Professional
Added to YB: 2025-02-26
Pitch date: 2025-02-25
RKLB [bearish]
Rocket Lab Corporation
-192.6%
current return
Author Info
Bleecker Street Research is an activist short-seller exposing overvalued stocks. Sign up for the newsletter.
Company Info
Rocket Lab Corporation, a space company, provides launch services and space systems solutions in the United States, Canada, Japan, and internationally.
Market Cap
$22.7B
Pitch Price
$21.02
Price Target
N/A
Dividend
N/A
EV/EBITDA
-122.80
P/E
-110.16
EV/Sales
39.98
Sector
Aerospace and Defense
Category
N/A
Rocket Lab (RKLB): We Think It’s Gonna Be a Long, Long Time
RKLB short: Neutron launch delayed to 2026-27, not mid-2025 as claimed. Misses NSSL contracts. E-Space sole customer, questionable. $300-600M cash needed pre-profitability. Competitive challenges vs SpaceX. Electron struggling. Valuation unsupported by current business.
Read full article (30 min)