APRIL 26, 2026   |   READ ONLINE

Dear Reader,

Dr. Mark Skousen here.

Remember Tesla’s IPO?

It launched at $17 a share….

Most people laughed.

Electric cars? That quirky guy who built PayPal?

No chance.

Of course, not getting in on Tesla was a huge mistake…

Today those $17 shares are worth over $250.

Early investors who got in pre-IPO and held on could’ve turned a $50,000 investment into $1.5 million over the next decade.

How many people do you know who actually bought?

Almost nobody, right?!?

Well, I was one of the lucky few.

I got into a Tesla-heavy fund back when everyone thought Elon’s car company would never make a dime. That early bet added nearly seven figures to my net worth over a decade.

Now I believe Elon’s doing it again. This time with SpaceX.

The stakes couldn’t be higher…

And I’m betting on him again.

Industry experts are calling the SpaceX IPO a “seismic event” — a $1.5 trillion valuation that could be the biggest listing in Wall Street history.

Based on my meeting with Elon — combined with my own research — I’m convinced he’ll announce the IPO on April 20th.

That’s less than two weeks from today.

If you missed getting in on Tesla pre-IPO… don’t make that same mistake twice.

And don’t worry. Normally, non-accredited investors are locked out of these types of Pre-IPO opportunities.

But…

I’ve found a backdoor that lets you grab a pre-IPO stake before Elon makes the big SpaceX IPO announcement.

And I’m sharing the ticker for free.

Just click here to see how to get positioned before the big SpaceX announcement.

Yours for peace, prosperity, and liberty, AEIOU,

Dr. Mark Skousen
Macroeconomic Strategist, The Oxford Club

P.S. Bloomberg just reported that S&P is considering a rule change, which could fast-track SpaceX into the index after the IPO. That means billions in forced buying. Get in before that happens. [Click here.]

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Additional Reading from MarketBeat

Netflix’s Pivot to Profit: The New Discretionary Blue Chip

Author: Jeffrey Neal Johnson. Published: 4/25/2026. 

KEY POINTS

• Netflix has successfully shifted its core strategy from acquiring new subscribers to maximizing profitability and delivering strong operating margins for investors.
• Netflix is building a durable competitive advantage by rapidly growing its advertising business and expanding into high-engagement live sports events.
• Investors may now view the company as a foundational consumer discretionary holding, engineered for durable, long-term profitability and shareholder value.
• Special Report: Altucher: This is My Favorite FREE Starlink Pre-IPO Ticker (From Paradigm Press)

The land grab for streaming subscribers is over. For years, the digital media landscape was defined by a high-stakes race for user growth, where market share was the only prize that mattered. That era has decisively closed. In its place, a new contest has emerged: the disciplined pursuit of profit.

A clear leader is solidifying its position not by chasing growth at any cost, but by mastering the art of monetization. This fundamental industry shift is forcing a re-evaluation of the entertainment sector’s top player. For investors, the disconnect between recent stock volatility and the company’s underlying financial strength presents a compelling story worth a closer look.

Proof of the Pivot: How Netflix Rewrote Its Own Script

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THE REAL SPACEX TRADE ISN’T SPACEX (AD)

When the SpaceX IPO launches, most investors will already be too late. The real opportunity isn’t the IPO itself – it’s the infrastructure behind it. 

One small-cap company supplies a mission-critical component to Musk’s xAI Colossus site that can’t be built around. While retail waits for a ticker that doesn’t exist yet, early money is moving into this supplier at a fraction of its potential value.

See the small-cap stock powering the SpaceX buildout today

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Netflix’s (NASDAQ: NFLX) operational strategy has matured. Recent actions demonstrate a clear pivot toward prioritizing sustainable cash flow and shareholder returns over costly expansion, signaling its transition into a stable market leader. For investors accustomed to tracking subscriber additions, the new metric to watch is operating margin. It tells the story of a company building a fortress of profitability.

The key forward-looking indicator is Netflix’s ambitious 31.5% operating margin target for 2026. This is not the language of a speculative tech startup; it is the financial grammar of a mature, high-efficiency business. Such a target suggests a powerful ability to convert revenue into profit, a trait more commonly associated with consumer staples companies that anchor long-term portfolios. Strong margins pave the way for financial flexibility, including potential share buybacks and, eventually, dividends. While Netflix does not currently pay a dividend, building this level of profitability is the essential first step.

The clearest proof of this new discipline was Netflix’s decision to walk away from the potential merger with Warner Bros. Discovery (NASDAQ: WBD). In the previous era, such a massive, landscape-altering deal might have been pursued at any price. Instead, management demonstrated a rigorous commitment to its economic criteria. By refusing to overpay, Netflix signaled that protecting its balance sheet and margin structure is more important than empire-building. This strategic restraint reduces long-term risk and confirms to the market that a more sober era of capital allocation has begun.

This maturation is also reflected in its leadership. The planned departure of co-founder Reed Hastings from the board represents a natural and well-telegraphed succession. The current co-CEOs, Ted Sarandos and Greg Peters, have been instrumental in crafting this profit-focused blueprint. Their public statements and strategic actions show clear alignment with that vision, giving investors reassurance of continuity during this important transition.

Building a Bulletproof Moat With Ads, Sports, and Games

With a global audience of over 325 million members, Netflix is now deploying diversified revenue streams designed to create a durable competitive moat and ensure long-term, predictable growth—insulating the business from the natural ebbs and flows of hit-driven content cycles.

The most significant of these is its rapidly expanding advertising business. Netflix is on track to generate approximately $3 billion in ad revenue in 2026. This is not just a side project; it’s a core component of Netflix’s future in the global digital ad market, which is worth hundreds of billions of dollars. The advertiser base grew by an impressive 70% in 2025 alone, reaching over 4,000 partners.

The rollout of sophisticated programmatic ad technology is creating a highly scalable, high-margin revenue stream that operates independently of subscription fees. For investors, this means average revenue per user (ARPU) has a powerful new growth driver, increasing the lifetime value of each subscriber.

At the same time, Netflix is moving into live events, effectively transforming itself into a modern broadcast network. The World Baseball Classic was a powerful case study, drawing 31.4 million viewers and driving the largest single-day subscriber sign-up in Japan. Live sports and events create appointment viewing—a valuable commodity in a fragmented media world. They act as recurring catalysts for both user acquisition and premium advertising sales. Ongoing negotiations for other high-profile sports rights, including potential NFL games, signal a long-term strategy poised for further expansion.

Finally, Netflix’s investments in gaming should be viewed through this same strategic lens. The goal is not necessarily to compete with major console publishers but to build an ecosystem that increases user engagement and reduces churn. By making the platform stickier with value-added entertainment, Netflix protects its core subscription revenue—a key characteristic of a stable, utility-like business. These efforts help turn a simple subscription into a multifaceted entertainment bundle.

How to View Netflix Now: An Anchor in the Attention Economy

The market appears to be re-evaluating Netflix’s role. For long-term investors, recent volatility may offer an opportunity to reclassify the stock, moving it from a speculative, high-growth position to a foundational holding within the consumer discretionary sector. The evidence points to a company that has navigated the end of the streaming wars and is now engineered for durable profitability.

This reclassification requires a new valuation lens. Metrics like free cash flow yield and return on equity—the latter at an impressive 40.92%—are now more relevant for assessing Netflix’s health than quarterly subscriber growth. While its price-to-earnings ratio (P/E) of around 30 remains higher than those of traditional utility companies, some may argue it is justified by Netflix’s immense global scale and continued innovation in high-growth adjacencies such as advertising and gaming. The debate is no longer just about adding users but about generating more profit from each one.

That said, investors should weigh potential risks. The leadership transition, while planned, introduces a new dynamic at the board level. Intense competition from well-capitalized tech and media giants remains a constant, and Netflix must continue to invest heavily in content to retain its edge. Regulatory challenges—such as a recent court ruling in Italy on price increases—could also create regional headwinds and affect pricing power in certain markets.

For investors who believe in Netflix’s strategic pivot, the focus shifts to execution. The investment case rests on management’s ability to expand margins while growing new monetization engines. Those comfortable with the outlined risks may begin to view Netflix not as the volatile growth stock of the last decade, but as a resilient leader poised to generate consistent returns in the modern attention economy.

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