Thinking About Buying SpaceX? These 2 Stocks Should Be Better Bets
The space company is popular right now, but these other corporations look more attractive.
Overview
Space Exploration Technologies (NASDAQ: SPCX) has been one of the hottest stocks on Wall Street in the past two months. The company's work with reusable rockets has revolutionized space travel, and its artificial intelligence (AI) ambitions may be even more promising. However, SpaceX is an expensive stock with a market cap of nearly $2 trillion, despite generating just $7.8 billion in revenue in its latest quarter and being unprofitable.
The market is betting on the company's massive long-term opportunities across space travel and other areas, but any setback may send the stock down significantly. SpaceX is a risky stock, and there are lots of other companies investors should consider before it. Here are two examples: Intuitive Surgical (NASDAQ: ISRG) and Veeva Systems (NYSE: VEEV).
Image source: The Motley Fool.
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Originally published at www.fool.com.