Rocket Lab Stock: Buy, Sell, or Hold?
The space economy is growing like gangbusters. Jeff Bezos recently said that he thinks his space flight company Blue Origin will eventually be larger than Amazon, the technology giant he founded. For reference, Amazon currently has a market capitalization of over $2 trillion. That is quite an optimistic statement from Bezos.
Unfortunately, individual investors cannot invest in Blue Origin, as it is a privately held company. They also can't invest in SpaceX, which is run by Elon Musk and is privately held. So how does one invest in the space economy as an individual? Well, some investors have found what looks like an answer: Rocket Lab (NASDAQ: RKLB). The stock is up 366% so far this year, and it has grand ambitions to dominate the space economy.
However, with the stock up so much, some investors might think they have missed the boat with Rocket Lab. Is the stock a buy, sell, or hold at a price of $25? Let's investigate further into this space upstart and find out.
Source Fool.com
