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Rocket Lab: The Stock Is More Expensive Now, But I've Still Decided To Buy (Rating Upgrade)
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Rocket Lab: The Stock Is More Expensive Now, But I've Still Decided To Buy (Rating Upgrade)

Seeking Alpha·Hunting Alphas·19 days ago
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Home Stock Ideas Long Ideas Industrial  Summary Neutron is securing large multi-year launch bookings before its official debut, pushing Rocket Lab's total backlog to $2.2 billion. New neutron and electron contracts are priced at average selling prices, indicating pricing power and supporting stable or possibly higher gross margins. The Motiv Space Systems acquisition at $60 million values the target at a steep premium to similar aerospace manufacturers, increasing the risk of overpaying. RKLB's implied 15-year revenue CAGR requirement has risen to 33% from 29% earlier this year, meaning the stock now embeds more aggressive expectations and is more expensive. The company recently broke out from a 3-month consolidation base, creating a clean bullish technical setup following prior accumulation.…

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