Rocket Lab (RKLB 3.18%) stock lost ground across the last week of trading. The company's share price declined 9.5% across the stretch, according to data from S&P Global Market Intelligence.
If you're looking for a millionaire-maker stock, one way to do it is finding a small company pioneering a massive long-term opportunity. Rocket Lab USA (RKLB 3.50%) certainly seems to fit the bill as it aims to capture a slice of the rapidly expanding space satellite and rocketry industries.
Rocket Lab USA Inc. NASDAQ: RKLB has emerged as one of the most impressive performers in the aerospace and defense sector in 2024. The stock has gained an astounding 280% this quarter alone, cementing its status as a favorite among retail investors.
Rocket Lab's $1.05 billion backlog (+80% YoY) includes $326M in launch services and $721M in space systems. Q3 2023 revenue hit $105M (+55% YoY), driven by $83.9M from space systems and $21M from launches. $44M invested in Q3 for reusable Neutron, targeting mid-2025 test flight and scalable launch operations.
Shares of Rocket Lab (RKLB -11.46%) soared 155% in November, according to data from S&P Global Market Intelligence. The space flight and rocket company keeps announcing new missions and posted a promising earnings result in the month.
Rocket Lab USA (RKLB -11.16%) stock is falling in Monday's trading. The company's share price was down 11% as of 2:30 p.m.
RKLB clinches a $23.9 million award from the U.S. Department of Commerce to enhance its Albuquerque facility's manufacturing capacities.
Rocket Lab's rapid growth, disciplined strategy, and innovative capabilities position it as a serious contender in the space industry, with a 55% revenue increase and 80% backlog surge. Despite its high valuation at 32.5x sales, Rocket Lab's focus on premium contracts and reliable execution supports its long-term potential. The upcoming Neutron rocket and diverse revenue streams from components and launches enhance Rocket Lab's market position as an end-to-end space player.
Rocket Lab (RKLB 6.27%) investors just keep on winning. The space flight company is up around 500% in the last 12 months, which is more than double the returns of Nvidia in that same time frame.
RKLB achieves an impressive milestone by completing two successful rocket launch missions in less than 24 hours.
Rocket Lab USA Inc. RKLB is soaring, both figuratively and literally. The SpaceX rival's stock jumped over 8% on Tuesday after securing a $23.9 million CHIPS Act grant to enhance its semiconductor operations in New Mexico.
Rocket Lab (RKLB 8.03%) stock scored a fourth straight day of gains on Tuesday, rising another 8.2% through 10 a.m. ET, bringing this space stock's gains to 27% over the past week.