RKLB
Rocket Lab USA, Inc.
RKLB has the edge over SPCE overall, supported by stronger fundamentals and lower modeled downside.
SPCE
Virgin Galactic Holdings, Inc.
SPCE offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
RKLB Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
RKLB's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
SPCE Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Under pressure | |
| Unavailable |
SPCE's revenue, profitability and cash flow are currently under pressure. There isn't enough data to rate its balance sheet.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
SPCE PE Valuation
SPCE has no meaningful PE right now: it lost money over the past year.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect RKLB's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
SPCE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SPCE's losses to shrink, with revenue growing.
RKLB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.36 | +$0.03 |
| Q2 2026 | -$0.27 | +$0.19 |
| Q1 2026 | -$0.32 | +$0.09 |
| Q4 2025 | -$0.37 | +$0.01 |
| Q3 2025 | -$0.39 | -$0.02 |
| Q2 2025 | -$0.46 | -$0.11 |
| Q1 2025 | -$0.41 | -$0.04 |
| Q4 2024 | -$0.38 | $0.00 |
RKLB is still losing money, but less than at its worst: $0.36 per share over the past year, against $0.46 at its worst in mid-2025.
SPCE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.20 | +$9.36 |
| Q2 2026 | -$2.90 | +$10.23 |
| Q1 2026 | -$3.87 | +$12.15 |
| Q4 2025 | -$5.44 | +$13.20 |
| Q3 2025 | -$11.56 | +$4.06 |
| Q2 2025 | -$13.13 | +$5.43 |
| Q1 2025 | -$16.02 | +$7.38 |
| Q4 2024 | -$18.64 | +$11.16 |
SPCE has the edge over RKLB on earnings, with more consistent year-over-year improvement.
RKLB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $267.8M | +73% |
| Q2 2026 | $234.1M | +62% |
| Q1 2026 | $200.3M | +63% |
| Q4 2025 | $179.7M | +36% |
| Q3 2025 | $155.1M | +48% |
| Q2 2025 | $144.5M | +36% |
| Q1 2025 | $122.6M | +32% |
| Q4 2024 | $132.4M | +121% |
RKLB has the edge over SPCE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -30% | +8.5 points |
| Q2 2026 | -25% | +17 points |
| Q1 2026 | -28% | +20 points |
| Q4 2025 | -28% | +11 points |
| Q3 2025 | -38% | +12 points |
| Q2 2025 | -41% | -0.5 points |
| Q1 2025 | -48% | -1.9 points |
| Q4 2024 | -39% | +41 points |
RKLB has the edge over SPCE on profitability, with a higher operating margin.
SPCE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $427K | +17% |
| Q2 2026 | $134K | -67% |
| Q1 2026 | $227K | -51% |
| Q4 2025 | $312K | -27% |
| Q3 2025 | $365K | -9.2% |
| Q2 2025 | $406K | -90% |
| Q1 2025 | $461K | -77% |
| Q4 2024 | $429K | -85% |
SPCE's revenue is recovering but still below its 2024 peak: $427,000 last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -13816% | +4312 points |
| Q2 2026 | -48452% | -31225 points |
| Q1 2026 | -28895% | -9709 points |
| Q4 2025 | -19483% | -380 points |
| Q3 2025 | -18128% | +2203 points |
| Q2 2025 | -17227% | -14815 points |
| Q1 2025 | -19186% | -13586 points |
| Q4 2024 | -19103% | -15035 points |
SPCE's operating margin was −13816% last quarter, up 4312 points from the same quarter a year ago.
RKLB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$23.9M | +$45.5M |
| Q2 2026 | -$110.1M | -$54.8M |
| Q1 2026 | -$77.4M | +$5.5M |
| Q4 2025 | -$114.2M | -$90.2M |
| Q3 2025 | -$69.4M | -$27.5M |
| Q2 2025 | -$55.3M | -$26.9M |
| Q1 2025 | -$82.9M | -$61.1M |
| Q4 2024 | -$23.9M | +$28.7M |
RKLB has burned cash in almost every quarter: −$326M over the past year, against −$232M the year before.
SPCE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$99.1M | +$8.6M |
| Q2 2026 | -$90.7M | +$23.1M |
| Q1 2026 | -$93.3M | +$28.7M |
| Q4 2025 | -$94.6M | +$22.1M |
| Q3 2025 | -$107.8M | +$10.2M |
| Q2 2025 | -$113.8M | -$260K |
| Q1 2025 | -$122M | +$4.3M |
| Q4 2024 | -$116.7M | -$3.1M |
SPCE has the edge over RKLB on cash flow, with more consistent year-over-year improvement.
RKLB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.6% | +22.6M shares |
| 1 year | +23% | +124M shares |
| 3 years | +35% | +168M shares |
| 5 years | +46% | +204M shares |
RKLB has the edge over SPCE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
SPCE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +37% | +40.8M shares |
| 1 year | +232% | +106M shares |
| 3 years | +989% | +138M shares |
| 5 years | +1195% | +140M shares |
| Available history | +1460% | +142M shares |
SPCE has 152M diluted shares, up 232% from a year ago.
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SPCE Net Leverage
SPCE's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
RKLB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.8 | Neutral |
| Stochastic | 27.6 | Neutral |
RKLB's weekly RSI is 47 (neutral) and its Stochastic is 28 (neutral).
SPCE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.1 | Neutral |
| Stochastic | 33.7 | Neutral |
SPCE's weekly RSI is 46 (neutral) and its Stochastic is 34 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
SPCE PE vs Industrials Sector
SPCE has no meaningful PE right now: it lost money over the past year.
RKLB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $61.4 | 4.3% above |
| 20 week MA | $68.1 | 5.9% below |
| 50 week MA | $77.6 | 17% below |
| 100 week MA | $56.5 | 13% above |
| 200 week MA | $31.4 | 104% above |
RKLB has the edge over SPCE on trend strength, trading above more of its moving averages.
SPCE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.75 | 2.9% below |
| 20 week MA | $2.82 | 5.3% below |
| 50 week MA | $2.99 | 11% below |
| 100 week MA | $3.38 | 21% below |
| 200 week MA | $23.0 | 88% below |
SPCE is in a downtrend: it's below all five of its weekly moving averages, and 88% below its 200-week average.
RKLB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.82 | $10.3 | +4.9% |
| 2021 | $10.3 | $12.0 | +17% |
| 2022 | $12.0 | $3.77 | -69% |
| 2023 | $3.77 | $5.53 | +47% |
| 2024 | $5.53 | $27.2 | +392% |
| 2025 | $27.2 | $70.7 | +160% |
| 2026 YTD | $70.7 | $64.1 | -9.3% |
RKLB has the edge over SPCE on returns for 2026, with the stronger performance.
SPCE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $231.2 | $517.0 | +124% |
| 2021 | $517.0 | $290.6 | -44% |
| 2022 | $290.6 | $73.0 | -75% |
| 2023 | $73.0 | $49.0 | -33% |
| 2024 | $49.0 | $6.38 | -87% |
| 2025 | $6.38 | $3.16 | -50% |
| 2026 YTD | $3.16 | $2.67 | -16% |
SPCE has finished five years in a row lower, and it's down 16% so far in 2026.