---
title: Rocket Lab (RKLB) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/rklb
ticker: RKLB
as_of: 2026-10-18
sector: Industrials
industry: Aerospace & Defense
---
# Rocket Lab (RKLB)

Rocket Lab (RKLB) closed at $50.84 on Oct 16, 2026, overvalued by 83% vs its model value of $27.84 (from its peers' median EV/Revenue).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $50.84 (Oct 16, 2026) |
| Model value (from its peers' median EV/Revenue) | $27.84 |
| Price vs model | overvalued by 83% vs model |
| Range of that model | $25.73 – $122.44 |
| Market value | $30.4B |
| P/E (fiscal 2025) | — |
| Net margin (fiscal 2025) | -32.9% |
| Free cash flow (fiscal 2025) | -$321.8M |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 2.61 |
| Cost of capital (WACC) | 13.37% |
| Business classification | Turnaround (High revenue growth (~57% recent), Currently unprofitable, Moderately volatile earnings, Negative free cash flow) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Worst performing this year | #44 | −27.1% | https://sweetvaluelab.com/lists/worst-performing-this-year |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 18, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $0.00 | $0.00 | $0.00 |
| DCF · Perpetuity growth · 10y | cross check | $0.00 | $0.00 | $0.00 |
| DCF · EBITDA exit · 5y | cross check | $0.00 | $0.00 | $0.00 |
| DCF · EBITDA exit · 10y | cross check | $0.00 | $0.00 | $0.00 |
| EV/EBITDA · peers | cross check | $0.00 | $0.00 | $0.00 |
| EV/Revenue · peers | cross check | $27.84 | $25.73 | $122.44 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 25 open-market sales ($27.0M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | Spice Adam C. | Chief Financial Officer | Option/RSU exercise (10b5-1 plan) | 140,157 | $152,771.1 |
| Oct 1, 2026 | Spice Adam C. | Chief Financial Officer | Open-market sell (10b5-1 plan) | 39,669 | $2.8M |
| Oct 1, 2026 | Spice Adam C. | Chief Financial Officer | Open-market sell (10b5-1 plan) | 85,288 | $6.0M |
| Oct 1, 2026 | Spice Adam C. | Chief Financial Officer | Open-market sell (10b5-1 plan) | 15,200 | $1.1M |
| Oct 1, 2026 | Spice Adam C. | Chief Financial Officer | Option/RSU exercise (10b5-1 plan) | 140,157 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 14, 2026 | 8-K | 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1819994/000181999426000067/rklb-20261014.htm |
| Sep 15, 2026 | 8-K | 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1819994/000175392626001769/g085951_8k.htm |
| Aug 24, 2026 | S-4/A | Merger registration (amended) | https://www.sec.gov/Archives/edgar/data/1819994/000175392626001606/g085885_s4a.htm |
| Aug 13, 2026 | 8-K | 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1819994/000175392626001463/g085846_8k.htm |
| Aug 13, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1819994/000175392626001459/g085845_424b5.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Polen Capital | 2026-06-30 | 22,751 | $2.3M |
| Bridgewater | 2026-06-30 | 11,267 | $1.1M |

2 tracked managers in all.

## About

Headquartered in Long Beach, California, Rocket Lab USA, Inc. is a prominent aerospace firm established in 2006. This company delivers a comprehensive suite of space-related services and hardware, primarily catering to the space and defense industries. Their operations encompass orbital launch capabilities, advanced spacecraft engineering and construction, production of various spacecraft components, and sophisticated on-orbit management services, including full constellation management. Rocket Lab is known for developing and producing a range of launch vehicles, from small to medium-class rockets. Key products include the highly successful Electron small orbital launch vehicle and the versatile Photon satellite platforms, both of which they design, manufacture, and market. Furthermore, the company is actively developing the larger Neutron launch vehicle, capable of carrying 8-ton payloa…

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Source: https://sweetvaluelab.com/stocks/rklb (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.