Baillie Gifford Adds $59M in Rocket Lab Corporation ($RKLB)
Key Points
- Baillie Gifford changed its Rocket Lab Corporation ($RKLB) stake by 3.2% last quarter, boosting to 18,428,043 shares worth $1.89 billion.
- Wall Street's consensus rating on $RKLB is Buy and an average price target of $105.28.
- $RKLB last traded around $102.42.
Baillie Gifford increased its position in Rocket Lab Corporation ($RKLB) by 3.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,428,043 shares of Rocket Lab Corporation after buying 576,597 shares during the quarter. Baillie Gifford's holdings in Rocket Lab Corporation were worth $1.89 billion as of its most recent filing.
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About Rocket Lab Corporation
Rocket Lab Corporation, a space company, provides launch services and space systems solutions in the United States, Canada, Japan, and internationally. The company operates through launch services and space systems segments. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, optical systems, and other spacecraft and on-orbit management solutions and constellation management services, as well as designs and manufactures small and medium-class rockets and develops flight and ground software. It also designs, manufactures, and sells Electron, an orbital small launch vehicle for small spacecraft launch services, as well as develops Neutron launch vehicles for large constellation deployments, interplanetary missions, and potentially for human spaceflight. In addition, the company designs and manufactures a range of components and subsystems for its launch vehicles and spacecraft. It serves commercial, aerospace prime contractors, and government customers. Rocket Lab Corporation was formerly known as Rocket Lab USA, Inc. and changed its name to Rocket Lab Corporation in August 2021. The company was founded in 2006 and is headquartered in Long Beach, California.
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