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0 -0.000871080139372804 0.000871080139372804 0.0105400696864112 0.0130662020905924 0.00696864111498258 0.00435540069686417 0.00391986062717769
Stock impact report

Rocket Lab Stock Is a ‘Buy' Because Costs Are Falling in Space [MarketWatch]

Rocket Lab USA, Inc. (RKLB) 
Company Research Source: MarketWatch
Wednesday, analyst Kristine Liwag launched coverage of Rocket Lab USA (RKLB) with a Buy rating and $17 price target. Rocket Lab (ticker: RKLB) stock was up about 5.7% at $11.48 in early trading Wednesday. The S&P 500 and Dow Jones Industrial Average had risen about 06% and 0.3%, respectively. Liwag believes that the decline in costs is opening up space to new applications and additional investment. Rocket Lab can gain because it has reusable rockets that can deliver satellites to space, and can also build and operate small satellites. Rocket Lab is a little like a miniature version of SpaceX , Elon Musk's rocket company. SpaceX ‘s rockets are larger than Rocket Lab's, and it is valued at roughly $100 billion in private markets. while Rocket Lab's market capitalization is a little more than $5 billion. Rocket Lab's Electron rocket is the second-most frequently launched U.S. rocket, behind the SpaceX Falcon 9. With the new Buy, five out of six, or 83%, of analysts rates Rocket sh Show less Read more
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