Space stocks are getting a lot of attention this summer.
Some of that can be attributed to the buzz surrounding Space Exploration Technologies (NASDAQ: SPCX) and its record-setting IPO last month that raised nearly $86 billion
SpaceX already sports a market capitalization of more than $2 trillion, making it one of just a handful of stocks in the trillion-dollar club. But the stocks getting the most attention aren’t always the best investment opportunities. SpaceX stock has an extreme valuation, meaning investors have already priced it to perfection.
However, there are other compelling investment options in the space stock arena. Two that stand out are Rocket Lab (NASDAQ: RKLB) and Redwire (NYSE: RDW). Let’s look at both.