I had around $300 in my brokerage from dividends about a year and a half ago and after scrolling reddit for cheap stocks I decided to buy 90 shares of RKLB with it. I’m currently up around 2000%(which I understand isn’t a whole lot $ wise) but I don’t really understand why it’s so popular.
I’ve heard it’s the company “selling shovels for the gold rush” in the space industry, but why are people bullish on space exploration? The only thing I can think of is Elon saying occupy mars, but that’s wildly unrealistic in my opinion.
I’ve been considering buying more, but I haven’t pulled the trigger because I don’t feel comfortable buying more without understanding the actual purpose of what they’re doing. Maybe I should do actual research, but I’ve done well with what I considered was basically a penny stock and now I’m seeing so much hype that I don’t really understand, so I’m between selling and buying more .