Rocket Lab USA, Inc. (RKLB)
InfravaloradaFundamental
40
Precio
$69.68
Capitalización Bursátil
$47.07B
Parte 1 · Cuánto vale la empresa
Resumen
Rocket Lab builds and launches rockets, and increasingly builds the satellites that fly on them. Its Electron rocket carries small satellites into orbit for government agencies and commercial operators who cannot fill a larger vehicle alone, and it is developing a bigger rocket, Neutron, aimed at the larger payloads that today mostly go to SpaceX. Alongside launch, its Space Systems division designs and manufactures satellite components and full spacecraft, a business it has grown mainly through acquisitions.
Cómo genera ingresos
Launch Services revenue is booked when Electron missions fly, priced per launch and per payload mass, so it depends on how many rockets get built and successfully flown in a given period. Space Systems revenue instead comes from selling hardware and engineering services under contracts that can run for months before a single item ships, so it recognizes revenue progressively as work is completed. Neutron has not yet flown commercially, so today's revenue is still almost entirely Electron launches and Space Systems contracts.
Ingresos por segmento
Design and manufacture of satellite components and complete spacecraft, built into a larger business mainly through acquisitions.
Electron rocket launches for government and commercial small-satellite customers, priced per mission and payload mass carried.
Ventaja competitiva
Patentes y licencias · EstrechaRocket Lab is one of very few companies anywhere that has repeatedly and reliably launched orbital rockets, a track record and set of government certifications that take years to earn and that most new entrants do not have. That edge is real in the small-launch niche, but SpaceX dominates the broader launch market by cost and cadence, and Neutron still has to prove itself before Rocket Lab can compete for larger payloads.
Qué impulsa la demanda
Moderadamente cíclicoGovernment contracts, a large share of both segments, tend to be multi-year and relatively insulated from short-term economic swings, but they depend on national space and defense budgets that can shift with policy priorities. Commercial satellite demand is more cyclical, tied to how much capital satellite operators are able to raise and deploy at any given time.
Riesgos clave
- Concentration in government funding — A large share of revenue across both segments ultimately depends on US government space and defense budgets, and a shift in agency priorities or a funding delay can slip contracts and revenue.
- Neutron development and execution risk — The larger Neutron rocket has not yet flown commercially and its timeline has already slipped; a further delay or a launch failure would set back Rocket Lab's ability to compete for bigger payloads.
- Launch failures and mission risk — A single launch failure can destroy a customer's payload, trigger contract penalties, and ground the launch schedule for months while the cause is investigated and fixed.
- Integration risk from rapid acquisitions — Space Systems has grown largely by acquiring other companies; folding their operations, contracts and engineering teams into Rocket Lab carries execution risk beyond organic growth.
Concentración de clientes
As of the end of 2024, Lockheed Martin and Dynetics each accounted for 15% of accounts receivable, and Rocket Lab's largest counterparty overall is the US government, whose funding decisions affect a large share of both segments.
Los argumentos a favor
Buyers argue that Rocket Lab's proven launch reliability and growing Space Systems business give it a rare, credible position as a full-stack space company beyond SpaceX, that Neutron opens a much larger addressable market once it flies, and that a fast-growing backlog shows real demand ahead of that capacity.
Los argumentos en contra
Sellers fear that Neutron's delays push out the payoff for a company still spending heavily to develop it, that SpaceX's scale and pricing dominate the broader launch market Rocket Lab is trying to enter, and that heavy reliance on government budgets and a handful of large counterparties leaves results exposed to decisions Rocket Lab does not control.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance y Liquidez
Ingresos
$769M
Últimos 12 meses (hasta 30/6/2026)
Beneficio Neto
$-165M
Últimos 12 meses (hasta 30/6/2026)
Flujo de Caja Libre
$-322M
Patrimonio Neto Total
$1.72B
Pasivo Total
$603M
Ratio de Liquidez
5.48
Cobertura de Intereses
8.64
Deuda/EBITDA
-
Beneficio Por Acción
Ingresos y Beneficio Neto
Flujo de Caja Libre
Desglose de Ingresos
Estado histórico
Márgenes en el tiempo
La deuda en el tiempo
Cuánto pesa la deuda
Cuadro de crecimiento
Crecimiento — Ingresos
Estimación de Valor Justo
Valor Justo
$109.37
Precio Actual
$69.68
Margen de Seguridad
+36.3%
Rango de Valor Justo
$103.90 - $114.84
Dispersión entre los métodos de valoración utilizados, no un intervalo de confianza calibrado estadísticamente.
Métodos de Estimación
Métricas de Valoración
Ratio P/E
-
ROE
-11.5%
Ratio P/B
11.94
P/FCF
-
Margen Bruto
37.3%
ROIC
-4.8%
Radar de Rentabilidad
Creación de Valor (Ventaja Competitiva)
ROIC
-4.8%
WACC
18.0%
ROIC − WACC
-22.8 pp
El ROIC está por debajo del coste del capital: la empresa destruye valor por cada dólar invertido.
Criterios de Análisis Fundamental
Superado (11)
- EPS shows upward trend
- Price CAGR 38.17%
- Gross Margin 37.3%
- Debt/Equity ratio
- Current Ratio
- Interest Coverage
- Revenue Growth 5Y 76.5%
- Analyst Consensus 81% Buy
- Earnings Surprise avg 21.4%
- Net Margin Trend -21.5% vs -45.9%
- Piotroski F-Score 5/9
Fallido (9)
- ROIC -4.8%
- P/B Ratio 11.94
- Operating Margin -29.1%
- Positive Free Cash Flow
- Return on Tangible Assets
- Low reliance on intangibles
- DCF valuation (Unknown)
- ROE -7.6%
- Share Dilution 7.0%
No disponible (7)
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
- Debt/EBITDA
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
Piotroski F-Score
Señales mixtas: algunas áreas requieren atención
Calidad de los Beneficios
Baja calidad: investigue la contabilidad
Dilución de Acciones
Emitiendo nuevas acciones, diluyendo la participación
Participaciones institucionales
Gobernanza
Equipo Directivo
| Nombre | Cargo | Edad |
|---|---|---|
| Sir Peter Beck | Founder, Chairman, President & CEO | 48 |
| Mr. Adam C. Spice | CFO & Treasurer | 56 |
| Mr. Frank Klein | Chief Operations Officer | 52 |
| Mr. Arjun L. Kampani J.D. | Senior VP, General Counsel & Corporate Secretary | 53 |
| Mr. Agostino Ricupati CPA | VP, Corporate Controller & Chief Accounting Officer | 58 |
| Ms. Morgan Bailey Connaughton | Vice President of Marketing & Communications | - |
| Ms. Connie Lundgren | Vice President of People & Culture | - |
| Mr. Shaun O'Donnell | Chief Engineer of Special Projects | 47 |
| Mr. Ehson Mosleh | Space Systems Chief Engineer | - |
| Mr. Marvin Bradford Clevenger Ph.D. | President of Rocket Lab USA Inc. | - |
Riesgo de Auditoría
7
Riesgo del Consejo
9
Riesgo de Compensación
9
Riesgo de Derechos del Accionista
8
Parte 2 · El precio y el momento de entrar
Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.
Documentos
- Ver documento
Informe anual (10-K)
Un resumen anual del negocio, los resultados financieros y los riesgos de la empresa.
Presentado el 2026-02-26
- Ver documento
Informe trimestral (10-Q)
Una actualización del desempeño financiero de los últimos tres meses.
Presentado el 2026-08-10
- Ver documento
Informe de hecho relevante (8-K)
Un aviso sobre un hecho relevante, como un cambio de dirección o un anuncio importante.
Presentado el 2026-09-15
via SEC EDGAR
Historial de Resultados
via SEC EDGAR
Latest News
Recent headlines for RKLB, sourced from Markets Gazette.
- 9d agoPOSITIVELe azioni Rocket Lab hanno creato un pattern rialzista: è il momento di comprare?
Rocket Lab USA, Inc. shares are showing a strong bullish pattern, having bounced from a recent low of $60 to trade just above it. The stock has formed a double-bottom pattern at the $60 mark, with a neckline resistance at $86.45. This technical setup, combined with investor buying on dips, suggests potential for a short-term continuation of the upward trend. The formation indicates a potential reversal from recent lows, signaling renewed investor interest and a possible upward trajectory for the stock.
- 22d agoNEUTRALAzioni Rocket Lab giù del 56% dal massimo annuale: opportunità d'acquisto?
Rocket Lab USA, Inc. shares have seen a significant decline, falling 56% from their annual high of $150 to the current $65. Despite this price drop, the company has achieved several key milestones, including new contracts with Space Force, Viasat, and MDA, and the release of its Inverted Metamorphic (IMM) Apex solar cell. Analysts suggest the current pullback might present a buying opportunity, potentially forming a double-bottom pattern. The underlying demand for Rocket Lab's space services remains strong, indicating potential for future recovery and growth.
- 29d agoPOSITIVECathie Wood acquista $31.6M di Rocket Lab: crede che la svendita sia esagerata?
ARK Investment Management, led by Cathie Wood, has significantly increased its stake in Rocket Lab USA, Inc. (NASDAQ: RKLB), acquiring approximately $31.6 million worth of shares on Tuesday, following a $44 million purchase over two days. This substantial buying activity from a prominent growth-focused fund manager comes despite recent stock price pressure and a narrowing launch window for Neutron, alongside a competitor securing a NASA contract. ARK's conviction suggests they believe the market's reaction to these events is an overreaction, presenting a potential buying opportunity for investors who share this long-term growth outlook for the space launch and satellite technology company.
- 8/18/2026POSITIVELe azioni Rocket Lab volano: un pattern raro indica rialzi, ma c’è un rischio
Rocket Lab USA, Inc. shares have surged from a low of $58.25 to $82, buoyed by strong earnings and an expanding backlog. The company's stock experienced a significant uplift following a major agreement with Viasat, a key player in satellite communications. Rocket Lab will provide its high-performance Lightning spacecraft platform for Viasat's payload. This development, coupled with a rare bullish double-bottom pattern formation, suggests further short-term upside potential for RKLB investors. The deal underscores Rocket Lab's growing influence in the space sector.
- 8/10/2026NEGATIVERocket Lab reveals some big plans, but its stock is dropping on mixed earnings
Rocket Lab USA, Inc. reported mixed financial results, leading to a stock price decline despite ambitious expansion plans. The company is focusing on extending its European presence and growing its order backlog, signaling potential future revenue streams. However, the immediate market reaction suggests that current earnings or forward guidance did not meet investor expectations, overshadowing the long-term strategic initiatives. Investors will be closely monitoring the execution of these expansion plans and their impact on profitability in upcoming quarters.
- 8/10/2026POSITIVERocketLab Rises on Space Interest; Moderna Moves on Flu Shot | Stock Movers
RocketLab USA Inc. saw its shares climb, continuing a positive trend from the previous Friday. This upward movement follows recent earnings reports from SpaceX, indicating a broader positive sentiment within the space industry. Investors are likely reacting to the competitive landscape and potential growth opportunities highlighted by these industry players. The renewed interest in space exploration and commercialization, coupled with SpaceX's performance, appears to be boosting investor confidence in RocketLab's prospects.
- 7/8/2026POSITIVERocket Lab’s stock could surge 250% as the company takes a page out of SpaceX’s book, analyst says
Morgan Stanley has upgraded its outlook on Rocket Lab USA, Inc., citing a significantly improved bull case driven by business diversification. The firm suggests the stock could experience a substantial surge of up to 250%. This optimistic projection is attributed to Rocket Lab adopting strategies similar to SpaceX, indicating a potential for accelerated growth and market expansion. Investors are watching closely as the company's strategic pivot aims to unlock new revenue streams and enhance its competitive position in the aerospace sector.
- 6/29/2026POSITIVERocket Lab to Buy Iridium in Challenge to SpaceX
Rocket Lab is set to acquire satellite communications firm Iridium Communications Inc. for $54 per share in a cash-and-stock deal, aiming to bolster its position in the orbital economy and challenge market leader SpaceX. The acquisition, valued at approximately $2.9 billion, will integrate Iridium's satellite constellation and services with Rocket Lab's launch capabilities. This strategic move is expected to enhance Rocket Lab's revenue streams and market competitiveness, potentially leading to increased investor interest and a re-evaluation of its growth prospects.
- 6/26/2026POSITIVERocket Lab Rises on NASA Selection; Microsoft Down on Tech Selloff | Stock Movers
Rocket Lab USA, Inc. is experiencing a surge in its stock price following a significant announcement from NASA. The space exploration company has been selected by the U.S. space agency to provide three Electron launches for two distinct missions, PolSIR and TSIS-2. These launches are scheduled to commence in early 2027. This selection by NASA underscores Rocket Lab's capabilities and its growing role in the space launch sector, providing a strong positive outlook for the company's future revenue streams and technological advancements. Investors are likely to view this as a key validation and a driver for future growth.
via Markets Gazette