In my non-financial, non-expert opinion, I believe NASDAQ:VACQ is highly underrated and is being vastly underestimated by the market. Assuming the SPAC transaction goes well, NASDAQ:VACQ will become RKLB. Rocket Lab is one of two successful satellite launch providers. According to their website, they've launched 104 satellites thus far. They've also completed 19 total missions. VACQ shares saw a significant uptick in early March but has since declined to its February levels. I still believe in the game-changing potential of Rocket Lab. They're not as well known as SpaceX but they have a significant lead over other competitors like Virgin Orbit. I would never discount a runner up especially in space, a new frontier akin to the early automobile industry.
That being said, this downtrend is sweat-inducing. It looks like an opportunity to me but I'm not a financial advisor so don't listen to me.
An interesting breakdown of this can be found on EquityBreakdown.com
That being said, this downtrend is sweat-inducing. It looks like an opportunity to me but I'm not a financial advisor so don't listen to me.
An interesting breakdown of this can be found on EquityBreakdown.com
Satellite launch and rocket companies today are akin to cloud service providers. AWS was the clear winner (and is still #1 today) but this isn't permanent. Microsoft Azure and Google Cloud have seen higher revenue, demand and growth in recent years. While I'm careful to correlate to the two different businesses (rockets/space vs cloud computing), the similarities are apparent.