Kappu
06-07

For a long-term investor who believes in space infrastructure, satellite communications, and future growth, SpaceX could be one of the most important companies to own over the next decade. However, at a valuation near $1.75 trillion, much of that optimism may already be reflected in the price.

SpaceX Surges 20% at Debut! Rocket Lab Craters, Fair Value at?
SpaceX (SPCX) extended its post-IPO rally, surging another 19.22% and briefly hitting $175 Friday, vaulting to the sixth-largest U.S. company by market cap and leaving space peers behind. Meanwhile, Rocket Lab (RKLB) — long used as a SpaceX proxy — plunged 10.79% as capital rotates back to the real asset. Bulls cite "25x 2027 sales is fair if you understand Starship"; bears say wait for a pullback. Now that SpaceX trades directly, does the proxy premium still hold — and will you chase SPCX or buy the RKLB dip?
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