Rocket Lab stock surged 350% in the past year
fool.com —
Rocket Lab's stock is up 350% over the past year, though it has fallen 40% from its high. The company specializes in small payload launches, conducting 16 in 2024, an increase from 10 in 2023. It aims to be a one-stop space systems provider. Rocket Lab is developing the Neutron rocket for larger payloads, hoping for its debut launch this year. It competes with SpaceX. The company is also vying for U.S. Space Force launch contracts worth up to $5.6 billion. The company had negative free cash flow of $116 million in 2024. Rocket Lab recently announced a $500 million share offering. SpaceX's launch business has a higher price-to-sales ratio than Rocket Lab's.