Rocket Lab: Valuation Is Still Attractive

  • Rocket Lab Corporation is currently valued significantly lower than SpaceX was in 2019, at a time when the developed world was far less focused on aerospace and defense. The 'Golden Dome' missile defense project and European defense spending increases create massive growth opportunities for RKLB over the next decade. RKLB stands to benefit from Elon Musk's deteriorating public image, which weakens SpaceX's competitive position in the US and Europe.