Jim Cramer on Rocket Lab: "I Think They Have a Real Business Model"

Rocket Lab Corporation (NASDAQ:RKLB) is one of the stocks that Jim Cramer expressed thoughts on. During the lightning round, when an investing club member asked Cramer about the stock, he commented:

“Okay, so Rocket Lab’s very controversial, and I think it’s, this is what comes under that spec category. I don’t know whether, it’s not going to fizzle. I think they have a real business model, but I don’t think, it’s certainly not a blue chip. How about that?”

Rocket Lab Corporation (NASDAQ:RKLB) provides launch and space systems solutions, including spacecraft design, manufacturing, and on-orbit services. The company develops and operates the Electron and Neutron rockets for satellite launches, constellation deployments, and future space missions. While explaining speculation, Cramer mentioned the company during the September 18 episode and said:

“What [are] examples of what speculation means?… There are many others that fit the pattern, and they’re all rocket ships. Oh, then there are the literal rocket ship companies. Rocket Lab, RKLB, is the most visible.”

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Disclosure: None. This article is originally published at Insider Monkey.