Elon Musk's SpaceX IPO Reset the Entire Space Sector. Here Are 2 Space Stocks I Would Buy the Dip On Without Hesitation.
The post-IPO SpaceX sell-off created an attractive buying opportunity in Rocket Lab and AST SpaceMobile, whose long-term fundamentals remain stronger than recent stock performance suggests.
Overview
When Space Exploration Technologies Corp. (NASDAQ: SPCX) went public last month, it didn't just mint a new trillion-dollar stock; it sucked the air out of the room for every other space industry stock on the market. Investors sold shares of nearly every other space company to free up cash for the shiny new giant, and the whole group tumbled in what I like to call the "SpaceX Effect."
Rising interest rates helped compound the sell-off, hitting these long-duration growth stories especially hard. To me, that kind of indiscriminate, sentiment-driven sell-off is exactly when opportunity shows up.
Details
Here are two names I'd buy the dip on without hesitation.
Source
Originally published at www.fool.com.