SpaceX’s anticipated IPO is capturing investor attention, but two space stocks are already positioned for growth: AST SpaceMobile and Rocket Lab. AST SpaceMobile is on the verge of commercializing its satellite-based cellular broadband network, with significant revenue forecasts suggesting a leap from $4.4 million in 2024 to $777 million by 2025. Partnerships with major telecoms like AT&T and Verizon bolster its prospects, making it a compelling option for investors looking at immediate profitability in the satellite sector.
Rocket Lab, while known for its launch services, is pivoting towards becoming a leader in space hardware. Its space systems segment has outpaced its launch division, with both units showing robust growth. Despite a high valuation—trading at over 73 times trailing sales—analysts project continued double-digit sales growth, indicating that the stock could maintain its upward trajectory as it approaches profitability.
For market professionals, the upcoming SpaceX IPO could serve as a catalyst for broader interest in space stocks, potentially lifting the profiles of AST SpaceMobile and Rocket Lab as they capitalize on the growing demand for satellite-based services and hardware.
Source: nasdaq.com