Seeking financial equilibrium, Rocket Lab has doubled its prices since 2016. How much pricing power does it have left?

by Peter B. de Selding

PARIS — Small-satellite launch service operator Rocket Lab’s upcoming stock-market introduction shows both how enthusiastic the market is for small rockets and how difficult the business actually is.

Enthusiasm is the $4.1-billion enterprise value that the Rocket Lab transaction with Vector Acquisition Corp. is asking. Vector shareholders are scheduled to vote Aug. 20 on the transaction, which, if approved will recapitalize Rocket Lab and result in its trading on the U.S. Nasdaq exchange.

The difficulty of operating a . . .

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