Prediction: Rocket Lab Will Turn Profitable and Free-Cash-Flow-Positive in 2027 -- Thanks to Iridium
Peter Beck already loves this acquisition. Rocket Lab investors should be even happier.
Overview
For years, Wall Street analysts have predicted that profits were just around the corner for Rocket Lab (NASDAQ: RKLB). Ramping Electron launches and the potential for a newer, larger Neutron rocket have been repeatedly cited as reasons to expect Rocket Lab to turn that corner and begin reporting generally accepted accounting principles (GAAP) net earnings -- and free cash flow, too.
It hasn't happened yet, but now that Rocket Lab has announced a big acquisition of satellite company Iridium (NASDAQ: IRDM), I'm prepared to climb out on a limb myself and make the following prediction: Rocket Lab will turn profitable and free-cash-flow-positive in 2027.
Image source: Rocket Lab.
Details
Source
Originally published at www.fool.com.