2 Industrial Stocks to Buy After the SpaceX IPO
Rocket Lab and Leidos are better-priced space stocks than SpaceX.
2 Industrial Stocks to Buy After the SpaceX IPO
Overview
The blockbuster initial public offering (IPO) for Space Exploration Technologies (a.k.a. SpaceX) has sent shockwaves through the market, turning it into a multitrillion-dollar giant. That historic debut triggered a temporary liquidity vacuum, with some investors selling off smaller aerospace positions to fund their SpaceX orders, but it ultimately validated the huge scale of the modern space economy.
With SpaceX having a premium valuation that leaves almost zero room for error, the smarter risk-reward plays often lie in the crucial infrastructure and defense partners supporting this boom. Here are three compelling reasons to buy Rocket Lab (NASDAQ: RKLB) and Leidos (NYSE: LDOS) in a post-SpaceX IPO world:
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Originally published at www.fool.com.
