Better Space Stock: AST SpaceMobile vs. Redwire
These companies are both aiming to sell in the fast-growing space systems economy.
Overview
Booming space stocks have started to bust after a multiyear run. This timed up perfectly after the Space Exploration Technologies IPO last month, which has sent many stocks down in an elevator-like fashion in the ensuing weeks. AST SpaceMobile (NASDAQ: ASTS) is down 52% from its highs, while Redwire (NYSE: RDW) has fallen 64%, taking investors on a roller coaster of volatility.
The two space economy stocks are now trading at massive discounts compared to just a few weeks ago. But which is the better buy for your portfolio today? If you look at the numbers, the answer is clear.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.