Companies · Space / aerospace
RKLB Rocket Lab Corp
Price$62.55
Day-0.6%
Market cap~$38B
Stancebullish
My thesis
The drawdown is the opportunity. Rocket Lab is 58% off its 52-week high ($151 -> ~$63) while the business keeps compounding — Electron is the most reliable small launcher flying, and Neutron opens the medium-lift market. Space infrastructure spending is one of the few government budgets still growing. At $38B it's no longer cheap, but this is the best risk/reward in commercial space.
Catalysts
- Neutron development milestones / first flight progress
- Growing Electron launch cadence and space-systems revenue
- Government / defense contract wins
Risks
- Still unprofitable — execution risk on Neutron timeline
- High beta (3.2) — violent drawdowns are the norm
- Space is capital-intensive; dilution risk on raises
Analyst notes
Re-selected as one of my 3 high-conviction picks in the new 5-name universe (TTD, FOUR + NBIS, RKLB, OKLO). Thesis unchanged.
Added to watch portfolio at ~$63. 58% off highs; watching Neutron progress as the key variable.