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Rocket Lab Corporation (NASDAQ:RKLB) ranks among the stocks that could 10x over the next 10 years. On March 18, Rocket Lab Corporation (NASDAQ:RKLB) reported that it had signed a $190 million contract for 20 hypersonic test flights utilizing its HASTE launch platform, which is the company’s largest launch arrangement to date. The agreement is a component of the US Department of War’s Multi-Service Advanced Capability Hypersonic Test Bed 2.0 program.
Since 2023, Rocket Lab Corporation (NASDAQ:RKLB) has successfully executed numerous HASTE launches at speeds exceeding Mach 5 for the MACH-TB program, achieving a 100% mission fulfillment rate.
On the same day, Clear Street began coverage of Rocket Lab Corporation (NASDAQ:RKLB), with a Buy rating and a price target of $88. The firm described the company’s vertically integrated architecture as an edge that competes with some of SpaceX’s services, the industry leader.
Rocket Lab Corporation (NASDAQ:RKLB) is a space company that provides launch services and space systems solutions in the US, Canada, Japan, and internationally. The company operates through launch services and space systems segments.
While we acknowledge the potential of RKLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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