Concerning Space stocks.
RKLB has been our play off and on a few times. We like the name.
Rocket Lab USA, Inc. (NASDAQ:
RKLB), a California-based space firm, has been leading the way with rocket launches and returns. Peter Beck, the CEO of Rocket Lab USA, Inc. (NASDAQ:RKLB), recently highlighted, during the third quarter earnings call, some of the growth plans of his firm moving into 2024. He also shed light on the performance of his company during the 2023 fiscal year.
“Starting with Electron, in July, we launched a mission with several satellites for NASA and others, which was the first of the two back-to-back reusability focused missions. After successfully deploying the first Mission 7 spacecraft, Electron’s first stage was bought back to Earth and recovered from the ocean. Then we followed that up with our 40th Electron launch and even more recovery milestones, including a return for stage and thea first launch, reflowing Rutherford engine previously flown on our 26 Mission, There and Back Again. The engine performed flawlessly like a new one, completely validating our pursuit of reusability for Electron and setting us up well to refly an entire engine set as our next major reusability goal. Next, I will provide a bit of an update for Electron. Following those two successful flights, as you know, we unfortunately experienced an anomaly on our 41st Mission. It’s important to remember that up until this launch, we have had 37 successful orbital missions to place 171 satellites in orbit. And the past two years have been flawless, with a record of 20 successful missions one after the other."
What I am thinking is SPAC X goes public in 2024 and ignites this sector.
4:00 PM 01/08/24