Should You Ignore Rocket Lab Stock? Why SpaceX May Be the Better Space Stock Today.
Yahoo Finance ·
From a share price just under $65 at the end of July to an intraday high north of $86 mid-month to... just over $64 at the end of August, Rocket Lab ( RKLB +1.13% ) stock went full circle last month. Eventually, the stock ended up not just back where it started but actually a bit below. Investors seem to have cooled to the idea that Rocket Lab might become "the next SpaceX." Meanwhile, Space Exploration Technologies ( SPCX +6.42% ) stock is up 30% in August. Why do investors seem to be ignoring Rocket Lab ? Why are they flocking to SpaceX stock instead -- and are they right to do so? Because it's not as if Rocket Lab has been reporting bad news lately. On Aug. 20, Rocket Lab announced its 93rd successful Electron rocket launch, delivering an Earth-imaging satellite to orbit for longtime customer Institute for Q-shu Pioneers of Space. (iQPS). With 14 launches so far this year, Rocket Lab's on pace to at least match last year's record of 21 launches by the end of this year -- and possibly surpass it.
DYAX Investor Sentiment
Bullish (Long) 66% · Bearish (Short) 34%
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