How to Buy Rocket Lab Shares (RKLB)
It's official. Rocket Lab is available on the Nasdaq. The Kiwi satellite company merged with Vector Acquisition Corporation in August 2021.
How to buy Rocket Lab shares (RKLB)
Want to start buying RKLB shares but not sure how? Learn how to buy Rocket Lab stock on the Stake stock trading platform below.
1. Find a stock trading platform
To buy shares listed on the U.S. stock market, you'll need to sign up to a broker with access to Wall St. There are a number of share trading platforms in Australia, of which Stake is one.
2. Fund your account
Complete an application with your personal and financial details. Fund your brokerage account with a bank transfer, debit card or even Apple/Google pay.
3. Search for Rocket Lab
Find the share by name or ticker symbol: RKLB. Do your own research to ensure it is the right investment product for your own circumstances.
4. Choose an order type and buy RKLB stock
Buy on any trading day with a market order or use a limit order to delay your purchase of RKLB shares until it reaches your desired stock price. Look into dollar cost averaging to spread out your risk, which smooths out buying at consistent intervals.
5. Monitor your investment
Optimise your portfolio by tracking how your stock and the business perform with an eye on the long term. You may be eligible for dividends and shareholder voting rights that affect your stock.
What is Rocket Lab (RKLB)?
Founded in New Zealand in 2016, Rocket Lab is a Kiwi success story. The company manufactures and launches commercial rockets and satellites into space. So far, the company has launched over 100 rockets, a number which will grow as the sector sees more demand. In 2020, a record 1,283 satellites were launched. Over halfway into 2021, that number has already been matched. It’s estimated that the global satellite industry generated US$271b in revenue in 2020.