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Rklb stock price today11/12/2023 ![]() Recently, the company endured a failed launch of its “Electron rocket,” which typically carries third-party spaceships to orbital space. This over-reliance on government agencies puts the company at risk if those agencies decide to use another service. government agencies, such as the Department of Defense (DoD) and NASA. Moreover, Rocket Lab derives a significant portion of its revenue from U.S. For one, the company has to compete head-on with Elon Musk’s SpaceX, which is already dominant in the industry. However, Rocket Lab has several company-specific risks investors should know. The company emerged from the limelight after Russia’s invasion of Ukraine spurred demand for third-party satellite data to gather military intelligence. Rocket Lab’s space systems product includes its “Photon family” spacecraft which can be launched into space to gather images and other remote sensory data. Launching services help customers with small spacecraft launch into low earth orbit. ![]() Rocket Lab (NASDAQ: RKLB) specializes in providing launching services and space systems in both the space and defense industries. Investors would do well not to hope for Virgin Galactic stock to skyrocket anytime soon. Fierce competition from Blue Origin and SpaceX also jeopardizes the company’s commercialization plans. Total operating costs related to developing Virgin Galactic’s signature “motherships” have ballooned to $1.5 billion. There was the postponement of its first commercial flight, which was supposed to take place in late 2022. The space company, backed by British billionaire Richard Branson, has had a number of setbacks that have dampened hopes for any major breakthroughs in the near term. Since then, those still holding Virgin Galactic’s shares have been sorely disappointed. Shares rose as much as 9.7% that day but gains began to fizzle towards the end of the trading session. The company famously IPO’d via a special acquisition corporation (SPAC) merger process in late 2019. Virgin Galactic (NYSE: SPCE) aims to offer suborbital flights to paying customers but has been plagued by delays, technical issues and regulatory hurdles.
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