Rocket Lab Soars 8% as Launch Wins and EU Deal Keep the Momentum Going
Last month alone, Rocket Lab launched its 66th, 67th, and 68th missions; two of those happened within just 48 hours from the same sitean impressive feat that signals both operational maturity and growing demand. The company's Electron rocket, built for rapid and cost-efficient payload delivery, continues to fly constellations into orbit; it's no longer about one satellite at a time.
CEO Peter Beck, a New Zealand native who founded Rocket Lab in 2006, told CNBC the company now produces one rocket every 15 days; he's not losing sleep over demand. Since going public via SPAC merger in 2021, the Long Beach-based firm has grown into a $19 billion player in the increasingly crowded launch market.
Competition is heating up; Rocket Lab is carving out its niche alongside heavyweights like Elon Musk's SpaceX and up-and-comer Firefly Aerospace, which just filed to go public. But for now, Rocket Lab is riding highfueled by real-world launches, strong partnerships, and an industry that's expanding fast.
This article first appeared on GuruFocus.
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