Shares of Rocket Lab USA (RKLB) are back in focus for two key reasons. First, the company completed its 70th Electron mission. Second, it is expanding its semiconductor manufacturing capacity. Following these announcements, RKLB stock gained 6.40% on Monday. Year-to-date, RKLB stock has gained over 85%.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Rocket Lab is a space launch company specializing in small orbital rockets and satellite solutions, best known for its Electron rocket and upcoming Neutron launch vehicle.
Rocket Lab’s Recent Updates
Rocket Lab successfully launched its 70th Electron mission on August 23 from New Zealand. This marks the company’s 12th launch of 2025, part of its fast-paced schedule that included record back-to-back launches in June. Most of these missions are tied to contracts for deploying satellite constellations in low Earth orbit.
Alongside its launches, Rocket Lab is increasing U.S. investments to grow its semiconductor manufacturing capacity. Importantly, the Trump Administration is backing these investments with a $23.9 million grant from the Department of Commerce under the CHIPS and Science Act. Over the next five years, these efforts are expected to strengthen its role as a leading satellite maker, component supplier, and full-service space mission provider.
What’s Next for Investors?
Looking ahead, analysts stay positive on the stock despite the company reporting mixed Q2 results earlier this month. Notably, several analysts raised their price targets, expressing confidence in the company’s long-term growth prospects. Analysts also remain confident about the company’s upcoming Neutron launch, scheduled for late 2025.
Having said that, cautious investors may prefer to wait for a successful first flight of Neutron before investing, since the recent stock surge could limit near-term gains.
Is RKLB a Good Stock to Buy?
According to TipRanks, RKLB stock has received a Strong Buy consensus rating, with nine Buys and four Holds assigned in the last three months. The average stock price target for Rocket Lab is $48.55, suggesting a potential upside of 3% from the current level.
