Waiting to Invest in SpaceX? Then This Space Economy Stock Is for You
The space economy is growing like gangbusters. This company is directly benefiting.
SpaceX has been an incredible investment, going from zero to a valuation of $350 billion in around two decades. That is, for those able to buy an ownership stake in the company. The private space flight giant has famously stayed private since its founding in 2002, even as it grows to previously unheard-of heights. Patience has turned to frustration for those waiting on the sidelines.
What if I told you there was an opportunity to buy a company similar to SpaceX at a much smaller market cap? That stock is Rocket Lab (NASDAQ: RKLB), a publicly traded rocket and space company nipping at SpaceX's heels. If you have been waiting for years to buy SpaceX, Rocket Lab may be a perfect stock for you. Here's why.
With revenue reportedly over $10 billion in 2024, SpaceX has dominated the private rocket launch market for years with minimal competition. Now, Rocket Lab looks to be the second successful player in this sector.
