Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Rocket Lab Corporation's recent quarterly financial disclosures portray a period of positive revenue growth, coming in at $144.5 million, a 36% increase compared to the same period last year.</li><li>This figure is notably above the high end of Rocket Lab's prior guidance, signifying robust demand and operational execution, with growth driven by both the Space Systems and Launch Services segments.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Rocket Lab Corporation's recent quarterly financial disclosures portray a period of positive revenue growth, coming in at $144.5 million, a 36% increase compared to the same period last year.This figure is notably above the high end of Rocket Lab's prior guidance, signifying robust demand and operational execution, with growth driven by both the Space Systems and Launch Services segments.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Rocket Lab USA: Neutron Rocket Development to Amplify Revenue Opportunities & Market Competitiveness!

Investigative Investment Research, Bleecker Street Capital

Bleecker Street Research

Investigative Investment Research

Bleecker Street Capital

Bleecker Street Capital is a short-biased investment firm.

<ul><li>Rocket Lab (RKLB) is a rocket development and space systems company that has seen shares rise 485% over the last year to a $11.2 billion valuation, propelled by investor and analyst excitement over the upcoming launch of Neutron, a medium-lift rocket that RKLB hopes will compete with SpaceX’s Falcon 9. </li><li>We believe that RKLB has materially misled investors about the likelihood that its Neutron rocket will launch in mid-2025, a timeline the company has repeatedly claimed in media interviews and on earnings calls. In fact, rocket experts we spoke to put the timeline of a rocket launch from mid-2026 to mid-2027, a one to two year delay.</li><li>Many aspects of RKLB’s Neutron program remain far behind where they need to be: from engine development, to engine and structure production, to launch pad construction, to rocket transport to the launch site, per documents we reviewed and 23 interviews with industry experts, including former Rocket Lab engineers and executives. </li></ul>

Rocket Lab (RKLB) is a rocket development and space systems company that has seen shares rise 485% over the last year to a $11.2 billion valuation, propelled by investor and analyst excitement over the upcoming launch of Neutron, a medium-lift rocket that RKLB hopes will compete with SpaceX’s Falcon 9. We believe that RKLB has materially misled investors about the likelihood that its Neutron rocket will launch in mid-2025, a timeline the company has repeatedly claimed in media interviews and on earnings calls. In fact, rocket experts we spoke to put the timeline of a rocket launch from mid-2026 to mid-2027, a one to two year delay.Many aspects of RKLB’s Neutron program remain far behind where they need to be: from engine development, to engine and structure production, to launch pad construction, to rocket transport to the launch site, per documents we reviewed and 23 interviews with industry experts, including former Rocket Lab engineers and executives. 

Rocket Lab (RKLB):We Think It’s Going To Be A Long, Long Tim

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Equity Capital Markets

<ul>
<li>Innospace is getting ready to complete its IPO in June 2024. According to bankers' valuation, the implied market cap of Innospace is from 347 billion won to 434 billion won.</li>
<li>Innospace engages in the satellite launch vehicle production and launch service business.</li>
<li>The company estimates its sales to increase from 0.2 billion won in 2023 to 2.0 billion won in 2024, 47.8 billion won in 2025, and 97.2 billion won in 2026.</li>
</ul>


Innospace is getting ready to complete its IPO in June 2024. According to bankers' valuation, the implied market cap of Innospace is from 347 billion won to 434 billion won.
Innospace engages in the satellite launch vehicle production and launch service business.
The company estimates its sales to increase from 0.2 billion won in 2023 to 2.0 billion won in 2024, 47.8 billion won in 2025, and 97.2 billion won in 2026.


United States

Rocket Lab USA, Inc. operates as a space systems company. The Company manufactures spacecraft and satellite components, as well as satellite launch and on-orbit management services. Rocket Lab USA serves customers in the United States.

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Rocket Lab USA (RKLB US)

Rocket Lab USA: Neutron Rocket Development to Amplify Revenue Opportunities & Market Competitiveness!

Rocket Lab Corporation's recent quarterly financial disclosures portray a period of positive revenue growth, coming in at $144.5 million, a 36%...

Baptista Research

Rocket Lab (RKLB):We Think It’s Going To Be A Long, Long Tim

Rocket Lab (RKLB) is a rocket development and space systems company that has seen shares rise 485% over the last year to a $11.2 billion...

Bleecker Street Research

Innospace IPO Preview

Innospace is getting ready to complete its IPO in June 2024. According to bankers' valuation, the implied market cap of Innospace is from 347...

Douglas Kim

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