Can Rocket Lab's Component Portfolio Support Space Market Growth?
Rocket Lab is expanding its spacecraft component portfolio by commercializing technologies developed for its launch vehicles and spacecraft programs, including avionics, radios, and batteries. With flight hardware on over 1,800 missions, the company aims to increase its presence in the spacecraft supply chain and capture recurring revenue opportunities as satellite operators deploy larger constellations. However, RKLB trades at a significant premium to industry peers with a forward P/S ratio of 31.43X versus 7.25X industry average.