Coming into Friday trading, shares of space startup Rocket Lab were up 53% since its Nov. 12 third quarter earnings report, 90% since the Nov. 5 election, and 305% year to date.
From a technical perspective, Rocket Lab USA, Inc. (RKLB) is looking like an interesting pick, as it just reached a key level of support. RKLB recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
Shares of Rocket Lab USA are entering a new stratosphere.
Space is hard. Justifying Rocket Lab's stock price may be harder.
Rocket Lab Is Raising Prices -- and Happy About It
The space flight upstart posted strong quarterly earnings and gave some big updates for its new product lines.
Rocket Lab is hot off a blockbuster quarterly report. So why is the stock going down?
Peter Beck, founder and CEO of Rocket Lab, joins 'Closing Bell: Overtime' to discuss the company's recent strong quarterly earnings, elevated guidance for Q4, and the continued growth in both Electron launches and Rocket Lab's expanding Space Systems segment. Beck shares insights on how Rocket Lab's end-to-end space service model—covering everything from launches to satellite systems—supports the company's long-term goal of profitability and industry leadership.
Shares of Rocket Lab USA (NASDAQ: RKLB), an aerospace manufacturer and launch-service provider, were up 50% in midday trading on Wednesday, after earnings beat Wall Street estimates.
Rocket Lab's stock has surged 133% since September, with a total return of 355% since November 2023, driven by strategic growth and new contracts. I bought Rocket Lab shares due to its innovative approach in the launch market and the development of the Neutron rocket, despite initial regret for not investing earlier. Rocket Lab's revenues are growing, especially in the Space Systems segment, with a strong cash position to support Neutron rocket development without discounting future launches.