The analyst is bullish on RKLB as a consolidator in the space economy, highlighting strong revenue growth, backlog increase, and a major acquisition to become a vertically integrated space/defense platform, maintaining a long-term positive thesis.
Q1 2026 revenue up 63% YoY, backlog up 108% YoY, $8B acquisition of Iridium Communications to expand satellite communications, moving beyond launch company to integrated platform, supporting 'SpaceX #2' thesis.
$RKLB — Space economy consolidator Q1 2026 revenue hit $200.3M, up 63% YoY, with backlog surging 108% YoY to $2.2B. Just announced an $8B acquisition of Iridium Communications to expand into satellite communications — a major step toward becoming a vertically integrated space/defense platform, not just a launch company. Volatile , but the long-term “SpaceX #2” thesis is intact.
| Horizon | Raw move | vs SPY |
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| 1 day | +0.0% | +0.0% |
| 1 week | -17.6% | -17.3% |
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| 3 months | — | — |
| 6 months | — | — |