SpaceX IPO vs. Rocket Lab: Which to Buy?

SpaceX priced its IPO at $135 per share, giving it a roughly $1.77 trillion valuation. Rocket Lab reported record revenue of approximately $602 million in 2025, up 38% year over year, with a backlog over $2 billion. SpaceX dominates launch and Starlink, while Rocket Lab builds satellites and spacecraft components for commercial and government clients.