Should you buy Rocket Lab stock?
- 7 months ago
Rocket Lab stock analysis. RKLB stock.
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Rocket Lab stock is down roughly 44% since it went public.
Today, the company has a market cap of 2.7 billion dollars. With 446 million of cash and 100 million of debt, the enterprise value is 2.3 billion.
Rocket lab makes money in two main ways. It launches small satellites into orbit for multinational companies and organizations. And its space systems division designs and manufactures satellites and spacecraft components. The company also provides orbit management, so Rocket Lab does a bit of everything.
Rocket Lab has launched over 30 rockets and 150 satellites but it’s the space systems division that contributes the most amount of revenue - around 65% of the total.
And companies choose to launch satellites for a number of reasons; communication, defense, navigation, research and more. The launch market is expected to reach 35 billion by 2030 while the overall space market could hit over a trillion.
What makes Rocket Lab unique is its focus on smaller payloads. To launch one of its Elektron rockets costs just 6 million dollars. Compare that with Spacex’s Falcon 9 which takes larger payloads and costs around 62 million dollars per launch.
That’s helped Rocket Lab generate 225 million in revenue over the past 12 months which is an increase of almost 350% over 4 years.
#rklbstock #stocks #investing #stockstowatch
Join our newsletter: https://www.overlookedalpha.com
Rocket Lab stock is down roughly 44% since it went public.
Today, the company has a market cap of 2.7 billion dollars. With 446 million of cash and 100 million of debt, the enterprise value is 2.3 billion.
Rocket lab makes money in two main ways. It launches small satellites into orbit for multinational companies and organizations. And its space systems division designs and manufactures satellites and spacecraft components. The company also provides orbit management, so Rocket Lab does a bit of everything.
Rocket Lab has launched over 30 rockets and 150 satellites but it’s the space systems division that contributes the most amount of revenue - around 65% of the total.
And companies choose to launch satellites for a number of reasons; communication, defense, navigation, research and more. The launch market is expected to reach 35 billion by 2030 while the overall space market could hit over a trillion.
What makes Rocket Lab unique is its focus on smaller payloads. To launch one of its Elektron rockets costs just 6 million dollars. Compare that with Spacex’s Falcon 9 which takes larger payloads and costs around 62 million dollars per launch.
That’s helped Rocket Lab generate 225 million in revenue over the past 12 months which is an increase of almost 350% over 4 years.
#rklbstock #stocks #investing #stockstowatch