RJ Hamster
Don’t buy SpaceX on IPO day, do this instead
A message from our friends at Timothy Sykes
When Elon’s SpaceX IPO officially hits — which could be just days from now — two things will happen.
Elon’s 40% stake will immediately earn him around $625 billion in new wealth. Then millions of small investors will buy SpaceX’s stock, hoping to strike it rich.
Unfortunately, many of them will be disappointed.
That’s why I’m urging you to take advantage of this pre-IPO SpaceX play while you still can.
Sincerely,
Tim Bohen
Just For You
These 3 Beaten-Down Stocks Just Announced Massive Share Buybacks
Author: Leo Miller. Article Posted: 3/24/2026.
Key Points
- Salesforce is acting quickly to buy back its stock, announcing a huge accelerated repurchase program.
- DocuSign’s buyback capacity now exceeds 25% of its market capitalization with shares down nearly 50% from recent highs.
- As the memory shortage delivers blows to Qualcomm, the company just pushed its buyback authorization above $20 billion.
- Special Report: Elon Musk already made me a “wealthy man” (From The Oxford Club)
Stock buybacks are typically bullish for shareholders. Besides signaling management’s belief that a company’s stock may be undervalued, repurchase programs reduce the number of shares outstanding and can therefore boost earnings per share.
Recently, Salesforce (NYSE: CRM), DocuSign (NASDAQ: DOCU), and Qualcomm (NASDAQ: QCOM)—three well-known tech names that have seen dramatic drawdowns this year—announced sizeable buyback programs that should catch investors’ attention.
Do this before SpaceX IPOs or be sorry (Ad)
When Elon’s SpaceX IPO officially hits — which could be just days from now — two things will happen.
Elon’s 40% stake will immediately earn him around $625 billion in new wealth. Then millions of small investors will buy SpaceX’s stock, hoping to strike it rich.
Unfortunately, many of them will be disappointed.That’s why I’m urging you to take advantage of this pre-IPO SpaceX play while you still can.
Each has fallen at least 30% from its 52-week high, and management teams are responding with aggressive repurchase plans at price levels they likely view as depressed and poised to recover.
Salesforce Announces Record $25 Billion Accelerated Repurchase
Salesforce has been one of the poster children for the so-called “SaaSpocalypse,” with CRM shares down roughly 35% from their 52-week high. That term sums up broad declines across many Software-as-a-Service (SaaS) stocks, partly driven by concerns that new artificial intelligence tools could reshape software economics.
As AI makes coding easier, some worry customers could use AI to build applications that replicate Salesforce’s functionality or that AI-native competitors could offer similar tools at lower cost, pressuring pricing and growth.
Salesforce, however, views AI as an enabler. Its AI add-on AgentForce recently hit $800 million in annual recurring revenue, a 169% year-over-year increase.
Management appears confident in the outlook and is backing that view with capital. The company announced its largest-ever $25 billion accelerated share repurchase (ASR), equal to about 14% of its roughly $180 billion market capitalization.
ASRs are a fast, decisive way to buy back shares and are generally viewed as a strong signal of conviction that the stock is undervalued. Wall Street appears to share that optimism: analysts see nearly 44% potential upside for CRM over the next 12 months, and the consensus rating is Moderate Buy, with 27 of 39 covering analysts giving it a Buy.
DocuSign Lifts Repurchase Authorization to $2.6 Billion
DocuSign has faced many of the same AI-related questions that have pressured other software names.
The stock is down nearly 50% from its 52-week high, including a roughly 30% decline in 2026. DOCU now trades at a forward price-to-earnings ratio near 11x, close to its all-time low P/E.
So far, potential AI disruption hasn’t shown up materially in DocuSign’s financials. The company posted 8% sales growth in 2025, similar to the prior two years, and expects comparable growth and relatively stable margins this year.
However, the market is forward-looking and is pricing in the risk that results could deteriorate. In response, DocuSign is signaling confidence through repurchases. Alongside its latest earnings release—its 13th consecutive quarterly earnings beat dating back to Q3 2023—the company increased its buyback authorization by $2 billion, bringing total authorization to $2.6 billion, or about 28% of its roughly $9.5 billion market cap.
The firm spent around $269 million on buybacks in the latest quarter, a 66% year-over-year increase. The larger authorization suggests buyback activity could accelerate, a bullish sign from management. Analysts see more than 41% potential upside over the next 12 months.
Qualcomm Boosts Buybacks as Memory Woes Weigh on Shares
Semiconductor giant Qualcomm is trading roughly 35% below its 52-week high.
Qualcomm has limited exposure to the AI data center megatrend, which has led to underperformance versus many large-cap chip peers.
Ironically, Qualcomm’s largest market is being hurt by the AI buildout. Handsets (smartphones) accounted for about 64% of revenue in the latest quarter. The company expects roughly $6 billion in handset revenue next quarter, a 13% year-over-year decline, as smartphone makers trim orders due to a key supply constraint: memory chips.
Smartphone manufacturers are struggling to secure enough dynamic random-access memory (DRAM), limiting the number of complete phones they can assemble. Memory producers are shifting DRAM capacity toward high-bandwidth memory (HBM) to serve AI systems, which offers larger and higher-margin opportunities for memory makers and leaves Qualcomm at a disadvantage.
Despite these headwinds, Qualcomm remains confident in its long-term opportunity, with meaningful traction in automotive and a growing robotics market. The company announced a $20 billion buyback authorization, bringing total repurchase authorization to $22.1 billion, equal to about 17% of its roughly $137 billion market cap.
That move comes at a favorable time for buyers: analysts forecast more than 29% potential upside over the next 12 months.
When Shares Slide, Buybacks Speak
Across Salesforce, DocuSign, and Qualcomm, the common thread is scale: each company is allocating substantial capital to repurchases after significant drawdowns. Buybacks don’t eliminate the risks that drove the selloffs, but they do put tangible money behind management’s view that valuations have become more attractive.
Among these moves, Salesforce’s accelerated share repurchase is the most assertive, conveying both urgency and conviction. The bigger test will be whether execution and subsequent results convince the market that AI-related fears about legacy software are overstated.
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