Where Will Rocket Lab Stock Be in 5 Years?
This space stock is growing quickly and has a lot of irons in the fire.
Space has become a real industry in the last decade. Inspired by the incredible growth at SpaceX, dozens of companies are now working on rockets, space systems, and services to fulfill customer demand in the new space economy. Rocket Lab (NASDAQ: RKLB) is one of the new emerging leaders in the sector.
Closing in on $500 million in annual revenue, the rocket launch and space systems company is growing like gangbusters with plenty of new products under development. It has an audacious plan to compete with SpaceX and be one of the few vertically integrated launch companies serving the space economy.
Where will this all land Rocket Lab stock in five years' time? Let's dig into the numbers and find out.
