Staying Away From SpaceX? Here Are 3 Other Stocks That Can Boost Your Portfolio's Satellite Economy Exposure.
Yahoo Finance ·
Space Exploration Technologies went public on June 12 in the biggest market debut in history. After some significant ups and downs since then, its market capitalization is still around $2 trillion, and given its lofty price-to-sales ratio of over 100, many investors are -- smartly -- staying on the sidelines. If you want exposure to the satellite industry -- the key economic engine of SpaceX -- without that premium price tag, here are three stocks to consider . Rocket Lab USA ( RKLB 5.95% ) is the closest peer to SpaceX in its core businesses. It launches rockets and manufactures satellites and satellite components.
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