Latest news with #RocketLabUSAInc
Yahoo
28-05-2025
- Business
- Yahoo
Rocket Lab Soars After $275M Geost Acquisition Announcement
May 28 - Rocket Lab (NASDAQ:RKLB) shares surged 13% on Tuesday after the company said it signed a definitive agreement to acquire Geost, an Arizona-based electro-optical and infrared payload manufacturer. The transaction, valued at $275 million, includes $125 million in cash and $150 million in Rocket Lab stock, with an additional earnout of up to $50 million based on revenue milestones. The deal is expected to close in the second half of 2025. Geost supplies advanced sensor systems for high-priority U.S. national security satellite programs, including missile tracking, surveillance, and space domain awareness. The acquisition marks Rocket Lab's formal entry into the satellite payload segment, expanding its capabilities in mission-critical systems for defense customers. By bringing Geost's technology in-house, Rocket Lab aims to cut integration costs, shorten delivery timelines, and increase control over spacecraft production. The move adds Optical Systems as a new product category and includes Geost's 115 employees and facilities in Arizona and Virginia. Rocket Lab now employs more than 2,600 people across the U.S., Canada, and New Zealand as it strengthens its footprint in the national security space market. Based on the one year price targets offered by 12 analysts, the average target price for Rocket Lab USA Inc is $26.46 with a high estimate of $33.00 and a low estimate of $19.51. The average target implies a downside of -8.00% from the current price of $28.76. Based on GuruFocus estimates, the estimated GF Value for Rocket Lab USA Inc in one year is $15.72, suggesting a downside of -45.34% from the current price of $28.76. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Rocket Lab Soars After $275M Geost Acquisition Announcement
May 28 - Rocket Lab (NASDAQ:RKLB) shares surged 13% on Tuesday after the company said it signed a definitive agreement to acquire Geost, an Arizona-based electro-optical and infrared payload manufacturer. The transaction, valued at $275 million, includes $125 million in cash and $150 million in Rocket Lab stock, with an additional earnout of up to $50 million based on revenue milestones. The deal is expected to close in the second half of 2025. Geost supplies advanced sensor systems for high-priority U.S. national security satellite programs, including missile tracking, surveillance, and space domain awareness. The acquisition marks Rocket Lab's formal entry into the satellite payload segment, expanding its capabilities in mission-critical systems for defense customers. By bringing Geost's technology in-house, Rocket Lab aims to cut integration costs, shorten delivery timelines, and increase control over spacecraft production. The move adds Optical Systems as a new product category and includes Geost's 115 employees and facilities in Arizona and Virginia. Rocket Lab now employs more than 2,600 people across the U.S., Canada, and New Zealand as it strengthens its footprint in the national security space market. Based on the one year price targets offered by 12 analysts, the average target price for Rocket Lab USA Inc is $26.46 with a high estimate of $33.00 and a low estimate of $19.51. The average target implies a downside of -8.00% from the current price of $28.76. Based on GuruFocus estimates, the estimated GF Value for Rocket Lab USA Inc in one year is $15.72, suggesting a downside of -45.34% from the current price of $28.76. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-04-2025
- Business
- Yahoo
Is Rocket Lab USA Inc. (NASDAQ:RKLB) a Small-Cap Manufacturing Stock Hedge Funds Are Buying?
We recently published a list of the 15 Small-Cap Manufacturing Stocks Hedge Funds Are Buying. In this article, we are going to take a look at where Rocket Lab USA Inc. (NASDAQ:RKLB) stands against other small-cap manufacturing stocks. Earlier on February 26, Liz Ann Sonders, Charles Schwab chief investment strategist, joined CNBC's 'Squawk on the Street' to discuss how manufacturing could stall due to the ongoing policy uncertainty. She thinks that the current market sentiment is focused on concerns about economic growth more than on inflation. Sonders noted a list of weakening indicators, such as consumer sentiment surveys, retail sales, and services PMI figures. She emphasized that rising policy uncertainty also manifests in reduced intentions to purchase large capital goods and causes a pullback in capital expenditures and spending plans. Sonders explained that, over the past year, market yields have alternated between responding primarily to inflation data and growth signals, both during periods of increases and declines. She thinks that the recent downward movement in yields is driven by worries about slowing growth more than by expectations of declining inflation. This has led investors to favor more defensive sectors within the market, which reflects a broader sense of caution. Recent PMI data has shown services activity starting to decline, but manufacturing has picked up. This could result in a potential positive convergence between the two sectors. But Sonders thinks that this improvement in manufacturing could be at risk due to the policy-related uncertainty still ongoing. Therefore, many companies within the manufacturing sector are now increasingly cautious about future investments and expansion. Sonders also pointed out that while there have been discussions about significant deficit reductions, originally targeting $2 trillion, the actual figures are much smaller. The current visible cuts amount to less than $10 billion. She argued that it is premature to focus on these