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Is Rocket Lab a Good Aerospace Stock to Add to Your Portfolio? -Breaking

by Mike Robinson

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© Reuters. Rocket Lab: Is it a great stock for your aerospace portfolio?

Rocket Lab USA (RKLB), a satellite launcher company, is one of the most prominent in the world. Since its August 25 stock exchange debut, it has seen double-digit gains. RKLB’s stretched valuation and low profit margins make it a questionable investment. The company’s most successful orbital small launch vehicle Electron, has successfully launched 105 satellites on 18 missions. The second-most frequently launched rocket in America is Electron. RKLB is fourth in the world’s most used satellite launchers.

RKLB was made public by Vector Acquisition on August 25, 2021 through a reverse merger. Since then, the stock has gained 17.7% to close yesterday’s trading session at $12.28. This merger netted RKLB $777million in gross proceeds, which is $4.80 billion. Regarding this, RKLB CEO Peter Beck said, “It’s a tremendous amount of capital … really puts us in a position not only to be aggressive in our organic growth but aggressive on our inorganic growth as well.”

RKLB operates in an extremely competitive market with many aeronautical businesses rising to prominence. Popular start-ups such as Virgin Galactic Holdings Inc. (NYSE:), Jeff Bezos-backed Blue Origin, and Elon Musk’s SpaceX are some of the biggest competitors of RKLB, despite the differentiated operations.

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