Rocket Lab Corporation Common Stock (RKLB)
Rocket Lab USA, Inc. (RKLB) is an aerospace company specializing in small satellite launch services and space systems. Founded to develop cost-effective and reliable launch solutions, it operates advanced rocket systems designed to deliver small payloads to orbit. The company also focuses on developing integrated space systems, including satellite components and related space technologies.
Company News
NASA opened the Artemis 3 lunar mission contract to competition after SpaceX missed its timeline, prompting Elon Musk to criticize NASA's acting administrator Sean Duffy. Several space-related companies saw stock gains following the announcement.
Morgan Stanley raised Rocket Lab's price target to $68, highlighting the company's recent rocket launch contracts in Japan. Despite the positive outlook, the analyst believes the stock is currently overvalued compared to SpaceX's early valuation.
Rocket Lab has signed a direct contract with Japan Aerospace Exploration Agency (JAXA) for two dedicated Electron rocket launches, with the first mission scheduled for December 2025 to deploy the RAISE-4 spacecraft demonstrating eight Japanese technologies.
Rocket Lab has experienced significant stock growth, surging 141% year-to-date, driven by successful Electron rocket launches and anticipation for its upcoming Neutron rocket. The company is expanding its international presence and positioning itself as a strong competitor in the space launch industry.
Rocket Lab USA, Inc. (RKLB) concluded the recent trading session at $4.74, signifying a -1.86% move from its prior day's close.