Rocket Lab: Still A Dream Stock, Soon With Debt

Rocket Lab is rated Hold at about $66 in an analyst assessment that says the stock leaves little margin for error if its Neutron rocket is delayed again. The company’s planned Iridium deal would use roughly $2.9 billion in cash and add about $2.16 billion in debt, reducing its financial cushion. The analysis says the valuation already assumes substantial Neutron revenue and 16 booked missions.