LMT - Rocket Lab's Flying Again. Does It Matter?
2023-12-30 06:06:00 ET
For nearly a decade after its formation in December 2006, the United Launch Alliance (ULA) joint venture between Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) was the de facto dominant space-launch company in the U.S.
Then came SpaceX, successfully launching a Falcon 1 rocket to orbit in 2008, launching a bigger Falcon 9 rocket in 2010, and then landing Falcon 9 rockets with regularity starting in 2015. Ever since, the balance of power between ULA and SpaceX has shifted to the point that SpaceX is getting really close to its target of launching 100 times this year , while ULA has launched only three times.
And yet, did you know there's a third space company in this space race -- one launching three times as fast as ULA in 2023?
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Rocket Lab's Flying Again. Does It Matter?