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# Rocket Lab: Do You Like To Buy Expensive, Overvalued Things? (Archive)
- URL: https://www.huntingalphas.com/rocket-lab-do-you-like-to-buy-expensive-overvalued-things-archive/
- Published: 2025-04-02T15:16:00.000Z
- Updated: 2026-02-28T16:08:35.000Z
- Description: Rocket Lab’s rich valuation masks near-term growth hiccups and only modest upside catalysts.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, RKLB, Industrial

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Rocket Lab's backlog has been flat for 5 quarters and Q1 FY25 missed revenue guidance. But there are positive catalysts ahead due to recent deal wins and satellite launches.
- The acquisition of laser optics communications company Mynaric AG is a smart move for vertical integration, bought at a rather reasonable price.
- RKLB is trading at a significant premium compared to peers, making it expensive even when comparing its EV/Backlog multiples with comps' 1-yr fwd EV/Revenue multiples.
- My RKLB vs SPX500 chart outlook suggests sideways price action ahead.
- The Neutron rocket launch in H2 FY25 is a key upside risk to monitor that can lead to a step jump in many financial metrics.

Read the full article [here](https://seekingalpha.com/article/4772528-rocket-lab-do-you-like-expensive-overvalued-things?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*