How to Buy Rocket Lab Stock [2024]

Summary: Rocket Lab is a publicly listed aerospace manufacturer and launch service provider. Trading on the Nasdaq Exchange under the ticker RKLB, investors interested in buying Rocke Lab stock can easily do so with an online broker like eToro.

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About Rocket Lab

Rocket Lab’s homepage. Source: Rocketlabusa.com

Rocket Lab, Inc. (NASDAQ: RKLB) is an end-to-end space enterprise offering various services, from launch solutions and satellite manufacturing to on-orbit operations.

Founded in New Zealand in 2006, Rocket Lab made history with the successful launch of Ātea-1 in 2009, becoming the first private entity in the Southern Hemisphere to venture into space. In 2013, the company shifted its headquarters to California, USA, and introduced the expendable Electron rocket, which had its first launch in May 2017.

The company went public in August 2021 via a merger with a Special Purpose Acquisition Company (SPAC) and trades on the Nasdaq Exchange under the ticker RKLB.

How to buy Rocket Lab stock: Step-by-step process

To buy Rocket Lab stock, follow these four simple steps:

Choose a broker;
Register an account and deposit funds;
Invest in RKLB;
Monitor your position periodically.

Note

For more diversified exposure to space stocks, check out our guide about the top 3 space ETFs to buy in 2024.

Step 1: Choose a broker

In selecting brokers, besides making sure they provide access to NASDAQ and RKLB, take into account these five criteria:

Fees and commissions: Look for competitive rates;
Security: Prioritize platforms with stringent cybersecurity measures;
Regulatory alignment: Ensure the broker is governed by a trusted financial body;
Deposit and withdrawal processes: Their transaction methods should be convenient and affordable;
Fractional share trading: This will allow you to buy shares by the dollar amount, particularly helpful for setting up a dollar cost-averaging strategy.

To quickly and safely buy Rocket Lab stock, we recommend using eToro, which is fully regulated and offers the following features:

Commission-free stock and ETF trading;
Over 2,000 stocks from numerous exchanges;
Fractional shares;
A user-friendly platform.

Highly Rated Stock Trading & Investing Platform

Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

Step 2: Register and fund your account

You’ll need to provide some basic personal information to create your account, including your name, address, phone number, email, and a form of identification for verification purposes in line with financial regulations.

Don’t forget to choose a strong password and employ two-factor authentication if available.

Post-verification, you can fund your account:

Pick a deposit method, e.g., bank transfers, debit/credit card payments, or third-party payment systems like PayPal (PYPL),
Set the deposit sum, noting any platform-specific minimum deposit prerequisites;
Proceed as instructed to move funds to your broker account.

Step 3: Place your order and buy RKLB shares

With funds in place, buying is straightforward:

Search for Rocket Lab using its ticker, RKLB;
Decide on a market or limit order;
Specify the share quantity or dollar value of RKLB to purchase;
Review and confirm the details before authorizing the purchase.

Step 4: Monitor your investment

Here’s how you can effectively monitor your investment in Rocket Lab:

Quarterly and annual Reports: Periodically, check Rocket Lab’s quarterly and annual reports. These documents provide a deep dive into the company’s financial health, business strategies, and future plans;
Industry news: Stay updated with the aerospace industry’s latest trends, news, and developments. Any significant changes or advancements in the sector can have a potential impact on Rocket Lab’s stock value;
Company announcements: Rocket Lab, like other publicly traded companies, will release public statements about significant developments, partnerships, contracts, or other major events. Pay attention to these as they can influence the stock’s performance;
Stock analysis tools: Utilize stock analysis tools and platforms to get insights into Rocket Lab’s stock performance, including technical analysis and comparison with industry peers;
Set periodic reminders: Instead of checking daily, set up monthly or quarterly reminders to review your investment. This method reduces the stress of daily stock watching and helps you maintain a longer-term perspective;
Diversification: While monitoring Rocket Lab, it’s also beneficial to see how your overall portfolio is performing. Ensure you have a diversified set of investments to mitigate risks;
Financial news and analysis: Subscribe to financial news platforms or journals that provide analyses of stocks, including Rocket Lab. Analyst ratings, predictions, and commentaries can give you different perspectives on the stock’s potential.

Rocket Lab stock price today

Pros and cons of buying Rocket Lab stock

Pros

Growth potential: The satellite launch market, especially for small satellites, is witnessing increasing demand. Rocket Lab’s specialization in this sector positions it for potential growth;
Established track record: Since its inception, Rocket Lab has successfully launched multiple rockets, proving its reliability and technological prowess;
Innovation: Rocket Lab continuously innovates, with developments like the Electron rocket and Photon satellite buses, suggesting it’s at the forefront of industry advancements;
Diversified services: Beyond launches, Rocket Lab’s broader range of services, like spacecraft design and on-orbit management, increases potential revenue streams;
Government contracts: Rocket Lab has been awarded contracts by prestigious institutions, including NASA, which can be seen as a testament to its credibility.

Cons

Intense competition: The aerospace sector is rapidly growing, with companies like SpaceX, Blue Origin, and others competing for a share of the market;
Technological risks: Aerospace is a complex sector. Any technological failures or launch mishaps can significantly impact the company’s reputation and stock value;
Regulatory hurdles: The space industry is subject to stringent regulations. Any changes in space laws or international treaties can influence Rocket Lab’s operations;
Profitability concerns: The high costs associated with rocket launches and the competitive pricing needed to secure contracts might affect consistent profitability.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Rocket Lab stock