After Soaring 1,000% Since the Start of 2023, Is Rocket Lab Stock a Buy Today?

Rocket Lab (NASDAQ: RKLB) has made investors happy in the last few years. Since the start of 2023, the stock is up over 1,000%, turning a $10,000 investment into over $100,000, with most of these gains coming in the last few quarters. Wall Street is aggressively bullish on this space and rocket launch provider that some believe could be the next SpaceX.Today, Rocket Lab is on the cusp of a huge catalyst for its business: commercializing a new rocket type called the Neutron. Does that make the stock a buy even after these massive stock gains?After beginning its journey as a rocket launch company with a small payload provider called the Electron, Rocket Lab is currently in testing to develop the next phase of its business. This is through a rocket type called the Neutron, which can deliver payload capacities much greater than the Electron system. While the Electron is a solid business that is now on pace to do over 20 launches a year, it will always remain a niche service from a revenue perspective due to its small size. Larger payloads equate to more revenue potential per launch, which is why the Neutron is vital for the company.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool