Best Space Stock To Buy

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Best Space Stock To Buy

Rocket Lab (RKLB): The Best Space Stock To Buy

A boom is seen in the global space economy, and there are several companies working in that sector. Back in the day, the industry was mostly limited to rockets, but now it also includes satellites, communications, and even launch services.

So, if you have some spare cash and are willing to invest in the space economy, the best stock to buy is Rocket Lab (RKLB). As of today, the Rocket Lab (RKLB) is the 2nd most used company for space launches in the USA.

Rocket Lab Is Working On Building Neutron Rocket

The only company that is ahead of Rocket Lab (RKLB) is SpaceX. However, SpaceX is a private company, which means the 2nd best option is the Rocket Lab (RKLB) stock.

Rocket Lab (RKLB) is best known for launching small satellites and also uses its own launch vehicle. As per the data, the company has launched the Electron rocket 81 times.

As far as launching small satellites is concerned, the top choice is Rocket Lab (RKLB). However, media reports show that Rocket Lab (RKLB) is now also working on its own medium lift launch vehicle. It's called Neutron and will be able to carry 40 times more payload than Electron.

If Rocket Lab (RKLB) succeeds in making this rocket, it would only make it more competitive with the famous Falcon 9 from SpaceX.

The company is expected to launch the Neutron in 2026, and all eyes will be on it. If it turns out to be a success, it will provide a good boost to the Rocket Lab (RKLB) stock price.

Even if we put these future plans aside, the Rocket Lab already has an established space systems business. The company is involved in both the design and the manufacture of spacecraft components. On top of that, it also helps with the launch missions for customers.

Overall, the future of the Rocket Lab (RKLB) looks very bright, and they already have a backlog of $1 billion. That amount is the future revenue that has yet to be fulfilled.

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