Rocket Lab's Revenue Is Soaring. So Why Is the Stock Sinking?
The rocket flight company might push back the timeline yet again for the debut of its new rocket type.
Overview
This summer, we saw the debut of Space Exploration Technologies -- otherwise known as SpaceX -- stock in a massive initial public offering (IPO). We also saw share prices across space-economy stocks collapse after said IPO, with no better example than Rocket Lab (NASDAQ: RKLB), one of the sector's biggest names in public markets.
Shares of the rocket flight and space services company trade down about 58% from the highs set earlier this year, even though its revenue grew 62% year over year last quarter. A falling share price and a growing business can develop into a great buying opportunity.
Details
Does that mean now is the time to buy the dip on Rocket Lab stock?
Source
Originally published at www.fool.com.
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