Is SpaceX's Starship a Threat to Rocket Lab Stock Now That It Has Reached Orbit?
A full load of the huge rocket's new satellites can add as much Starlink capacity as around 20 Falcon 9 launches. So where does this leave the medium-lift rocket its smaller rival is building?
Overview
SpaceX (NASDAQ:SPCX) finally got Starship into orbit. On Monday, Sept. 28, the huge rocket's upper stage reached orbit for the first time and released 26 of the company's next-generation V3 Starlink satellites. An engine issue ended the mission early.
This might look like bad news for Rocket Lab (NASDAQ:RKLB). The space company is spending a lot on Neutron, a reusable rocket designed to compete for the sort of launch work SpaceX's Falcon 9 does now. And shares of the growth stock trade near $70 as I write, under half the 52-week high of $151.
Details
Does a working Starship threaten Rocket Lab? I think it does, but mainly through Neutron, which hasn't flown yet.
Source
Originally published at www.fool.com.