Space and defense stocks have surged, with Rocket Lab (NASDAQ: RKLB) seeing a remarkable 600% increase in the past year, recently reaching an all-time high of over $33. As a key player competing with SpaceX, Rocket Lab continues to launch its Electron rocket, with a strong backlog of missions, raising questions for investors about the potential for further growth before it hits $40.
Explain It To Me Like I’m 5: Rocket Lab is a company that builds rockets to send things into space, and its stock price has gone up a lot recently, making many people excited about its future!
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