SpaceX’s upcoming IPO on June 12 is generating significant buzz, with projections suggesting it could become the largest IPO in history. The U.S. government is backing space exploration for both scientific and national security reasons, leading to a projected $2 trillion space economy by 2040. This environment presents a ripe opportunity for investors, particularly in companies like AST SpaceMobile and Intuitive Machines.
AST SpaceMobile (NASDAQ: ASTS) is positioning itself as a competitor to SpaceX’s Starlink by offering direct-to-cellular broadband from space. Despite recent setbacks, including a failed satellite launch, AST plans to deploy 45 to 60 satellites this year, supported by contracts with major telecom providers. Meanwhile, Intuitive Machines (NASDAQ: LUNR) has made headlines for its lunar landing achievements and has secured $429 million in new government contracts, contributing to a revenue surge and a substantial backlog.
Investors should consider these two companies as viable options ahead of SpaceX’s IPO, given their strong government contracts and growth potential in the expanding space sector.
Source: fool.com