SpaceX Is Pulling Back. These 3 Stocks Are the Biggest Beneficiaries.
AST SpaceMobile, Rocket Lab, and Intuitive Machines could attract more investors.
SpaceX Is Pulling Back. These 3 Stocks Are the Biggest Beneficiaries.
Overview
Many space stocks soared before SpaceX (NASDAQ: SPCX) went public on June 12. But after SpaceX's IPO, many of those stocks gave up their gains. Some investors likely took profits in those smaller space stocks and chased SpaceX's post-IPO rally instead.
SpaceX listed its IPO shares at $135, and its stock started trading at $150 before setting a record high of $225.64 on June 16. At its peak, its market cap hit $2.66 trillion -- or 142 times its 2025 revenue of $18.7 billion -- and sucked the oxygen out of the rest of the space sector.
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Originally published at www.fool.com.
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