These stocks of SpaceX rivals are getting a boost
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All may not be lost, though. If you truly want to invest in SpaceX, a copycat business in Rocket Lab ( RKLB 9.43%) may be for you. Here's why anyone clamoring to buy SpaceX stock should seriously consider Rocket Lab for their portfolio instead.
Would-be rivals of Elon Musk’s SpaceX were bouncing around as the market tried to gauge if the billionaire’s falling out with President Donald Trump would leave more room for competitors. Rocket Lab shares were rising 3.
Ross Gerber said Musk's beef with Trump is a "disaster," and used the episode as an opportunity to sell more shares.
Researchers estimate that the space economy is worth over $500 billion with heavy spending from governments around the world along with private-company partners, and that figure is expected to grow to around $1.
Shortly after the market opened, Tesla stock rose 5.4% to $300.09. The rise is a relief. Tesla stock was roughly $355 before the feud started escalating. Shares closed at $284.7, dropping 14% on Thursday,
Elon Musk's escalating feud with President Trump could have serious financial fallout for the tech billionaire's companies.
Shares of AST SpaceMobile ( ASTS 0.55%) are moving higher this week, up 33.9% as of 2 p.m. ET from last Friday's close. The gain comes as the S&P 500 gained 1.5% and the Nasdaq-100 gained 2.2%.
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Elon Musk’s Fury Ignites Space Meltdown—Spacex’s Dragon Capsule Exit Threatens U.S. Access to ISSElon Musk, the head of SpaceX, has announced that he may shut down the company’s Dragon spacecraft. This decision could seriously affect NASA, because Dragon is currently the only U.S. spacecraft that can carry American astronauts to and from the International Space Station (ISS).