Cantor Fitzgerald Initiates Coverage of Rocket Lab USA

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Cantor Fitzgerald has recently initiated a rating for Rocket ($NASDAQ:RKLB) Lab USA Inc., a Knox Daily-based aerospace manufacturing and launch services company. The company has developed and operates the world’s first and only orbital launch vehicle dedicated solely to the small satellite market. With a commitment to providing frequent and reliable launch services, Rocket Lab USA has achieved the fastest time to orbit from launch site to payload deployment in history. The company’s strategic growth plan includes developing their Electron launch vehicle for a variety of uses from satellite deployment to orbital missions, while continuing to provide customers with industry leading launch services.

Additionally, Rocket Lab USA is focused on expanding their geographically diverse launch sites across the globe, as well as creating new partnerships with other leading aerospace companies. Rocket Lab USA’s success has been driven by its innovative products, customer service and commitment to precision and reliability. Going forward, their aim is to continue to revolutionize the space industry and become a leader in the commercial space market. With Cantor Fitzgerald’s new coverage of Rocket Lab USA Inc, investors now have access to up-to-date information and comprehensive research on the company’s progress.

Price History

Cantor Fitzgerald initiated coverage of Rocket Lab USA Inc. on Monday. The stock opened at $4.7 and closed at $4.5, representing a decline of 2.6% from its prior closing price of $4.6. This was the first day of public trading for the company, which is a maker of small launch vehicles and rocket-powered payloads. The company plans to use its proprietary technology and launch capabilities to provide cost-effective space access solutions to a variety of customers.

With its mission to revolutionize the launch industry, Rocket Lab USA is well-positioned to benefit from the growing demand for satellite launches and other space-related services. As the global space industry continues to expand, Rocket Lab USA will be well-positioned to capitalize on this growth. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for RKLB. More…

Key Ratios Snapshot

Some of the financial key ratios for RKLB are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of ROCKET LAB USA’s fundamentals. Our Star Chart analysis indicates that ROCKET LAB USA is strong in terms of assets and growth, yet weak in terms of dividends and profitability. As such, we classify ROCKET LAB USA as a ‘cheetah’, a type of company that achieves high revenue or earnings growth but is considered less stable due to lower profitability. Given its profile, ROCKET LAB USA may be attractive to investors who are looking for higher returns but accept more risk. However, given its high health score of 7/10 considering its cashflows and debt, ROCKET LAB USA appears to be capable of paying off its debt and funding future operations. Overall, investors should take into account the risks associated with this type of company before making any decisions. More…

Peers

Rocket Lab USA Inc is an American aerospace manufacturer and small satellite launch services provider founded in 2006 by Peter Beck. The company has developed the Electron rocket, a two-stage launch vehicle designed to deliver small payloads to low Earth orbit. The company has launched over 50 missions to space, including launches for the US government, commercial customers, and international partners. The company’s main competitors are Astra Space Inc, Donaldson Co Inc, and ZIM Integrated Shipping Services Ltd.

– Astra Space Inc ($NASDAQ:ASTR)

Astra Space Inc has a market cap of 148.19M as of 2022, a Return on Equity of -66.31%. The company is engaged in the development of technology for small satellites and launch vehicles.

– Donaldson Co Inc ($NYSE:DCI)

Donaldson Company, Inc. engages in the manufacture and sale of filtration systems and replacement parts. It operates through the following segments: Engine Products, Industrial Products, and Corporate. The Engine Products segment offers replacement filters and parts for off-road equipment, on-road vehicles, and industrial equipment. The Industrial Products segment comprises of replacement filters and parts for industrial equipment, including dust, fume, mist, toxic and submicron particulates, and aerosumable products. The Corporate segment includes the unallocated expenses of the company. Donaldson was founded by Frank Donaldson in 1915 and is headquartered in Bloomington, MN.

– ZIM Integrated Shipping Services Ltd ($NYSE:ZIM)

ZIM Integrated Shipping Services Ltd is a global shipping company that operates a fleet of cargo vessels. The company has a market cap of 2.92B as of 2022 and a return on equity of 105.77%. The company’s vessels transport a variety of cargo, including containers, dry bulk, and break bulk. ZIM also provides shipping and logistics services, such as container management, terminal operations, and supply chain solutions.

Summary

Rocket Lab USA Inc has been given an initial rating of “Outperform” by Cantor Fitzgerald. This investment analysis has been based on the company’s capabilities, past success and potential future performance. The company is a leading small satellite launch provider, with a launch success rate that is unmatched in the industry. Its Electron launch vehicle has been successful on all fourteen launch attempts to date.

Rocket Lab’s customer base includes government agencies, commercial operators, and research institutions. The company is well positioned to capitalize on the growth of the small satellite industry, which is set to triple in size over the next five years. Investors can be confident that Rocket Lab USA Inc will continue to see strong returns as it further expands its capabilities and customer base.