Is Rocket Lab USA Stock a Buy?
In the past few decades, space exploration has evolved from predominantly government-led projects to a vibrant sector dominated by private enterprises. Companies like SpaceX and Blue Origin have taken the lead, drawing significant interest from investors eager to capitalize on the burgeoning industry.
However, SpaceX has made it clear that it does not plan to launch a public stock offering in the near future. So for investors seeking alternatives, Rocket Lab USA (NASDAQ: RKLB) is one compelling option. The company has experienced remarkable growth, with its stock price skyrocketing by 389% from its 52-week low in mid-April.
Rocket Lab has made a name for itself as the second-most-used company in the U.S. for space launches. It continues to increase its launch cadence and boasts a robust order backlog. Here's what you should know if you're considering an investment in Rocket Lab today.
Source Fool.com
