Jim Cramer on Rocket Lab: “As Specs Go, I Like it at These Prices”

RKLB +0.50%

Rocket Lab Corporation (NASDAQ:RKLB) is one of the stocks Jim Cramer recently answered questions about. A caller referred to Cramer’s teaching of speculating wisely and mentioned their belief that RKLB stock has a lot of potential. Cramer replied:

“Okay, look, I have to tell you, I think this stock is very, you know, look, as these stocks go, I’m not going to call it inexpensive because this is a spec. But as specs go, I like it at these prices. How about that? I think that’s a fair way to put it.”

Rocket Lab Corporation (NASDAQ:RKLB) provides launch services, spacecraft design, manufacturing, and on-orbit management solutions. It develops small and medium-class rockets, including the Electron and Neutron launch vehicles. During the October 31 episode, a caller highlighted the stock as a speculative pick in their portfolio, and Cramer responded:

“Alright, I’m glad you said it’s a spec stock because otherwise I would not endorse it. I think it is a good spec, but it loses so much money. You gotta be aware that who knows where it can ultimately end up.”

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