1 Unstoppable Space Trend to Invest $1,000 in Right Now (Hint: It's Not SpaceX)
Rocket Lab is building one of the best pure-play space businesses in the world.
1 Unstoppable Space Trend to Invest $1,000 in Right Now (Hint: It's Not SpaceX)
Overview
Space Exploration Technologies (NASDAQ: SPCX) may hog the headlines, but there's more to the space economy than just Elon Musk's multitrillion-dollar company. Right now, the best pure-play, end-to-end space business I see out there is Rocket Lab (NASDAQ: RKLB). For investors interested in small and medium-lift rocket launches, a $1,000 investment in Rocket Lab now could end up in the financial stratosphere.
Rocket Lab designs, constructs, and operates satellites in addition to its launch services. The financials behind the business are lifting off as well. In the first quarter of 2026, Rocket Lab's revenue grew 63.5% to just over $200 million.
Details
The Space Systems segment, which focuses on satellites and their components, is rapidly expanding and has even surpassed the launch business. The demand is there, and Rocket Lab boasts more than $2 billion in contracts in its backlog waiting to be executed.
Source
Originally published at www.fool.com.
