Surely, you’ve heard about the CHIPS and Science Act in which the U.S. government is funding domestic semiconductor manufacturers. Maybe you’ve already decided to capitalize on this by investing in Intel (NASDAQ:INTC) or Advanced Micro Devices (NASDAQ:AMD). What about Rocket Lab USA (NASDAQ:RKLB), though? I am bullish on RKLB stock, as it is a rarely discussed CHIPS Act play for 2024.
Rocket Lab USA might sound like a space tourism start-up, but it’s not. Rather, Rocket Lab designs and manufactures satellites to be sent out into space, along with components and related technology for satellites.
Frankly, I’m amazed that there aren’t more publicly listed satellite stocks. Rocket Lab is a true pioneer, and our modern way of life wouldn’t exist without satellites. So, let’s get our telescopes out and take a closer look at the fascinating satellite start-up Rocket Lab.
