RKLB Stock Recent News
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LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab has completed testing and integration of its second Pioneer spacecraft for Varda Space Industries, Inc.
Rocket Lab (RKLB) stock is firing on all cylinders, making it one of the best performing companies in Wall Street. It soared to a high of $8.96, its highest point since March 2022 and over 150% from its lowest level this year.
Rocket Lab USA, Inc. has significant growth potential with its Electron and Neutron rockets, targeting small and medium-lift satellite markets and deeper space projects. Despite negative EBITDA and cash burn, Rocket Lab's future looks promising with a $1 billion backlog and increasing space system contracts. The stock is currently fairly valued against FY24 and FY25 sales, but future growth opportunities are not fully reflected, presenting an investment opportunity.
Intuitive Machines shares soared recently in response to winning a major contract with NASA. Rocket Lab USA is arguably more attractive in that it offers a more practical and reliably marketable service.
Durable revenue growth is a key to finding winning stocks. Rocket Lab is growing like gangbusters in the burgeoning space economy.
Rocket Lab's Electron vehicle is the second-most-used orbital rocket in the U.S. Its Neutron launch vehicle could increase its carrying capacity and is expected to launch around mid-2025. The company is investing heavily in research and development and may not be cash flow positive for at least a couple of years.
MAHIA, New Zealand--(BUSINESS WIRE)--Rocket Lab successfully launched its 53rd Electron mission and deployed five satellites to Low Earth Orbit for French IoT company Kinéis.
Investors interested in RKLB should wait for a better entry point, considering its premium valuation. Those who already own this stock may continue to do so.
Rocket Lab USA, Inc. (RKLB) closed at $7.17 in the latest trading session, marking a +0.7% move from the prior day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?