A Fresh Look at Rocket Lab (RKLB) Valuation as Exclusive Multi-Launch Deal with Synspective Grows

Rocket Lab (RKLB) shares moved higher after the company announced it will conduct 10 additional Electron launches for Synspective, strengthening its position as the sole launch provider for the satellite operator.

See our latest analysis for Rocket Lab.

Rocket Lab’s expanded Synspective contract landed just as investor interest in space infrastructure is picking up, with the market rewarding signs of operational scale and exclusive partnerships. While the share price itself has been relatively steady lately, a 4.7% total shareholder return over the past year hints at growing optimism for Rocket Lab’s long-term prospects. This is due to milestones such as spacecraft deliveries for NASA and major multi-launch deals. Recent news has added momentum and reinforced its leading role in next-generation satellite launches.

If the surge in launch contracts makes you curious about other innovators in space and defense, consider exploring See the full list for free.

As shares continue to rally and multi-launch contracts hit record highs, investors are left to wonder if Rocket Lab’s strong momentum still offers an attractive entry point or if expectations for future growth are already reflected in the price.

Most Popular Narrative: 21% Overvalued

The most widely followed narrative sets Rocket Lab’s fair value below the last closing price, suggesting optimism may have pushed shares beyond fundamental assumptions. Ahead, the quote highlights what supporters see as the company’s core edge in the rapidly evolving space sector.

Rocket Lab's move toward end-to-end space solutions, including the acquisition of Geost and expanding vertically integrated payload, satellite, and launch service capabilities, uniquely positions the company to capture larger, national security and defense contracts like the Golden Dome and SDA constellations. This supports significant top-line growth and enhanced gross margins in future quarters.

Read the complete narrative.

Want to know what’s fueling this sky-high valuation? The main narrative rests on bold projections for explosive revenue growth, drastically improved profit margins, and an earnings number that would surprise most skeptics. Which crucial financial leap must Rocket Lab achieve to hit this target? Dive in to explore the aggressive blueprint that drives this big call.

Result: Fair Value of $46.4 (OVERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, ongoing high R&D spending and potential delays in key government contracts could quickly challenge the optimistic outlook surrounding Rocket Lab’s future profitability.

Find out about the key risks to this Rocket Lab narrative.

Build Your Own Rocket Lab Narrative

If you see things differently or want to shape your own perspective, you can easily build a narrative of your own in just a few minutes: Do it your way

A great starting point for your Rocket Lab research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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