Rocket Lab, SpaceX
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Prediction: Rocket Lab Will Turn Profitable and Free-Cash-Flow-Positive in 2027 -- Thanks to Iridium
Peter Beck already loves this acquisition. Rocket Lab investors should be even happier.
Rocket Lab has fallen more than 40%, but Iridium acquisitions and defense business have strengthened its long-term outlook. Read more on RKLB stock here.
Rocket Lab has won another contract from Japanese radar imaging company iQPS for multiple launches of its Electron rocket.
A $266 million contract with the U.S. Space Force is another catalyst for the quickly growing space company.
Similarly, Planet Lab stock has dived from $51.60 to $19.4, while Richard Branson’s has moved from $9 to $2.45. This sell-off is because of profit-taking since these stocks surged ahead of the SpaceX IPO.
Rocket Lab has reset sharply from its May highs, shifting investor focus from narrative to execution ahead of the August 10th earnings call. The investment thesis centers on sustained revenue growth,
Rocket Lab announced on Monday that it is acquiring the satellite communications company Iridium. The deal, made for cash and shares of Rocket Lab stock, values Iridium at about $8 billion.