AST SpaceMobile repurchases $135 million in convertible notes via stock sale
Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $35.00 price target on Rocket Lab USA (NASDAQ:RKLB) following the company’s recent successful launches. According to InvestingPro data, the stock has delivered an impressive 630% return over the past year, though it currently trades at a premium to its Fair Value.
Rocket Lab announced on June 28 that its Electron Rocket completed a successful launch from Launch Complex 1 in New Zealand, delivering an undisclosed satellite into a 650 km sun-synchronous orbit.
This launch came just one day after the company’s June 27 success with its 67th Electron Mission, "Get The Hawk Outta Here," which deployed four satellites from the same launch site at 5:28 AM NZT.
The June 27 mission included a trio of microsatellites called Cluster 12 for HawkEye 360, a provider of radio frequency geospatial analytics.
Rocket Lab has now completed 10 Electron launches in 2025 and aims to exceed 20 launches by year-end, according to Cantor Fitzgerald’s research note. With a market capitalization of $16.45 billion and a healthy current ratio of 2.08, the company maintains strong liquidity to support its ambitious growth plans.
In other recent news, Rocket Lab USA has been making significant strides in the space industry. The company recently completed a successful launch for HawkEye 360, marking its 67th Electron rocket mission and the second of three dedicated launches under a multi-launch contract with the analytics provider. This mission demonstrated Rocket Lab’s rapid launch capabilities, with another mission scheduled just 48 hours later. In addition to its launch achievements, Rocket Lab completed the Critical Design Review for the Space Development Agency’s Tranche 2 Transport Layer-Beta program, advancing to full-scale production. This involves delivering 18 spacecraft as part of a communications network for U.S. and allied forces.
KeyBanc recently raised its price target for Rocket Lab to $40, citing strong growth momentum in its Launch Services and Space Systems segments. The firm highlighted the company’s progress with its Neutron rocket and the successful integration of recent acquisitions. Meanwhile, Goldman Sachs assumed coverage with a Neutral rating and a $27 price target, noting Rocket Lab’s position as a reliable launch provider but pointing out its current lack of profitability and cash flow. These developments underscore Rocket Lab’s growing role in the space sector, as it continues to expand its launch and satellite capabilities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.