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Up More Than 280%, Who Owns Rocket Lab Stock (RKLB)?
Rocket Lab RKLB +3.33% ▲ stock has rallied more than 280% over the past year, driven by enthusiasm about the aerospace company’s growth prospects, major contract wins, and optimism about the upcoming Neutron launch vehicle. The space launch company is well-known for its Electron launch vehicle. On Wednesday, Rocket Lab announced a $190 million contract from the U.S. Department of War for a series of hypersonic test flights using its HASTE launch vehicle.
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The company highlighted that this deal marks the single largest launch agreement in its history, bringing the total number of launches in its backlog to more than 70 and driving its backlog across launch and space systems to more than $2 billion.
Now, according to TipRanks’ Ownership Tool, public companies and individual investors own 52.72% of Rocket Lab. They are followed by exchange-traded funds (ETFs), mutual funds, other institutional investors, and insiders at 15.41%, 15.37%, 12.68%, and 3.83%, respectively.
Digging Deeper into Rocket Lab’s Ownership Structure
Looking closely at the top shareholders, Vanguard owns the highest stake in Rocket Lab at 7.48%, followed by Vanguard Index Funds with a 7.19% holding.
Among the top ETF holders, the Vanguard Total Stock Market ETF VTI -0.18% ▼ owns a 2.97% stake in RKLB, while the Vanguard Small-Cap ETF VB +0.30% ▲ holds 2.13%.
Moving to mutual funds, Vanguard Index Funds holds about 7.19% of Rocket Lab. Meanwhile, Growth Fund of America owns 1.79% of the company.
Is RKLB a Good Stock to Buy?
Overall, Wall Street has a Moderate Buy consensus rating on Rocket Lab stock based on nine Buys and four Holds. The average RKLB stock price target of $89.36 indicates 24.3% upside potential.
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