Rocket Lab Stock Surges

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Rocket Lab USA Stock Today

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reusable orbital rocket market

The Motley Fool

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Business

Business & Economics

Could Buying Rocket Lab USA Stock Today Set You Up for Life?

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Rocket Lab USA (NASDAQ: RKLB) was one of the many space stocks that went public by merging with a special purpose acquisition company ( SPAC ) in 2021 .

Rocket Lab's reusable orbital rocket, Electron , carries small payloads of up to 300 kilograms into space.

Its top customers include NASA , the U.S. Space Force , the Swedish National Space Agency , Capella Space , and Black Sky .

From 2021 to 2024 , its annual revenue rose sevenfold.

Rocket Lab could still be a good speculative play on the nascent reusable orbital rocket market.

If Rocket Lab is trading at 10 times sales by then, it would be worth $217 billion .

That would represent a 22 -bagger gain from its current enterprise value and turn a $ 10,000 investment into around $220,000 .

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