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SpaceX, RocketLab rated Neutral, ASTS rated Overweight at Piper Sandler (SPCX:NASDAQ)

America at night viewed from space with city lights showing activity in United States. 3d render of planet Earth. Elements from NASA. Technology, global communication, world. USA.

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Piper Sandler late Wednesday initiated coverage of three prominent space-sector companies, assigning an Overweight rating to AST SpaceMobile (ASTS) while starting coverage of Rocket Lab (RKLB) and SpaceX (SPCX) with Neutral ratings.

For investors, the firm’s central message is that while

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