Rocket Lab USA stock closed at $86.03 on Tuesday, hitting a new record for the second straight session. The 10.1% jump caps off a month where shares climbed more than 70%.
Rocket Lab USA, Inc., RKLB
The stock has risen 171% over the past year. Trading volume told part of the story, with options activity running more than 3.5 times the 90-day average.
Rocket Lab’s market cap now stands at $42.44 billion. That figure towers over its annual revenue of $554.53 million, suggesting investors are betting on future growth.
The company landed an $816 million deal from the U.S. Space Development Agency. The contract calls for Rocket Lab to design and manufacture 18 satellites for the Tracking Layer Tranche 3 program.
The satellites will carry advanced missile warning and tracking sensors. That includes the company’s Phoenix infrared sensor payload and StarLite space protection sensors.
The deal marks the largest contract in Rocket Lab’s history. Needham raised its price target to $90 from $63, maintaining a Buy rating.
Rocket Lab completed 21 Electron launches in fiscal year 2025, its highest annual total. The tally made it the third-highest launcher globally and the leader among publicly traded space companies.
One recent mission deployed four DiskSat spacecraft for the U.S. Space Force five months ahead of schedule.
Goldman Sachs made Rocket Lab the largest holding in its GS Memes basket. The move places RKLB ahead of other retail favorites and highlights individual investor demand.
The stock remains popular despite posting no annual profit since going public. Over the past two years, shares have climbed nearly 1,500%.
The space sector got a lift from Rocket Lab’s move. AST SpaceMobile and EchoStar both posted gains on Tuesday.
TipRanks data shows eight Buy ratings and four Hold ratings for RKLB. The average analyst price target sits at $69.55, which implies a potential downside of 19% from current levels.
Analyst targets range from $47 to $90 per share. Rocket Lab maintains a balance sheet with more cash than debt, while revenue growth hit 52%.
The company is expanding beyond launches into satellite components, space systems, and defense work. After such a fast climb, future gains will depend on whether Rocket Lab can deliver on its growing contract list.
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