The Catalyst Is Coming. Here's Why Smart Investors Are Buying MP Materials Before the SpaceX IPO.
Written by Steven Porrello for The Motley Fool -> MP Materials owns and operates the only large-scale rare-earth mine in the U.S. Permanent magnets are used to orient satellites toward Earth once they're in orbit. MP could become a domestic supplier of permanent magnets to the
MP Materials owns and operates the only large-scale rare-earth mine in the U.S.
Permanent magnets are used to orient satellites toward Earth once they're in orbit.
MP could become a domestic supplier of permanent magnets to the U.S. aerospace industry.
MP Materials (NYSE: MP) is a company you might've never heard of, but whose core product is likely embedded in devices you use every day.
Operationally, MP currently controls the only large-scale rare-earth mine in the U.S. -- the Mountain Pass mine in California. Rare-earth elements like neodymium and praseodymium pass from this mine into its processing facilities, where they're processed into materials used to make high-performance magnets. These magnets, in turn, are used in electric vehicles, smartphones, laptops, clean energy technology, missiles, and satellites, among other applications.
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Over the last year, MP has emerged as the U.S.'s rare-earth champion. In July 2025, it was the beneficiary of a $400 million package from the Department of Defense, which, in the same deal, also guaranteed a competitive price floor of $110 per kilogram for neodymium and praseodymium.
Lately, however, MP has fallen into the background, its 19% gain in 2026 far short of the 223% run it had in 2025. Yet with the SpaceX IPO scheduled for June 12, MP Materials could get a major long-term boost. Here's why.
