Rocket Lab USA Inc. (NASDAQ: RKLB) has emerged as one of the most impressive performers in the aerospace and defense sector in 2024. The stock has gained an astounding 280% this quarter alone, cementing its status as a favorite among retail investors.
As the space industry grows increasingly competitive, Rocket Lab is positioning itself as a formidable contender to SpaceX, with Elon Musk’s company valued at nearly $350 billion. With RKLB shares pulling back 18% from their 52-week high, investors might wonder if this dip presents a fresh buying opportunity in the space race.
