Rocket Lab Stock Soars Again - Here’s What’s Fueling the Latest Surge

Another day, another rocket launch for Rocket Lab shares as they blast through the atmosphere.

Launch Sequence Engaged

Traders are scrambling for position as the space stock defies gravity once more. The momentum builds with each passing hour, creating a frenzy on the trading floor.

Orbital Trajectory Confirmed

Market analysts point to multiple catalysts propelling this latest ascent. Institutional interest combines with retail enthusiasm to create the perfect storm for upward movement.

Re-entry Reality Check

Meanwhile, traditional finance veterans clutch their pearls - because nothing says 'stable investment' like a company that literally plays with rockets while Wall Street still can't figure out if Bitcoin is a 'real asset' or not.

Image source: Rocket Lab.

How to buy "an earlier-stage SpaceX "

Rocket Lab is coming off a great week in which it announced five new rocket launches for customers in Japan -- three rockets for Japan's iQPS, and two more rockets for the Japan Aerospace Exploration Agency. As Rocket Lab's customers order more and more launches, Morgan Stanley calls the company "an earlier-stage alternative to SpaceX," as The Fly reports.

Just how early stage is Rocket Lab?

Well, the company's Electron rocket is pretty tiny, a bit smaller than the Falcon 1 rocket that SpaceX first launched in 2008. Granted, Falcon 1 launched only once (successfully), whereas Electron is now Rocket Lab's workhorse, with 70 successful missions under its belt. Rocket Lab has a bigger rocket on tap, the Neutron, expected to launch later this year, and it's reusable like SpaceX's Falcon 9 -- which conducted its first successful landing in 2015.

By my math, that puts Rocket Lab somewhere between where SpaceX was in the 2008-to-2015 period -- 10 to 17 years ago.

Is Rocket Lab stock a buy?

But here's the thing: In 2015, SpaceX was valued at only $10 billion -- largely on the potential of its Starlink satellite internet program. Rocket Lab doesn't have a satellite constellation, however. It also has yet to prove Neutron can fly, and land, and be reused. Yet, Rocket Lab stock already costs north of $30 billion -- 3x what SpaceX cost at this stage of its development.

My conclusion: Rocket Lab is probably 3x overpriced today. I still own the stock, but I won't be buying more.