500 Million Reasons to Buy This Cathie Wood SpaceX Competitor in 2024

The space exploration industry has garnered a lot of attention in recent years. The exciting progress of SpaceX, which was founded by CEO Elon Musk, has helped bring commercial space applications to the mainstream.

One company making noticeable strides is Rocket Lab USA (NASDAQ: RKLB). The company markets itself as an end-to-end space business -- specializing in launch services, satellite manufacturing, and software used on spacecraft.

At just $5.45 per share, the stock is hovering around all-time lows. Is this a grim sign, or is it possible that the stock is about to take flight?

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Source Fool.com