The business operates in two segments being Launch Services and Space systems. Geographically it serves Japan, Germany, rest of the world and earns key revenue from the United States. 8 Wall Street research analysts have issued 12-month price targets for Rocket Lab USA’s shares.

Rocket Lab USA updated its third quarter 2023 earnings guidance on Wednesday, September, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $66.00 million-$68.00 million, compared to the consensus revenue estimate of $74.50 million. Founded in 1993, The Motley Fool is a financial services company What is Bond ETF and how it works dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. High-growth stocks tend to represent the technology, healthcare, and communications sectors.

Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. The company’s stock has fallen about 60% since 2021-end, when space investments started drying up. As of last close, its market capitalization stood at $2.44 billion. Rocket Lab’s 41st Electron mission on behalf of customer Capella Space ended in failure early Tuesday, with issues abruptly appearing after stage separation around 2-and-a-half minutes after launch. This is especially damaging to RKLB stock as the company was building a strong reputation as one of the top companies handling rocket launches in the U.S.

This is a sobering event for investors in RKLB stock, as previously, the Electron rocket was successful in 37 orbital missions. That marks the first time that the company has failed a launch in over two years. Rocket Lab’s failure comes after the company built up a steady rhythm of successful launches, becoming the second-most active U.S. rocket company behind Elon Musk’s SpaceX. The Electron rocket hadn’t suffered a mission failure since May 2021, stringing together 19 successful launches in 28 months since then. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

Rocket Lab Buys Some Virgin Orbit Assets in Bankruptcy Auction

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against its industry peers and the overall market. Get this delivered to your inbox, and more info about our products and services. RKLB stock is down 8.2% as of Tuesday morning but is still up 19.6% year-to-date.

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. RKLB, -1.56% dove 18.1% to lead all premarket decliners trading on major U.S. exchanges, after the spacecraft and rocket builder’s latest space flight launch failed. Rocket Lab stock fell after the company suffered its first launch failure in more than two years early Tuesday morning. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.

We’d like to share more about how we work and what drives our day-to-day business. RKLB’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of RKLB stock can currently be purchased for approximately $4.38.

You must click the activation link in order to complete your subscription. India landed on the moon’s south pole with a budget one-twentieth of NASA’s. SpaceX and Rocket Lab USA have shown it only takes hundreds of millions of dollars to have a variable space business, not b… Rocket Lab has transformed Virgin Orbit’s massive headquarters and manufacturing facility into a new engine development center, at just a fraction of the price that it would’ve cost to purchase new. Investors aren’t happy, and a string of previously successful missions isn’t helping right now.

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Analysts Conflicted on These Technology Names: Rocket Lab USA (RKLB), TD SYNNEX Corporation (SNX) and Arqit Quantum (ARQQ)

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But Rocket Lab warned it will be postponed while it resolves the launch failure. As a result, Rocket Lab expects to issue revised third-quarter revenue guidance. Rocket Lab USA Inc is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defence, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform.

Since then, RKLB stock has increased by 16.2% and is now trading at $4.38. Sign-up to receive the latest news and ratings for Rocket Lab USA and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis how to buy emax and valuation. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. To find profits, space investors may need to look farther out into space. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

Rocket Lab USA Stock Snapshot

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The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Rocket Lab is investigating the failure and will postpone its upcoming launch in Q3 to learn more about what went wrong.

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