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Down 57%, is now the time to add this mini-Space X stock to my ISA?
['Ben Mcpoland', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
One stock that I've wanted in my ISA portfolio for ages is Rocket Lab (NASDAQ:RKLB).
Today, though, the rocket stock has crashed all the way back to $65.
Then in mid-July, when the stock fell to $81, I wrote: "Even though it's crashed 47%, I believe I'll get this stock at a lower price, if I'm patient.
And the company, which is a rocket launcher and space systems builder, still ticks almost all of the things I look for in a growth stock.
As well as doing launches, Rocket Lab designs spacecrafts and components, and after a recent acquisition (expected to clear in 2027) it will have a satellite constellation.