:01PM EDT

Research Unplugged: Diving Deep on SPCX’s Multiple Trillion Dollar

Market Opportunities

Chris Hussey

+1(212)902-7564 |

chris.hussey@gs.com

Goldman Sachs & Co. LLC

Visit the GS Research portal to listen to the podcast > Sarah Herr

+1(212)357-0094 | sarah.herr@gs.com

Eric Sheridan

We believe SPCX is well-positioned to scale its differentiated advantages across +1(917)343-8683 |

eric.sheridan@gs.com

space (launch & reusability), connectivity (broadband & mobile satellite Goldman Sachs & Co. LLC

constellation) and AI (compute, X, etc.), and that each of these markets have the Noah Poponak, CFA

potential to become multiple trillion-dollar opportunities over a 5+ year time +1(212)357-0954noah.poponak@gs.com|

horizon. In this podcast, we listen in as Eric Sheridan, Noah Poponak, and Mike Ng Goldman Sachs & Co. LLC

Michael Ng, CFAfrom our Internet, A&D, and Communications Tech Research teams, as well as Benny +1(212)902-8618 | michael.ng@gs.com

Adler and Pete Callahan from our trading desks, discuss the current and longer-term Goldman Sachs & Co. LLC

market opportunity across all of three businesses; how we’re thinking about revenue

trajectory and execution; and why we think the company can achieve an upward

operating margin trajectory.

Click “here” to follow along with the slide presentation. See below for the full list of topics

and speakers; approximate start times are in parentheses.

Speakers:

n Eric Sheridan – US Internet Analyst, GIR

n Noah Poponak – US Aerospace and Defense Analyst, GIR

n Michael Ng – US Media, Cable, Telecom & Hardware Analyst, GIR

n Pete Callahan – US TMT Sector Specialist, GBM