spending cuts alone, as the effects of tariffs, immigration, and deportation policies, and regulatory changes are collectively putting downward pressure on growth estimates and upward pressure on inflation expectations. She added that while tax policy changes are being discussed, these are more likely to affect the year-end outlook rather than the near-term trajectory. We first sifted through financial media reports, iShares U.S. Manufacturing ETF, Vanguard Industrials ETF, and Insider Monkey's Q4 2024 hedge funds database reports to compile a list of the small-cap manufacturing stocks hedge funds are buying. For this article, we define small-cap stocks as those that trade between $10 billion and $20 billion, as of April 25. We then selected the top 15 stocks and ranked them in ascending order of the number of hedge funds that have stakes in them. In cases where an equal number of hedge funds held two or more stocks, we used the market cap as a tiebreaker. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space. Market Capitalization as of April 25: $10.15 billion Number of Hedge Fund Holders: 37 Rocket Lab USA Inc. (NASDAQ:RKLB) offers space systems solutions internationally. It provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions. It also designs and manufactures small and medium-class rockets. In March, Rocket Lab was included in the Phase 3, Lane 1 of the National Security Space Launch program by the US Space Force. Rocket Lab could win $5.6 billion worth of contracts from Space Force. This inclusion shows the company's ability to launch the kind of spacecraft that the government plans to launch over the next 5 years. Under such reasons, Wells Fargo reiterated an Equal Weight on the stock on April 8, while lowering the $21 price target to $18. In Q4 2024, the company's Space Systems segment delivered $90 million in revenue, which was up ~7% sequentially. For full 2024, the Space Systems segment made $310.8 million in revenue, which was up 80% year-over-year. Rocket Lab USA, Inc. (NASDAQ:RKLB) has many spacecraft in different stages of production, with expectations to have over quadruple the number of its spacecraft in orbit or having completed missions by the end of summer 2025. Overall, RKLB ranks 9th on our list of the small-cap manufacturing stocks hedge funds are buying. While we acknowledge the growth potential of RKLB, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RKLB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Los Angeles Times
14-03-2025
- Business
- Los Angeles Times
Rocket Lab USA to Acquire German Aerospace Contractor
Long Beach-based Rocket Lab USA Inc. announced a deal to acquire Mynaric, a German manufacturer of satellite components, in a deal that could be valued at up to $150 million. The initial purchase price would be $75 million with the potential to increase by an additional $75 million based on future revenue targets. 'Rocket Lab is pursuing every part of the space value chain. We launch our own rockets, we build satellites in constellation volumes, and now we're closing in on the final step and most valuable part of the space economy – operating our own constellations to provide data and services from space using our newly announced Flatellite spacecraft,' said Peter Beck, chief executive of Rocket Lab, in a statement. Mynaric is a leading provider of laser optical communications terminals for air, space and mobile applications. The company is based in Gilching, Germany. Mynaric is already a subcontractor to Rocket Lab and the companies share many customers, which strengthened the prospects for this acquisition. The deal could close by the end of the year, pending regulatory approval.
Yahoo
11-02-2025
- Business
- Yahoo
Why Rocket Lab USA Inc. (RKLB) Soared on Monday
We recently compiled a list of the . In this article, we are going to take a look at where Rocket Lab USA Inc. (NASDAQ:RKLB) stands against the other stocks. The stock market kicked off the trading week on a positive note, with all major indices clocking in gains, as investors brushed off President Donald Trump's latest imposition of hefty tariffs on steel and aluminum products from Canada and Mexico. The Dow Jones rose 0.38 percent, the S&P 500 grew 0.67 percent, while the Nasdaq rallied 0.98 percent. Ten companies mirrored a broader market optimism amid a series of positive catalysts sparking buying appetite. In this article, we will take a look at which companies led the charge and explore the reasons behind their performance. To come up with Monday's best performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume. A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space. Shares of Rocket Lab USA Inc. jumped by 11.64 percent on Monday to end at $30.60 apiece following news that it would launch a satellite on a dedicated Electron mission for BlackSky on February 18. The mission, named 'Fasten Your Seatbelts' will launch from RKLB's private orbital launch site, Complex 1 in New Zealand. The mission will launch the first Gen-3 satellite in BlackSky's mid-inclination, Earth-imaging constellation to a circular 470-kilometer orbit. It would be the ninth launch for BlackSky since 2019, making RKLB the most prolific launch provider for BlackSky's constellation to date. The mission will bring the total number of satellites delivered to space by RKLB to 210 and follow a record year of 16 successful launches in 2024. 'Fasten Your Space Belts' will be RKLB's second mission of 2025 and its 60th Electron launch overall. Overall RKLB ranks 8th on our list of Monday's best performers. While we acknowledge the potential of RKLB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as RKLB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
