These rocket stocks sold off on the SpaceX IPO. KeyBanc says it's time to buy the dip

KeyBanc said Firefly and Rocket Lab could benefit from SpaceX's record-smashing IPO, even though both initially fell after the Musk-controlled firm's debut. The note suggests the IPO may lift sentiment and valuation interest across the space-launch peer group. The article is largely commentary-driven and is unlikely to drive a large near-term market move on its own.

Analysis

KeyBanc said Firefly and Rocket Lab could benefit from SpaceX's record-smashing IPO, even though both initially fell after the Musk-controlled firm's debut. The note suggests the IPO may lift sentiment and valuation interest across the space-launch peer group. The article is largely commentary-driven and is unlikely to drive a large near-term market move on its own.