Why Rocket Lab Stock Launched Higher in November
Rocket Lab USA (NASDAQ: RKLB) has taken investors on a wild ride since joining public markets in August via a merger with a special purpose acquisition company (SPAC). November saw the stock gain altitude, up 12.9% for the month according to data provided by S&P Global Market Intelligence.
Rocket Lab is one of a number of space starlets that have gone public in recent years, largely through SPACs. It has mostly been space tourism stocks like Virgin Galactic Holdings that have captured the imagination and gotten most of the attention, but Rocket Lab could end up being the better business.
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Source Fool.com
