3 Reasons to Be Very, Very Excited About Rocket Lab Stock Right Now

Rocket Lab (NASDAQ: RKLB), a producer of reusable orbital rockets, has seen its stock surge more than 790% over the past 12 months. That market-crushing rally was fueled by its successful launches, new deals, and ambitious plans for the future. With a market capitalization exceeding $23 billion, Rocket Lab might look overheated at 40 times this year's sales.However, there are still three reasons to get excited about this high-flying stock right now.Rocket Lab's Electron rocket can carry small payloads of up to 300 kilograms into space. That sets it apart from SpaceX, which carries much heavier loads with its Falcon rockets. Rocket Lab has launched its Electron rocket 68 times and used it to deploy 232 satellites. Its major customers include NASA, the U.S. Space Force, the Swedish National Space Agency, Capella Space, Kinéis, and BlackSky Technology.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool