Up 600% in the Last 12 Months, Is It Too Late to Invest in Rocket Lab Stock?

Forget waiting for the SpaceX initial public offering (IPO). Investors in Rocket Lab (NASDAQ: RKLB) are seeing meteoric gains in the past year. The fast-growing space flight company's stock is up well over 600% in the last 12 months, driven by increased launches and progress for its new, larger rocket -- the Neutron. With the U.S. government backing the company with grants and contracts, investors are betting big that Rocket Lab can be one of the next big space contractors, taking advantage of this fast-growing sector.With the stock up so much, investors looking to buy today may think they have missed the boat on Rocket Lab. But is that true? Let's dive into the numbers on Rocket Lab and see what investors can expect if they buy the stock today.Space economy companies have built a huge backlog of contracts to send devices such as satellites into orbit. Except for SpaceX, the actual rocket launch providers have fallen well behind the demand for launch contracts, creating a monopoly for the privately held company valued at $400 billion. Plus, SpaceX is now competing with its customers on its Starlink satellite internet service.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool