Rocket Lab and Lockheed Martin Seen as Better Space Stock Buys Than SpaceX After Record IPO

Industry
โดย The Motley Fool·Read original
Summary · why it matters

SpaceX completed the largest initial public offering in history on June 12, closing with a valuation of around $2.1 trillion, but its expensive valuation and modest revenue make it vulnerable to big price swings. Rocket Lab, SpaceX's primary launch competitor, has carved out a niche with its small-lift Electron rocket and recently secured a $190 million contract for 20 hypersonic test flights under its HASTE program, while its space systems segment accounts for $1.3 billion of a $2.2 billion backlog. Lockheed Martin offers a more diversified and stable alternative, serving as the prime contractor for NASA's Orion spacecraft and benefiting from its F-35 program projected to generate $2.1 trillion over its 94-year lifecycle, along with a 2.7% dividend yield that has grown for 23 consecutive years.

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Space Economy± Mixed · 2 stocks
Rocket Lab USA Inc.
RKLB
▲ PositiveDemandrelevance

Rocket Lab secured a $190 million contract for 20 hypersonic test flights under its HASTE program and has a $2.2 billion backlog, indicating strong demand.

Defense & Geopolitical Fragmentation · 1 stocks
Lockheed Martin Corporation
LMT
▲ PositiveDemandrelevance

Lockheed Martin is highlighted as a prime contractor for NASA's Orion spacecraft and benefits from its F-35 program, indicating strong demand for its products.

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