RKLB - Rocket Lab USA

[Onemootpoint]

On CNBC last night:

"Rocket Lab CEO Peter Beck on building hypersonic technology"

https://www.youtube.com/watch?v=WPMPz8LWVP8

[Hectorplains]

More details of engine reuse as raised in the interview.

[Hectorplains]

Things going off with a bang at SpaceX.  So employees 'cheered' the explosion, that must fill potential travelers with deep confidence.

[Onemootpoint]

Yes, saw the news of the Big Bang last night. Had the same thoughts   

[Hectorplains]

Beck's story.

"Based on 7 Wall Street analysts offering 12 month price targets for Rocket Lab USA in the last 3 months. The average price target is $7.65 with a high forecast of $13.00 and a low forecast of $2.50. The average price target represents a 93.67% change from the last price of $3.95"  Suggesting analysts have little / no idea how to value this stock.  I have a few in my high spec portfolio.

[Onemootpoint]

Some RKLB news:

"Rocket Lab says its decision to delay its planned mission to Venus by about two years was made for business reasons, but its share market performance was not a factor."


https://www.stuff.co.nz/business/132606001/rocket-lab-says-venus-mission-delay-a-business-decision

[Hectorplains]

Trading up 88.3% on the start of the calendar year.  Plenty of positive puff pieces in the press too.  Hopefully, there is more in the tank yet.
 
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[Hectorplains]

Dang, Beck flicking $22m of his stock has put the rocket in reverse. Shame as we'd had a good run of positive news stories. 

[winner (n)]

Bad day in office for Rocketlab ...failed launch

Suppose losing a customers satellite is an expensive exercise

[Hectorplains]

Rocket Lab is due to post Q3 guidance which hopefully is not the third leg of a bad news trifecta.

[Hectorplains]

Rocket Lab released that their third-quarter revenue has been cut from between US$73 million to US$77m to a US$66m-$68m range following its failed flight on Sept 19.  20% downgrade.  Trading $4.05 post market. 

The euphemism they're using for the rocket failure is "the anomaly."

[Onemootpoint]

Shares getting punished for that failure, along with the current market pressures.

[Hectorplains]

Rocket Lab is taking on the lease and most of the staff at SAILGP's Warkworth manufacturing site. SailGP has been a supplier to Rocket Lab.
 
Great that 55 employees with advanced composites expertise remain in New Zealand.  This further solidifies New Zealand's physical place in the  aerospace industry too. 

Farewell SailGP and your CEO Russell Coutts, don't let the door hit your butt on the way out.  New Zealand's fairest weather friend.

Thankfully, the space race, unlike yacht races, doesn't have its hand perpetually extended to the tax player for funding.     

[Onemootpoint]

I was a bit annoyed when I initially heard of the SailGP developments shifting to the UK. Felt like deflating the sails so to speak.

But good on RKLB continuing there keeping on staff.

[Hectorplains]

Luxon today promising a minister for space. 

"New Zealand's commercial aerospace industry employs 12,000 people and contributes $1.7 billion to the economy. New Zealand is one of only 11 countries with active launch-to-orbit capability, with Rocket Lab launching more than 30 times from the Mahia Peninsula," he said.

National's space policy said it supported building "two dedicated testing zones for space and aerospace, in addition to the site at Kaitorete".

Cool a 'space' minister, to go with the other waste of ...space ministers. Cue the puns!