$97.20
24h
+23.70%
8 May, 23:46
Rocket Lab bullish on earnings and space economy growth
Bullish-7.84%
AI Summary
The author is bullish on Rocket Lab (RKLB) following strong earnings, citing record backlog, new contracts, and positioning in the expanding space economy.
$RKLB RocketLab is up +34.22%.
It was the perfect setup going into earnings, just as outlined below.
Now, RocketLab proved once again why it is one of the very few public space companies with a real chance to compete in the space race alongside SpaceX.
- Record-breaking quarter and $2.2 B backlog
- Secured a $30 M contract from Anduril
- Signed its largest launch agreement to date
- Selected alongside Raytheon for the U.S. Space Force’s Space-Based Interceptor program
- Acquiring Motiv Space Systems
And this is not a winner-takes-all market. The entire space economy is a trillion-dollar market expanding rapidly.
Launch demand is exploding as governments, defense agencies, and private companies race to deploy satellites, communications infrastructure, earth observation systems, and eventually even data center infrastructure in orbit.
There is more than enough room for multiple major winners. And there's another one setting up right now.