SpaceX will likely become the largest IPO in history on June 12 at a $1.77 trillion valuation, 95 times 2025 sales and four times oversubscribed. Rocket Lab and AST SpaceMobile are smarter buys, benefiting from the same markets without SpaceX's volatility. Rocket Lab has launched 88 rockets; AST plans 45 to 60 satellites by end of 2026.
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