Halfway Into 2024, This Cathie Wood Stock Is Down 9%. But Does Recent News Suggest It Could Be Headed for the Moon?

Let's dive into why this could end up being a lucrative move by Wood and assess if Rocket Lab shares could be headed higher. Elsewhere, the company is in line to receive up to $24 million in federal funding under the CHIPS Act to help finance the production of semiconductors that are used in spacecraft. It's important to understand that space exploration is a capital expenditure (capex)-intensive business. But even with these hefty costs, the revenue trend illustrated above suggests that Rocket Lab is capab ...