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24/7 Wall St.

Rocket Lab Just Gained 17% in a Month: Is It Too Late to Buy RKLB Stock Now?

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Rocket Lab Just Gained 17% in a Month: Is It Too Late to Buy RKLB Stock Now?
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Rocket Lab (NASDAQ:RKLB) has climbed 17% over the past month to $75.31, standing out even though several space peers moved modestly. SpaceX (NASDAQ:SPCX) also gained 17% in the same period, while AST SpaceMobile (NASDAQ:ASTS) rose only 1% to $62.94. A broader check shows the Procure Space ETF (NASDAQ:UFO) up 1% and the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) up 1%, suggesting the Rocket Lab move is more company-specific. The article links the rally to Rocket Lab’s announced plan to acquire Iridium Communications, creating a more vertically integrated model. It already bought Mynaric and Motiv for laser communications and space robotics. Risks center on executing multiple major tasks simultaneously.

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