North America
“Rocket Lab Stock Down 30% in Last Month”
• The stock of Rocket Lab has fallen 30% in the last month.
• The stock is currently trading at a price of $1.25 per share.
Rocket Lab’s Misleading Investors on Neutron Launch
• Bleecker Street Research alleges Rocket Lab misled investors about Neutron’s launch likelihood by mid-2025.
• The report came amid a rapid rise in Rocket Lab’s stock over the past year.
• Neutron is critical to Rocket Lab’s long-term strategy, expanding its addressable market and driving profitability.
• The company’s CEO acknowledged that the timeline may shift slightly, with the launch now expected in the second half of 2025.
• Rocket Lab closed the fourth quarter with $1.07 billion in total backlog, split between $386 million in launch contracts and $681 million in space systems orders.
• The company’s contracts have become more complex, with larger, high-impact deals and strategic customer programs contributing to fluctuations in backlog growth.
• Rocket Lab’s growing pipeline includes multi-launch agreements and large satellite manufacturing contracts, which solidify long-term revenue visibility and potential upside.
• Rocket Lab’s smaller launch vehicles continue to perform exceptionally well, with a record 16 launches in 2024 and over $450 million in new contracts.
• The company plans to increase its launch frequency in 2025, targeting more than 20 missions.
• The company’s space systems division remains robust, with over 40 spacecraft in various stages of production.
• Rocket Lab recently signed an extended multi-launch agreement with Japanese earth-imaging company iQPS, doubling to eight launches through 2025 and 2026.
• Wall Street analysts maintain a “Moderate Buy” rating on the stock, reflecting cautious optimism.
• The stock’s near-term performance hinges on Neutron’s development timeline, and a further delay could lead to further declines.
