Jim Cramer on Rocket Lab: “I Think It is a Good Spec, But It Loses so Much Money”

Rocket Lab Corporation (NASDAQ:RKLB) is one of the stocks Jim Cramer shed light on. Noting that it is the speculative stock in their portfolio, a caller asked about RKLB, and Cramer stated:

“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.”

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

Rocket Lab Corporation (NASDAQ:RKLB) provides launch and space systems solutions, including spacecraft design, manufacturing, and on-orbit management. During the October 7 episode, an investing club member inquired about the stock, and Cramer replied:

“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?”

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