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Where Will Rocket Lab Be in 10 Years?
There's a good reason most analysts don't try to make guesses this far in the future.
Last month, I climbed out on a limb to ask (and answer) the question: Where will Rocket Lab USA (NASDAQ: RKLB) stock be in five years? For a fast-growing but still-unprofitable space stock with only one rocket in service -- the tiny Electron model that's much smaller than what larger competitors like SpaceX and United Launch Alliance fly -- it wasn't an easy question to answer.
On the plus side, at least I had a few analyst forecasts, provided by our friends at S&P Global Market Intelligence and stretching out as far as 2031, to guide me in making my guesses. Today I'm going to Tarzan right off that limb, venture into completely unexplored territory, and ask (and try to answer) the question: Where will Rocket Lab stock be in 10 years?
Let's start the leap on solid ground. As of today, Rocket Lab is a $10 billion company, generating annual sales of $436 million (giving it a 23 times price-to-sales ratio) and no profits or free cash flow at all. Valued on sales, Rocket Lab is arguably one of the most expensive space stocks around. That's the bad news.
