Rocket Lab Blasts Off 🚀🚀
Rocket Lab has lift-off… of their stock price. The recently-SPAC’d company provided financial results from their first half of 2021, inciting confidence among investors with the newfound figures.
$RKLB rose 22.4% this week after reporting revenue of $29.5 million. Those figures might seem pretty paltry for a company valued at over $8 billion. However, investors were more excited about the 237% YoY revenue growth. And the backlog of missions, which has grown to over $141.4 million worth of commitments.