The Mega IPO Setup: What SpaceX and OpenAI Really Mean for Your Money

**SPEAKER_1** (0:04)
On radio, on YouTube streaming live on investtalk.com and for our podcast subscribers, this is Invest Talk, independent thinking, shared success.
Invest Talk is made possible by KPP Financial, a registered investment advisor firm serving clients throughout the United States. Here is KPP Financial Chief Executive Officer, Financial Advisor, Justin Klein.

**Justin Klein** (0:35)
Good afternoon, fellow investors and welcome back to Invest Talk, another edition of Invest Talk, another week of Invest Talk. As usual, an interesting week, especially in 2026 It's been quite the year. We're knocking on the door of four months in, only the third of the way through the year and a lot has happened, which means that surely a lot more will happen this year. That moves markets, that changes sentiment, that impacts the economies of the world, the different sectors that you're dealing with. And we are here to unpack all of it. So I'm Justin Klein and my objective on this hour is to help you become a better investor, keeping you more informed, more educated, and better equipped to make smart decisions with your money. That's what this show is about each and every weekday. Now I'm gonna bring you data and perspective, but you need to bring me your ideas, your calls, your questions, because you drive the show. I know I host it, I know Luke hosts it, but this isn't about us, this is about you.
So I encourage you to reach out with your question at 888-99-CHART. Now it is that time again, for one of our most popular special events. It's a new Invest Talk Wealth webinar. It's happening online Wednesday, May 6th. That's one week from this Wednesday. So about nine days from today, 1 p.m. Pacific time.
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Now, in just a bit, we'll talk about today's market performance and run down the show topics. But as usual, we'll tackle this first caller question now.

**SPEAKER_3** (2:54)
I'm talking about the ticker TLK. I held this position. I'm wondering if things now is a good time to add a little bit more, or if I should just take my losses and cut it out of my portfolio. Thank you.

**Justin Klein** (3:06)
Looking at Telekomunikasi Indonesia, Indonesian telecom firm. We actually own this for clients. That's 6.2% dividend yield. It has been a week as of late. I think we bought it about a year ago. Trading at $16.84.
Earnings must be down 15% this year, but bounce back 70% next year. Indonesia, an economy that is one of the strongest in Asia.
And so we like that. We also like that dividend as well. And if I pull up a chart, it does look like it's hitting support here, which is the previous breakout area right around that $17 area. We pull up a weekly chart. Yeah, there's a reverse head and shoulders pattern as well that looks pretty nice. That's kind of retesting right now, that neckline, which is overall positive. So I do think this is a good opportunity. Trading at about 13 times earnings, about 12 times forward looking earnings at $1.35 next year, once again, $16.84. And you see this kind of across the foreign markets, which is a lot of very undervalued companies with consistent earnings, consistent cash flow, consistent profitability, free cash flow, trailing 12 months, 2.3 billion on a $16 billion market cap. And that continues to go up and up. So the dividend cash to compare ratio is only 55 percent. So it's certainly able to pay that dividend based on the cash flow. And then some return equity around 18 percent. So very profitable. So you can see why we like the name. So I think this is a good opportunity to pick up TLK if you're looking for foreign telecom exposure. Now we have a lot of ground to cover over the next 45 minutes or so. Time permitting, we'll get to all of it. Our main focus point is about the mega IPO setup. SpaceX and OpenAI really mean for your money and the markets. We'll look at the IPO cycle, what these issues could mean for markets, both positively and negatively. We'll also discuss the track record of IPOs. Should you be chasing IPOs, especially these mega IPOs? We'll talk about that. In addition, we have other topics on the docket.
What is the best retirement account for you? Is it traditional? Is it Roth? We'll talk about why. And then also, dividend vs. non-dividend paying stocks.