Rocket Lab Stock: Buy, Sell, or Hold?
The age of private space flight is upon us. Catalyzed by SpaceX's large reusable rockets, commercial customers are now able to easily and reliably launch stuff (mostly satellites) into space. Analysts estimate the entire space economy to be worth $630 billion in 2023 and expect it to boom to $1.8 trillion by 2035 due to the huge growth in private space offerings, which is a lot of spending for suppliers to go after.
Given this booming demand, there are many companies vying to be the next SpaceX. Enter Rocket Lab (NASDAQ: RKLB). The upstart is growing strongly and has major ambitions to compete with SpaceX and become a fully integrated space flight company. Shares are on a tear in 2024, up over 100% year to date (YTD). Is Rocket Lab stock a buy, sell, or hold at these prices? Time to dig into the numbers and find out.
What is a vertically integrated space flight company? Rocket Lab management defines it as a company that can offer customers the full space flight package for any mission. It wants to provide launch capabilities, hardware systems that operate in space, and software analytics services.
Source Fool.com
