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SpaceX, the most valuable privately held company in the world, is valued at approximately $350 billion. Its shares, however, are not available on the stock market, leaving potential investors with limited options to gain exposure to the space industry.
Rocket Lab, listed on NASDAQ as RKLB, is positioned as a competitor to SpaceX. The company has secured contracts for national defense systems, such as HASTE, and is involved in the U.S. National Security Space Launch program, which has a budget of $5.6 billion through 2029. Rocket Lab’s revenue backlog exceeds $1 billion as it prepares to launch its new Neutron rocket, which could increase its competitive stance against SpaceX.
The proposed Golden Dome missile defense system is projected to cost $175 billion, and Rocket Lab aims to win contracts associated with it. The company’s current price-to-sales (P/S) ratio is around 28.5, indicating it is seen as a costly investment amidst its lack of profitability.
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