Rocket Lab Keeps Winning All the Right Kinds of Contracts
Rocket Lab (NASDAQ: RKLB) -- like the name implies -- is a company that makes rockets.
Small, expendable "Electron" rockets, for the most part (although Rocket Lab has plans to test fly a new medium-size and reusable "Neutron" rocket in either 2024 or 2025). On Wall Street, a lot of analysts have pegged the introduction of Neutron as the event that flips the switch on Rocket Lab and turns the rocket company from just one of many unprofitable space stocks into a bona fide profit-making corporation. Within a year of Neutron's introduction, analysts polled by S&P Global Market Intelligence say Rocket Lab will be earning about $0.10 a year and keep growing from there.
The truth is more complicated than that.
Source Fool.com
