Why Rocket Lab USA Stock Just Jumped 7% [Yahoo! Finance]
Rocket Lab USA, Inc. (RKLB)
Company Research
Source: Yahoo! Finance
The least interesting of these is that Rocket Lab signed a "preliminary memorandum of terms" with the Commerce Department yesterday, which could see the company awarded up to $23.9 million in direct funding under the CHIPS and Science Act Why is a rocket company getting semiconductor subsidies? It may seem curious that Rocket Lab -- a space stock that specializes in building small satellites and small rockets to launch them -- would receive a government subsidy to manufacture semiconductor chips. But as Rocket Lab explains, the government funding would "enable Rocket Lab to increase its production of compound semiconductors for spacecraft and satellites." And in fact, Rocket Lab owns a subsidiary, SolAero Technologies, that specializes in building space-grade solar cells -- a special kind of semiconductor. So it kind of makes sense. Adding to the good news, Rocket Lab says the government of New Mexico is prepared to award it $25.5 million more to subsidize its semiconductor m
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RKLB
News
- Rocket Lab Successfully Launches 50th Electron Mission, Deploys Satellites for Kinéis [Yahoo! Finance]Yahoo! Finance
- Rocket Lab Successfully Launches 50th Electron Mission, Deploys Satellites for KinéisBusiness Wire
- Wall Street Bulls Look Optimistic About Rocket Lab USA (RKLB): Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Rocket Lab USA, Inc. (NASDAQ: RKLB) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $6.00 price target on the stock.MarketBeat
- Massive News for Rocket Lab Stock Investors [Yahoo! Finance]Yahoo! Finance
RKLB
Earnings
- 5/6/24 - Beat
RKLB
Sec Filings
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- RKLB's page on the SEC website