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$LQDA - Not surprising after this earnings call... https://t.co/ykfXwhJzz8
Rocket Lab $RKLB CFO Adam Spice said that the current valuations attached to some public space companies make them more affordable than startups. That certainly jives with what we’ve seen happen among space stocks, many of which were launched through mergers with SPACs.
$LQDA PT raised to $32 at H.C.W
Rocket Lab's 2023 revenues grew by about 16% to nearly $245 million, with a significant increase in gross margin from 9% to 21%. The Space Systems division accounted for over 70% of revenues and is expected to drive growth. The Neutron rocket poses a major risk as Rocket Lab aims to compete with SpaceX. Meanwhile, LMB's stock price dropped by 10% after hours despite beating estimates for FY23 and expanding gross margins by 300bps YoY. Rocket Lab's CFO noted that public space companies are currently more affordable than startups due to their valuations.