The space economy is a fascinating investment opportunity, but there are limited pure-play space stocks to choose from. Elon Musk's SpaceX is the industry leader by a wide margin, but it's not publicly traded.
It's not always an easy task to determine which figures matter more when investing.
Rocket Lab secured a $5.6 billion NSSL Phase 3 contract, enhancing its defense and government contract portfolio and showcasing confidence in its Neutron rocket. The contract, though a framework, signifies major support for Rocket Lab's Neutron rocket, which is still under development with launches expected in 2025-2026. Rocket Lab's growth strategy includes higher launch activity, organic growth in Space Systems, and acquisitions like Mynaric, aligning with its end-to-end space solutions objective.
On Jan. 26, Rocket Lab (RKLB 1.14%) was just coming off its best stock price day ever. Before the weekend began, Rocket Lab had touched -- then passed -- $30 a share, and a lot of investors were convinced it would go higher.
In the closing of the recent trading day, Rocket Lab USA, Inc. (RKLB) stood at $18.62, denoting a +1.09% change from the preceding trading day.
CNBC's Morgan Brennan on the latest in space and space travel investing.
Rocket Lab's (RKLB) stock launched before falling with the rest of the market after securing a $5.6 billion contract with the U.S. Air Force. This adds to the company's prior contract with the U.S. Department of Defense.
Rocket Lab (RKLB 2.06%) shareholders received some wonderful news Thursday night when the U.S. Department of Defense announced that the company, along with privately held Stoke Space, had been added to "Lane 1" of Phase 3 of the National Security Space Launch program by U.S. Space Force.
Investors interested in RKLB stock should wait for a better entry point, considering its premium valuation and poor year-to-date share price performance.
Rocket Lab USA shares were 6% higher, to $19.40, after the company said it has been selected by the U.S. Space Force to compete for the Department of Defense's highest-priority national security missions for its National Security Space Launch Phase 3 Lane 1 program.
Rocket Lab USA Inc (NASDAQ:RKLB) was last seen up 5.9% to trade at $19.50, after the U.S. Space Force awarded the aerospace & defense name a national security contract, meaning the company will receive $5 million to expand its launch system portfolio for critical space capability, and can now compete for future U.S. national security launch missions.
Shares of space technology start-up Rocket Lab soared early Friday after the company announced potential new business with the U.S. Space Force.