Is Rocket Lab Stock a Buy Now?
It's time to examine the numbers to evaluate this volatile stock's trajectory after it climbed 350% in the past year.
The space economy is a fascinating investment opportunity, but there are limited pure-play space stocks to choose from. Elon Musk's SpaceX is the industry leader by a wide margin, but it's not publicly traded. Rocket Lab USA (NASDAQ: RKLB) has emerged as a hot alternative. The stock has rocketed higher over the past year. Shares are down 40% from their high, and Rocket Lab is still up nearly 350%.
Space is far more than hype; according to Accenture, the space economy could grow to $1.8 trillion over the next decade, with more than 60,000 satellites in orbit by 2030.
Is Rocket Lab for real, or is this company bound to fail in SpaceX's shadow? Here is whether investors should buy the stock now.
