Rocket Lab reported a record Q2 revenue of $234 million, highlighting strong gross margins and significant backlog growth due to its vertical integration strategy. The company remains a strong buy, supported by new defense contracts, expansion of its Space Systems division, and the acquisition of Iridium. Although the first flight of its Neutron rocket may be delayed until 2027, demand is secured, and early capacity management is expected to improve margins and pricing power long-term. Despite risks from cash burn and dilution, price targets for 2028 suggest an 11% to 70% upside as free cash flow turns positive post-Iridium acquisition.
Bernstein analyst Doug Harned raised SpaceX's price target to $248, highlighting the potential of orbital AI data centers to boost revenues to over $600 billion by 2031. Key to this growth is SpaceX's plan to achieve nearly one Starship launch per da...
Rocket Lab successfully launched eight satellites for MDA Space as part of a $143 million deal, boosting revenue to $234.07 million, above analyst expectations. Despite this operational success, the company reported a negative EPS of -$0.08, missing ...
Rocket Lab successfully deployed eight satellites for MDA Space as part of a $143 million contract, marking a key milestone in replenishing Globalstar's satellite network. Meanwhile, automakers face a motor oil shortage due to disrupted supplies of h...
Rocket Lab successfully launched eight customized Lightning satellites on August 15 from Cape Canaveral to replenish Globalstar's communications constellation. These satellites, part of a $143 million contract with MDA Space, will enhance Globalstar'...
The Tema Space Innovators ETF (NASA) initially attracted investors by offering direct exposure to SpaceX through a special-purpose vehicle before SpaceX's IPO in June 2026. Once SpaceX went public, the ETF's unique access premium vanished, and SpaceX...
