The Latest Breaking News from Rocket Lab USA Inc.

Shares of Rocket Lab USA Inc. (NASDAQ:RKLB) are trading lower Monday following new analyst coverage and a reassessment of the stock’s valuation outlook.

Cathie Wood’s ARK Invest has become known for making big bets on the future through its ETFs—robotaxis, artificial intelligence, genomics, and, most notably, outer space. But this week, one of its most feted space bets, Rocket Lab USA Inc (NASDAQ:RKLB) was discreetly trimmed from the ARK Space Exploration Innovation ETF…

Cathie Wood’s ETFs performed miserably this year amid a market rout caused by soaring inflation, the Fed’s aggressive rate hikes, and rising odds of a recession. More trouble awaits her hedge fund, concentrated in tech, as September job gains almost affirm another aggressive rate hike in the Fed’s next meeting.…

The stock market has been experiencing wild swings this year, with inflation at a multi-decade high and the Fed aggressively raising interest rates to bring it under control. Amid rising recession worries, we think fundamentally weak stocks, Advanced Micro Devices (AMD), Block (SQ), Ginkgo Bioworks (DNA), Rocket Lab USA (RKLB),…

Rocket Lab USA Inc (NASDAQ:RKLB) is preparing to launch a microwave oven-sized CubeSat dubbed CAPSTONE to a never-before-flown orbit around the Moon for NASA as soon as June 27th. The launch will take place from Rocket Lab Launch Complex 1 on New Zealand’s Mahia Peninsula. The Cislunar Autonomous Positioning System Technology Operations and…

Wells Fargo analyst Matthew Akers initiated coverage of Rocket Lab USA Inc (NASDAQ:RKLB) with an Equal Weight rating and a price target of $5, implying an upside of 19%. RKLB is an early leader in small space launch and space infrastructure with exposure to New Space growth upside, but with a more achievable growth…

Ball Corp (NYSE:BALL) subsidiary Ball Aerospace has selected Rocket Lab USA Inc (NASDAQ:RKLB) to manufacture the Solar Array Panel to power NASA's Global Lyman-Alpha Imager of Dynamic Exosphere (GLIDE) mission spacecraft planned to launch in 2025. GLIDE is a heliophysics mission intended to study variability in Earth's atmosphere. The Solar Array Panel will utilize SolAero…

Space company Rocket Lab USA (RKLB) had only a semi-successful mission earlier this month, which drove its share price lower. However, the company posted solid top-line growth in its last reported quarter. So, currently trading less than $5, is the stock a buy now? Read on to find out.