This $5 billion company is poised to thrive in an industry that could surpass $1 trillion by 2040.
Bloomberg Technology is on the road for a deep dive into the space and defense tech industry. Executives from Rocket Lab, Varda Space, Northwood and Anduril sit down with Ed Ludlow and Caroline Hyde at Rocket Lab's manufacturing facilities in Southern California.
Rocket Lab CFO Adam Spice joins Ed Ludlow and Caroline Hyde at Rocket Lab's manufacturing facilities in Southern California to discuss the business of space, competition with SpaceX and others, and the space tech ecosystem in the region. -------- Like this video?
Rocket Lab's latest contract win doesn't seem to be as big news as it might have been.
Rocket Lab's revenue surged 71% YoY to $106M in Q2 2024, with gross margins remaining steady, indicating efficient revenue scaling without sacrificing profitability. The Neutron rocket project, crucial for Rocket Lab's future, is progressing well but has a delayed launch date to mid-2025. Rocket Lab's Electron rocket remains the most frequently launched small rocket globally, showcasing the company's strong operational capabilities in a challenging industry.
This company has large ambitions, but that doesn't come without risks.
Rocket Lab USA competes with SpaceX and has made 11 launches in 2024.
Rocket Lab's stock surged over 100% in the past year due to growing investor optimism over the company's future. Neutron is on the horizon and the backlog continues to grow. Despite some risks, RKLB looks like an interesting long-term play.
Rocket Lab stock is up over 80% this year.
Rocket Lab USA Inc. RKLB shareholders recently saw RKLB stock hit a new 52-week high of $8.98 per share. As of this writing, it's pulled back a little to $8.69 per share but is still one of the best-performing stocks in 2024 and over the last 12 months.
Rocket Lab USA Inc.'s shares are soaring 12.1% Friday, boosted by KeyBanc Capital Markets' price-target hike for the space-launch company.
Rocket Lab is up nearly 40% this week, thanks in part to a price target hike from KeyBanc. KeyBanc analyst Michael Leshock believes Rocket Lab will succeed in scaling its business, and become a leader in the space industry.