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Up 500% in the Past Year: Why Investors Are Falling in Love With This Hypergrowth SpaceX Competitor [Yahoo! Finance]

Rocket Lab USA, Inc. (RKLB) 
Company Research Source: Yahoo! Finance
It has been an incredible run for the stock, led by its increasing performance in space launches and satellite manufacturing, helping it compete with the dominant player in the sector: SpaceX. Here's why investors are uber-optimistic about SpaceX competitor Rocket Lab, and why the stock is up around 500% in the last year. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » SpaceX has a dominant position in private commercial rocket launches. In fact, just a few years ago, the Elon Musk-led company was virtually the only Western company able to reliably launch rockets into orbit. What happened a few years ago? Rocket Lab began competing for contracts. In order to enter the market, Rocket Lab targeted rocket launches with much smaller payloads (i.e., the mass on board) compared to SpaceX's workhorse Falcon 9 rocket. This led it to produce the Electron rocket, which can take small and experimental payloads to orbit. El Show less Read more
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