Where Will Rocket Lab Be in 10 Years?
Rocket Lab (NASDAQ: RKLB) stock has posted big valuation gains over the last year, rising roughly 178% as of this writing. The gains have been propelled by strong sales growth, new and expanded partnerships, and general interest surrounding space stocks.
But the stock has seen a substantial pullback from its lifetime valuation high reached this May and currently trades down roughly 34.5% from its peak. Despite the valuation contraction, the company still has a market capitalization of roughly $56.7 billion and is valued at approximately 62 times this year's expected sales.
With Rocket Lab's big expansion opportunities and high-risk valuation profile in mind, where will the company be 10 years from now?
Source Fool.com
