From The Motley Fool · David Jagielski, CPA · · 50s
Rocket Lab Stock Delayed, But Opportunity Lurks
Rocket Lab's Neutron launch delay may boost stock as growth potential outweighs short-term risks.
In brief
Rocket Lab's Neutron launch delay may boost stock as growth potential outweighs short-term risks. Rocket Lab's stock could be a good buy despite Neutron launch delay due to strong growth and low valuation. Originally reported by The Motley Fool.
Rocket Lab stock drops after Neutron delay
Rocket Lab's stock fell 3.44% after news it would delay Neutron launch until next year.
Stock declined 40% in six months
Rocket Lab stock dropped 40% in six months as investors shifted to SpaceX.
Neutron launch delayed again
Rocket Lab delayed Neutron launch, now expected next year after multiple delays.
Strong growth in recent quarters
Rocket Lab revenue rose 62% year over year to $234 million in latest quarter.
Backlog grows to $2.4 billion
Rocket Lab backlog increased 137% to just under $2.4 billion.
The bottom line
Rocket Lab's stock could be a good buy despite Neutron launch delay due to strong growth and low valuation.
