Is Rocket Lab USA Stock a Buy Now?
Rocket Lab USA (NASDAQ: RKLB), a producer of reusable orbital rockets, went public by merging with a special purpose acquisition company (SPAC) on Aug. 25, 2021. It opened at $11.58 on its first trading day, but it sank to an all-time low of $3.72 on June 29, 2022.
Rocket Lab's stock stumbled as it slightly missed its own pre-merger estimates. Rising interest rates also compressed its valuations, drove investors toward more conservative investments, and cast a harsh light on its persistent losses.
However, it bounced back as it launched more rockets and won new contracts. By Jan. 3, 2025, its stock closed at a record-high of $31.57 per share. But as of this writing, it trades at just under $20. Does that near-40% pullback represent a buying opportunity for growth-oriented investors?
Source Fool.com
