If I had to choose between chasing SpaceX at $175 and buying a beaten-down Rocket Lab, I would lean towards RKLB on weakness.
The key issue is not whether SpaceX is a great company. It is. The question is whether today's price already discounts years of success. When a newly listed company rapidly becomes one of the largest U.S. firms, expectations become extremely demanding.
RKLB, meanwhile, now has a clearer investment case. Investors can compare it directly against SpaceX rather than treating it as a proxy. If the selloff is mainly due to capital rotation rather than deteriorating fundamentals, the risk-reward may improve.
That said, I would not rush into either:
SPCX: world-class business, but valuation risk is high after a parabolic move.
RKLB: more speculative, but potentially offers better upside if sentiment stabilises.
Between the two, I would rather miss part of a SpaceX rally than chase euphoria. A gradual accumulation strategy in RKLB after the pullback looks more attractive than buying SPCX after a near-20% surge.
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