Rocket Lab USA Inc is an aerospace manufacturer and small satellite launch service provider that specializes in providing cost-effective and agile solutions for delivering payloads to space
The company designs and builds rockets, notably the Electron launch vehicle, which is tailored for launching small satellites into orbit. Rocket Lab also offers various satellite solutions and services, facilitating a range of applications, from scientific research to commercial telecommunications. With a focus on innovation and efficiency, Rocket Lab aims to expand access to space for a diverse array of customers, including government agencies and private enterprises.
Shares of aerospace and defense company Rocket Lab (NASDAQRKLB)
fell 8% in the afternoon session as markets tumbled after holding steady the previous day, while concerns over the ongoing trade war continued to spread.
RKLB has tumbled 44% from recent highs, driven by market volatility and weak Q1 guidance, but some analysts see this as a potential buying opportunity.
Rocket Lab announced an upcoming mission for Japanese customer iQPS. The mission, named "The Lightning God Reigns", will launch from Rocket Lab's private orbital launch site.
Aerospace and defense technology solutions provider Astronics Corporation (NASDAQATRO)
will be reporting earnings tomorrow after the bell. Here’s what you need to know.
Rocket Lab USA Inc (NASDAQRKLB) shares are trading higher Monday as the stock continues to bounce back from an initial selloff on earnings. The company on Monday announced a successful moon landing supported by its software.
According to TheFly, Stifel lowered its price target on the stock to $27 from $31 while keeping a ‘Buy’ rating on the shares. Roth MKM lowered its price target to $25 from $30 while keeping a ‘Buy’ rating.
The Long Beach, California-based company introduced Flatellite, a new low-cost satellite catered for mass manufacture and to serve large satellite constellations.
