The Catalyst Is Coming. Here's Why Smart Investors Are Buying MP Materials Before the SpaceX IPO.
Permanent magnets are used in satellites for propulsion and stabilization. Could MP and SpaceX partner in the future?
The Catalyst Is Coming. Here's Why Smart Investors Are Buying MP Materials Before the SpaceX IPO.
Overview
MP Materials (NYSE: MP) is a company you might've never heard of, but whose core product is likely embedded in devices you use every day.
Operationally, MP currently controls the only large-scale rare-earth mine in the U.S. -- the Mountain Pass mine in California. Rare-earth elements like neodymium and praseodymium pass from this mine into its processing facilities, where they're processed into materials used to make high-performance magnets. These magnets, in turn, are used in electric vehicles, smartphones, laptops, clean energy technology, missiles, and satellites, among other applications.
Details
Over the last year, MP has emerged as the U.S.'s rare-earth champion. In July 2025, it was the beneficiary of a $400 million package from the Department of Defense, which, in the same deal, also guaranteed a competitive price floor of $110 per kilogram for neodymium and praseodymium.
Source
Originally published at www.fool.com.
