In the world of commercial space launch companies, SpaceX reigns supreme. However, Rocket Lab USA (NASDAQ: RKLB) is making strides and carving out a spot of its own. In the first quarter, Rocket Lab successfully completed four launches and saw its revenue blast 69% higher.

Rocket Lab has been awarded some pretty significant government contracts, and more could be on the way. However, the stock is down 78% from its all-time high price of $21. As revenue ramps up, is now the time to buy some shares?

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Source Fool.com