Should You Sell AST SpaceMobile to Buy SpaceX at IPO?
Is it time to dump David and buy Goliath?
Should You Sell AST SpaceMobile to Buy SpaceX at IPO?
Overview
SpaceX, the aerospace and AI company founded by Elon Musk, will go public on June 12. It could raise $75 billion at a valuation of $2 trillion, making it the biggest IPO in history.
Many investors are selling other stocks to free up cash to buy SpaceX's shares. However, one stock that resisted that sell-off was AST SpaceMobile (NASDAQ: ASTS), which operates in the same satellite internet services market as SpaceX's Starlink.
Details
Instead, AST's stock rallied more than 30% this year as SpaceX's looming IPO lifted most space stocks. Should investors take profits in AST today to buy more shares of SpaceX?
Source
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.
