Rocket Lab (RKLB) stock closed just under $54 on Monday, down 64% from its peak of $151 in late May, before the SpaceX IPO reduced investor interest in space stocks. At a $34 billion market cap, it is far smaller than SpaceX, which is valued at about $2 trillion. The company's latest reported revenue was $234 million, up 62% year over year, and trailing 12-month revenue is $769 million. Its Electron rocket can carry payloads up to 300 kg, while the larger Neutron rocket can carry up to 13,000 kg, or 15,000 kg on expendable missions, though its first launch has been delayed until next year. The article notes the business remains unprofitable and its spending is likely to stay high.
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