Rocket Lab's Favorite Business May Be Ready to Turn a Profit

Thing 1: I've not been watching Rocket Lab (NASDAQ: RKLB) stock for a very long time. Thing 2: I've watched Rocket Lab stock closely for as long as it's been a publicly traded stock, and even before its initial public offering (IPO). Despite growing its launch cadence and its annual sales rapidly these past few years, as recently as 2022, Rocket Lab's launch services division was still producing a negative gross profit margin.