In This Article:
We recently published a list of These 10 Stocks Exploded by Double Digits Today. In this article, we are going to take a look at where Rocket Lab USA, Inc. (NASDAQ:RKLB) stands against other best-performing stocks.
Rocket Lab saw its share prices jump by 13.14 percent on Tuesday to close at $28.76 apiece following news that it was entering the payload market business through the acquisition of Geost, LLC’s parent company for $275 million.
In a statement, Rocket Lab USA, Inc. (NASDAQ:RKLB) said it entered into a definitive agreement with Lightridge Solutions, a portfolio company of ATL Partners, for the acquisition of Geost’s parent company for a mix of cash and privately placed shares.
According to Rocket Lab USA, Inc. (NASDAQ:RKLB), it will pay Lightridge Solutions some $125 million in cash and $150 million in RKLB shares, on top of an additional $50 million payout tied to revenue targets.
A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space.
The acquisition marks Rocket Lab’s formal entry into the satellite payload segment, strengthening its position as a provider of end-to-end national security space solutions. The acquisition is expected to close in the second half of 2025.
Overall, RKLB ranks 8th on our list of best-performing stocks. While we acknowledge the potential of RKLB, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RKLB and that has 10,000x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.