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Markets · Investing · Business
Finance
Does the SpaceX IPO Mean You Should Ditch Rocket Lab?
The space flight competitor is falling while SpaceX is soaring.
Well, it finally happened. Space Exploration Technologies(NASDAQ: SPCX) has gone public, and it is officially the largest IPO in history. As the seventh-largest company in the world by market value, all the oxygen in the stock market is being sucked away from other space-economy stocks into the Elon Musk-led rocket launch and artificial intelligence (AI) giant.
Take Rocket Lab(NASDAQ: RKLB). The upstart spaceflight competitor has seen its shares quickly dip 32% from their highs in anticipation of the SpaceX IPO. At around $100 a share, should you buy the dip on Rocket Lab? Or should you ditch it and buy SpaceX shares?
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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.
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