Alright everyone, buckle up for my thirst-quenching due diligence report on my second favorite 'meme stock' after $GME...

...but let's be clear, this isn't just any old YOLO play.

Rocket Lab USA, Inc. ($RKLB) is an American aerospace manufacturing company founded by Peter Beck in 2006. They specialize in providing small satellite launch services and space system solutions.

While Rocket Lab has been around for a while, it's only recently that they've seen a massive surge in revenue.

From $62 million in 2021, they jumped to $245 million in 2023.

That's a hefty 295% increase in just two years!

And yet, their stock is trading at an all-time low...

What's even more intriguing - analysts are predicting another 79% revenue growth in 2024.

With the aerospace industry gaining momentum, Rocket Lab seems poised for growth in the coming years.

However, not everyone is as convinced as myself...

Short sellers currently hold 16% of $RKLB.

I'm no gambler, but this is a risky bet - especially considering the revenue growth and projections for profitability by 2026.

Rocket Lab boasts a strong balance sheet with $492 million in cash and short-term investments.

Their recent revenue figure of $92.8 million (a 69% increase year over year) and GAAP EPS of -$0.06 are respectable, beating analysts' projections by $0.02.

But the real risk lies in Rocket Lab's current project, the Neutron Rocket.

Designed for payloads of up to 13,000 kg, Neutron is aimed at commercial and government constellation launches, with potential for human spaceflight.

There's some skepticism about meeting their 2025 launch deadline, but the company reported a 31.7% non-GAAP gross margin for the same period - a great indication of improved operational efficiencies.

I've been holding onto $RKLB since May, and I'm more than excited about their fundamentals.

Now, I'm just waiting for it to start gaining some momentum.