RKLB
Rocket Lab Corporation

Rocket Lab CorporationRKLB

Industrials · Aerospace & Defense
70.31USD
-2.32%
Sep 24, 2026
RKLB overview ready
Direct spacecraft-and-mission provider with complementary launch capability: Rocket Lab builds satellite platforms, payload-related systems and space components, while operating Electron and HASTE and developing Neutron for larger constellation deployment.
Direct narrative exposure
Exposed to the National Security Space Systems narrative through Proliferated Space Sensors and Satellites — enabling supplier.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of reclaim attempt.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
High capital expenditure requirements.
Market Sep 23Filing Jun 30Price action Sep 23Research Sep 22

Conviction Level

NarrativeHeat6.4ThemeHeat7.0PriceAction3.4Valuation0.3CompanyPosition9.3
Price
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Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of reclaim attempt.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$42.1B
Avg Volume (60D)
18.7M
60 sessions
Revenue Growth YoY
+38.0%
FY2025 vs FY2024
Gross Margin
+37.3%
Trailing twelve months
Operating Margin
-29.1%
Trailing twelve months
Free Cash Flow Yield
-0.9%
Distance from 200DMA
-13.0%
Next Earnings
2026-11-09
P/E
N/M
EV / Sales
51.7x
Market metrics as of Sep 23, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

All three valuation perspectives agree this company is expensive.
Rocket Lab Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Thesis
Direct spacecraft-and-mission provider with complementary launch capability: Rocket Lab builds satellite platforms, payload-related systems and space components, while operating Electron and HASTE and developing Neutron for larger constellation deployment. Current revenue exposure rather than broad aerospace adjacency.
Opportunity
High opportunity
Defense and intelligence procurement of resilient, proliferated low-Earth-orbit satellite architectures for missile warning, tracking, targeting, surveillance, and related mission data.
Key risk
High capital expenditure requirements.

Narrative & Theme

National Security Space Systems
Part of Proliferated Space Sensors and Satellites, with strong fit.
Current revenue exposure rather than broad aerospace adjacency. Its Space Systems business supplies spacecraft, components and mission systems, while its launch portfolio supports responsive and future constellation-scale deployment.
Narrative HeatNeutral6.4 / 10
Theme HeatHeating up7.0 / 10

Business & Markets

Industrials · Aerospace & Defense
What they do

Rocket Lab Corporation designs, manufactures, and launches small and medium-class rockets and provides spacecraft design, manufacturing, and on-orbit management solutions globally.

How it earns

The company generates revenue primarily through transactional launch services and project-based spacecraft and system sales.

Products & services
Launch services
Spacecraft design services
Spacecraft components
Spacecraft manufacturing
Optical systems
On-orbit management solutions
Constellation management services
Flight and ground software
Customers & end markets
Government space agencies
Commercial satellite operators
International space customers
Market position

Niche player focused on small to medium-class launch vehicles and integrated space systems.

Demand drivers
Medium cyclicality

Demand for launch services is influenced by government and commercial space spending cycles.