Rocket Lab's stock has dropped nearly 70% from its all-time high. Investors weren't pleased with its persistent losses.
The space exploration tech supplier makes a crucial addition to its C-suite. It has hired a new COO.
Rocket Lab just delivered two spacecraft to NASA for a mission to Mars. The company is proving its capabilities and trying to boost its launch offerings with the upcoming Neutron rocket.
Rocket Lab demonstrated solid growth in its most recent quarter, and highlighted a significant Mars mission. The company is still in its early days and significant risks remain, but management is executing well on their plan.
Rocket Lab recently shared positive updates about the development of its upcoming Neutron rocket. This article examines these updates more closely, and considers the potential financial impacts of successful Neutron development. Overall, I maintain a strong buy rating for RKLB stock.
Space stocks are getting exposure with recent ASTS contracts. Rocket Lab has a strong cash position of $540m, setting them apart from struggling competitors. Anticipation of revenue growth from Neutron, space systems, and Haste missions leading to potential stock price increase to $15 by end of 2025.
Rocket Lab is growing quickly and is the only real competitor to SpaceX. The company is coming out with a larger rocket soon that should supercharge growth.
Rocket Lab showed fantastic growth in its Q2 earnings report last week. It's not the only space company that's growing, however.
The space industry is growing and nearing a pivotal era as companies like Virgin Galactic (SPCE), Blue Origin, and SpaceX start offering their services. A report by Morgan Stanley estimates that the industry is worth about $350 billion and that it will get to $1.8 trillion in 2035.
We rated Rocket Lab a 'Strong Buy' in January due to the company's sizable backlog, progress on Neutron, and potential 'space economy' upside. Today, the company continues to execute, and we like management's freshly articulated strategic aim for the company - to get into space services. While the valuation is speculative, we think it's worth taking a shot on this competent team and impressive track record.
Elon Musk's impressive innovations include SpaceX, valued at $210 billion, dominating commercial spaceflight and benefiting Starlink with over 3 million subscribers. Rocket Lab, a competitor to SpaceX, has seen a 71% revenue increase in 2Q24, with a strong backlog and strategic R&D investments for future growth. While Rocket Lab is not yet profitable, its success with the Electron rocket and upcoming Neutron project positions it well against competitors like SpaceX, showing significant potential for the future.
Rocket Lab is one of the most innovative stocks in the market today.