Does the SpaceX IPO Mean You Should Ditch Rocket Lab?
The space flight competitor is falling while SpaceX is soaring.
Does the SpaceX IPO Mean You Should Ditch Rocket Lab?
Overview
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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Originally published at www.fool.com.



