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Stock impact report

Analyst adjusts Rocket Lab's stock price target on space economy outlook [Yahoo! Finance]

Rocket Lab USA, Inc. (RKLB) 
Company Research Source: Yahoo! Finance
"I think building a rocket is kind of like climbing a mountain," Beck said during an interview in May with Dave G Investing . "It doesn't feel wonderful as you're going through the process. Once you get to the top you can look back down and it feels great, but it's just a tremendous amount of work." Related: Veteran trader updates view on Rocket Lab USA, SoFi before earnings Beck added that a rocket development program resembles an iceberg floating in the sea. "The rocket is the bit that's sticking out of the ocean," he said, "but all of the infrastructure and the test facilities and production lines are below the water line. It's not that obvious for everybody to see, but actually it's the majority of the work." Free Newsletter From TheStreet - TheStreet Make no mistake, there certainly is money to be made in space. The space economy is expected to be worth $1.8 trillion by 2035, significantly above the global GDP growth rate. Satellite and rocket-enabled technologie Show less Read more
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