Rocket Lab USA, Inc. (RKLB) closed at $3.56 in the latest trading session, marking a +0.85% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.03%. Elsewhere, the Dow gained 0.41%, while the tech-heavy Nasdaq added 0.12%.Heading into today, shares of the company had lost 11.75% over the past month, lagging the Aerospace sector's loss of 5.49% and the S&P 500's loss of 0.9% in that time.Analysts and investors alike will be keeping a close eye on the performance of Roc ...

Rocket Lab is looking more like SpaceX by the day.Five years ago, Rocket Lab USA (RKLB -3.37%) made a bold move and changed the course of the company.Since setting up shop in 2017, the tiny rocket maker had launched a total of just 10 rockets -- fewer than three per year -- out of its Launch Complex 1 (LC-1) in New Zealand. LC-1 was hardly working at full capacity. And yet, Rocket Lab had high hopes to grow its business, launch more frequently, and one day perhaps even challenge SpaceX for dominance in spac ...

The company nabs a second Space Force award this week.Another day, another contract win for Rocket Lab USA (RKLB 3.21%). Investors are taking notice, lifting shares of the space start-up as much as 6% on Thursday afternoon before closing up 3.2%.A big week for contractsRocket Lab is one of a handful of young space stocks trying to elbow in on a business traditionally controlled by a handful of large incumbents. Much of that potential business comes from the U.S. government, which has been trying to lessen i ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Rocket Lab USA, Inc. (RKLB) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Rocket Lab USA curren ...

Pixelimage Investment action I recommended a buy rating for Rocket Lab (NASDAQ:RKLB) when I wrote about it the last time, as I believed execution was still on track. There was strong evidence of this, for instance, the sold-out planned launches for FY24, HASTE contract progress, and the achievement of several milestones. Based on my current outlook and analysis of RKLB, I continue to recommend a buy rating. FY24 is going to be an important year for RKLB, and I expect good results given the continuous execut ...

MAHIA, New Zealand--(BUSINESS WIRE)--Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today launched its 45th Electron rocket, successfully deploying a fourth synthetic aperture radar satellite to Synspective’s Earth-observation constellation. “Owl Night Long,” a dedicated mission for Synspective, launched from Pad B at Rocket Lab’s Launch Complex 1 in New Zealand at 04:03 NZDT March 13, 2024 (15:03 UTC, March 12). The mission delive ...

Lintao Zhang/Getty Images News 2024 is a defining year for Rocket Lab USA (NASDAQ:RKLB). The company is in a race against time to launch its new Neutron rocket by December 15, 2024 to secure launch contracts under the third phase of the National Space Security Launch program. In addition, the company's Electron rocket is on track to have its busiest year to date as it has completed 2 launches and has 23 additional launches booked this year. With that in mind, management expects Electron launches this year t ...

Once space was no longer the sole province of government but was opened to private enterprise the possibility for real entrepreneurship was born. It is impossible to not be awed by watching a SpaceX Falcon 9 rocket returning to the launch pad for reuse. The possibility of real space travel and space tourism has never been greater. Analysts at Morgan Stanley believe the space economy could evolve into a $1 trillion opportunity by 2040.Failures will litter the industry’s evolution, however. Even a wildly succ ...

Shares of tiny rocket-maker Rocket Lab (RKLB -3.62%) took a tiny tumble Tuesday morning, sliding 2.7% through 10:55 a.m. ET on what might have been good news for the company.Last night, NASA announced 15 space companies that will provide it with payload integration services aboard "suborbital rockets, high-altitude balloons, orbital spacecraft and satellites, and, in some instances, suborbital rockets that can accommodate carry people." Rocket Lab was one of the recipients...but only one of many.Who got NAS ...

Financial Data and Key Metrics Changes - The company achieved a record of ten launches in 2023, surpassing the previous record of nine launches [89] - The company expects growth in top-line revenue and gross margin expansion in 2024, although this will be offset by increased investment in the Neutron program [9][56] - The adjusted EBITDA positivity is contingent upon successfully launching the first Neutron vehicle [10] Business Line Data and Key Metrics Changes - The company signed 25 new launch contracts in 2023, including 18 Electron missions and seven HASTE missions, indicating strong demand for the Electron launch service [90] - The gross margin for the launch business is expected to increase sequentially, but overall gross margin may decline due to the growth in lower-margin space systems contracts [75] Market Data and Key Metrics Changes - The company is positioned to increase its launch cadence significantly with two operational launch sites [90] - The company is seeing a shift in customer preference from rideshare missions to dedicated Electron launches, enhancing its market position [22] Company Strategy and Development Direction - The company aims to become a prime contractor, as evidenced by securing a $0.5 billion contract with the Space Development Agency to design and build 18 spacecraft [91] - The company is focusing on vertical integration to control supply chain efficiencies and quality, which is critical for future contracts [92] - The long-term strategy includes moving into the services market, which is projected to be a larger total addressable market compared to launch services [41][42] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of getting the Neutron vehicle to the launch pad as a critical milestone for future growth and service offerings [50] - The management noted that while there are challenges in the market, they are optimistic about the potential for acquisitions as seller expectations may begin to align with market realities [16][17] Other Important Information - The company is establishing a space structures complex in Maryland to support the production of large composite structures for Neutron and other projects [104] - The company has successfully recovered the first stage of the Electron rocket, which will enhance its operational efficiency and reduce costs [108] Q&A Session Summary Question: What is the timeline for Neutron's first flight? - Management indicated that the schedule is aimed for the end of 2024, with significant milestones to be achieved before then [105] Question: How does the company view the spending on Neutron? - The spending is expected to be consistent and increase as the company progresses through 2024, with a total budget of approximately $300 million for the Neutron program [59][60] Question: What are the expectations for future acquisitions? - Management noted that while seller expectations remain high, there are opportunities for strategic acquisitions that align with the company's growth plans [15][16] Question: How is the company positioned in the competitive landscape? - The company aims to be a prime contractor and has reached a critical mass in capabilities to effectively lead missions, which positions it well against competitors [68]