Stocks in Space: Rocket Lab and Mobix Propel the Future of the Final Frontier

The space industry buzzed with activity on Monday as Rocket Lab (NASDAQ: RKLB) and Mobix Labs (NASDAQ: MOBX) made headlines with launches, government contracts, and acquisition announcements. Here’s a breakdown of the latest developments:

Rocket Lab: Record-Breaking Turnaround and CHIPS Act Award

Rocket Lab achieved a major milestone, completing two successful launches within just 24 hours—a company record. Its Electron rocket deployed five satellites for Kineis, a French Internet of Things operator, from its New Zealand site less than a day after another mission launched in Virginia.

Additionally, Rocket Lab secured a $23.9 million award under the CHIPS and Science Act to enhance its semiconductor manufacturing in New Mexico. These semiconductors play a pivotal role in powering space-grade solar cells used in satellites for national security and commercial applications.

With over 200 successful satellite launches and a year-to-date stock rally of 335%, Rocket Lab continues to solidify its position as a leader in space technology.

Mobix Labs: Strategic Acquisition of Spacecraft Components

Mobix Labs announced plans to acquire Spacecraft Components Corp., a Nevada-based manufacturer of high-precision parts used in aerospace, defense, and transportation. Spacecraft’s components are integral to systems like the Patriot Missile program, naval ships, and urban railcars in cities such as New York and Chicago.

Valued between $18 million and $24 million, the acquisition is expected to close in Q1 2025. Mobix anticipates adding $18.1 million in annual revenue and approximately 150 employees, expanding its footprint in mission-critical industries while diversifying its market reach.

As the global space industry approaches a projected $1 trillion valuation by 2040