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5 Stocks That Could Be Alternatives to Musk's Companies

5 Stocks That Could Be Alternatives to Musk's Companies

Al Root hedcut

Investors could build a basket of stocks that could benefit if government contracts are pulled from Musk's companies.

Barron’s has described Rocket Lab—a smaller space launch service provider—as a mini-SpaceX. It is valued at almost $12 billion. SpaceX is valued at about $350 billion. Shares were up 6.8% in Friday trading, putting shares up about 1% over the past five days.

AST SpaceMobile is a little like SpaceX’s Starlink. It offers space-based communications services, which accounts for about 80% of SpaceX's value, according to Rainmaker Securities CEO Glen Anderson. AST stock was down 2.6%.

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