Rocket Lab's stock was upgraded to a bullish rating following a more than 40% pullback and improved fundamentals. The company reported record Q2 revenue of $234.07 million, a 62% increase year-over-year, supported by a strong backlog indicating solid demand. The recent acquisition of Iridium enhances Rocket Lab's space infrastructure capabilities and opens new satellite communications opportunities. Despite some near-term delays in the Neutron launch, the valuation has become attractive with a forward price-to-sales ratio of 40, suggesting a favorable risk/reward balance for investors.
Rocket Lab announced a delay in the first flight of its Neutron medium-lift reusable rocket to 2027 after discovering voids in the carbon composite layers of the propellant dome during manufacturing. While the flaw won't cause flight failure and has ...
Rocket Lab announced a delay in the first launch of its Neutron reusable medium-lift rocket to 2027 due to manufacturing defects in a carbon-composite dome on the rocket's first-stage propellant tank. This delay pushed the stock down nearly 10% in af...
Rocket Lab Corporation announced a revised schedule for the inaugural launch of its Neutron medium-lift rocket, now expected in 2027. This update reflects adjustments in the development program for the Neutron launch vehicle, which aims to provide re...
AST SpaceMobile's stock dropped 8% after Piper Sandler downgraded it to Neutral and cut the price target to $54, citing concerns over the pace of satellite launches and rising competition from SpaceX. SpaceX, which is also AST's main launch provider,...
