Rocket Lab's launch rate is going up -- and so is its stock price.
Shares of Rocket Lab USA Inc. are up 6.1% Thursday after KeyBanc Capital Markets raised its price target for the space-launch company.
In the closing of the recent trading day, Rocket Lab USA, Inc. (RKLB) stood at $10.81, denoting a +1.22% change from the preceding trading day.
The rocket business had a huge week, and Rocket Lab wasn't the only big news.
This rocket launch company is growing quickly.
Rocket Lab USA is still one of the market's most promising space stocks.
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.