If SpaceX is worth $255B what does that mean for Rocketlab?
Posted: Nov 17, 2024
- SpaceX Tender valued at $255B
- Trying to determine how Rocketlab will be valued based on this
- SpaceX estimated to have done $8.7B in revenue this year, projected to grow to $15B next year
- Rocketlab has just over $100M in revenue, projected to grow to $600M next year
- Rocketlab's market is larger than envisioned based on SpaceX revenue
- Rocketlab could reach $2B - $3B in revenue in the next 5 years
- Current gross margin could lead to EBITDA between $600M and $1B
- Justifying a potential doubling of Rocketlab's current Market Cap of $10B
- Not investment advice, just speculation based on revenue projections.
What do people on Reddit think?
🚨 Reddit sentiment: mixed/positive - Comments are generally positive about RKLB's individual merits and potential future growth but acknowledge the challenging comparison to SpaceX's unique position and leadership Summarized comments: - SpaceX would likely be valued much higher post-IPO - With SpaceX rapid development, there is no comparing the two. Just value RKLB on its own merits, which are impressive as it is - Rocket Lab earned $105M in Q3, NOT for the whole year. They’re on track for around $430M in 2024 - The money isn’t in launch but in the constellation / space systems arm of the business . That’s where RKLB needs to focus for future growth leveraging neutron - SpaceX has Elon Musk, which by default will cause anything associated to be artificially inflated compared to similar stocks Stock tickers discussed: $RKLB
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