In my opinion, RKLB's stable and established reputation is becoming more appealing to customers, who are opting for bulk launch orders in a market with limited capacity. Management plans to launch approximately 15 missions in 2023, but they are approaching the manifest cautiously due to launch delays. The management team expects Launch to return to growth and gross margin expansion as launch prices move back toward RKLB's historical norm. This launch was a research and development mission that was subsidized, and during this mission, RKLB attempted to retrieve Electron's first stage using a helicopter. The gross margins for the fourth quarter of 2022 were lower than expected, partially due to RKLB's November 4th launch generating below-average revenue. Therefore, I stand by my previous recommendation to buy RKLB's stock. While I consider RKLB's 2024 deadline for Neutron's development to be somewhat challenging, I believe the management team's execution track record with Electron suggests that they will succeed. In my opinion, RKLB is a small-sized launch company with tremendous potential, and as Neutron's development continues, they will become more attractive to potential buyers. I believe Neutron has a chance to become a significant player in the Space Force's National Space Security Launch Phase 3 program, which focuses on medium-sized launch vehicles. This is where Neutron's role becomes crucial in expanding RKLB's launch market position. However, Electron's payload capacity to Low Earth Orbit of around 300kg is relatively small compared to the increasing market demand for higher volume launches. It is noteworthy that Electron's flight record is improving, and as a result, the company has the potential to charge more as customers seek reliable transportation in a market with limited capacity. Based on the latest results, I am optimistic about RKLB's progress, as they successfully completed 9 missions in 2022 and have plans to launch about 15 missions in 2023. Rocket Lab ( NASDAQ: RKLB) provides dependable services for launching, designing, manufacturing, and managing spacecraft and on-orbit activities.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |