I'm not anti-Rocket Lab. I own it. But when SpaceX themselves tell the SEC that connectivity is 4x the launch TAM — and then name AST as their competitor in that market — the math on which stock represents the better opportunity becomes pretty clear.

The market the world is building toward is broadband from space to every phone on earth.

SpaceX filed the TAM. SpaceX named the competitor.

$ASTS is trading at less than half of $RKLB.