Is Rocket Lab Stock a Buy Below $45?
With the stock market soaring, it may seem like you've missed the boat on some amazing investing opportunities. This is the feeling you might get when looking at Rocket Lab (NASDAQ: RKLB), a space flight stock that is up 80% year to date (YTD) and up massively since the start of 2023. With a market cap over $20 billion, you might think the easy money has already been made in this stock.
But is that actually true? Rocket Lab is a highly ambitious company that aims to build a vertically integrated space company like SpaceX and is well on its way to achieving its goals. SpaceX is valued at $400 billion or more, which is 20x the value of Rocket Lab today. Let's see if Rocket Lab still has room to run with the share price below $45.
In the last decade, no company has been able to match SpaceX's capabilities in reliable rocket launches. For both commercial and government customers, the Elon Musk company is a monopoly in medium-sized rocket launches with its Falcon program, charging over $50 million per launch for customers.
Source Fool.com
