Rocket Lab has legitimate buying behind it, visible in weekly volume, and could take out $100 this time, perhaps after a pullback, helped by the SpaceX IPO pump. Prior highs around $98-100 are the resistance to clear. x.comÂ
Anand
AI Engineer, Thematic Stock & Crypto Trader, Fundamental & Technical Analysis
Good SpaceX earnings could help Rocket Lab lead the new-space sector higher with a rally as violent as its capitulation. Rocket Lab is the sector leader outside SpaceX; its RSI is extremely oversold, the lower Bollinger band is overstretched and MACD's negative divergence is subsiding. Three upside gaps lie at $55.25-59.18, $64.22-65.71 and $73.11-74.76. The highest should fill before year-end, though the exact date is hard to predict. x.com x.comÂ
Rocket Lab's bounce has room to run to $65 after buyers returned following shipment of Neutron's second stage to its Virginia launch site. A break above $65 before November 9 results remains the real test. x.comÂ
Rocket Lab's $3B at-the-market offering shows it needs investor cash because it has no real earnings or path to profitability, and it should have raised $10-15B while the window lasts. Selling stock at such a high valuation is the only way to sustain the next 18-24 months, and the coming SpaceX IPO will most likely be the sell event for the entire space sector. x.com x.comÂ
Investors rotating into cheaper stocks with more upside should ultimately benefit Rocket Lab and AST SpaceMobile. Both have already suffered major drawdowns. x.comÂ
Rocket Lab should see money flow back once SpaceX's rich valuation corrects. SpaceX's listing day could be sell-the-news, pulling Rocket Lab back to $90-100 at most, but at roughly 90-100x sales it is valued about the same as SpaceX at around 115x. With expected Nasdaq inclusion on June 22 and capital rotating from SpaceX into quality space stocks, a lower-high move toward the $130 target banks just raised is possible. x.com x.comÂ
Rocket Lab has no reason to climb back above $100 anytime soon without a huge catalyst. Earnings were OK but nothing to rave about, and Neutron was delayed. x.comÂ
Rocket Lab's addition to the Nasdaq 100, coming alongside the SpaceX IPO, is set to drive a massive gain in the shares. x.comÂ
Rocket Lab is being disrespected given the pivotal role it should play in an exponentially growing rocket and space industry, even with SpaceX as the front-runner. The stock should get back above $100. x.com x.com x.comÂ
Rocket Lab could face a difficult 9-12 months because much of the space industry's future is already priced into equity valuations, even as its business and backlog grow. A monthly close below the $61 21-month EMA would raise the risk that the uptrend has ended and shift attention toward $35-45 for a better long-term entry; holding $61 preserves a more constructive reading. The company could still trade considerably higher over a longer horizon. x.comÂ
Rocket Lab is a better play than the SpaceX IPO, partly because of its lower launch costs. The stock offers a good entry point off its rising 50-day moving average. x.comÂ