Rocket Lab Corp

RKLB

Market cap $49B

Cantor Fitzgerald doubled down on its bullish stance for Rocket Lab Corp. (NASDAQ: RKLB) as the company heads into a critical 2026.

Rocket Lab (RKLB) has delivered over 550% returns since my November 2024 'Buy' rating initiation. The upcoming Neutron rocket launch in mid-2026 is a major catalyst, targeting the lucrative medium-lift constellation market with a reusable, cost-effective design. I think RKLB is nearing an EBITDA breakeven point as R&D spending on Neutron peaks and gross margins expand toward a non-GAAP target of 44%.

The latest trading day saw Rocket Lab Corporation (RKLB) settling at $86.58, representing a -1.5% change from its previous close.

Last Friday, U.S. Defense Secretary Pete Hegseth visited Rocket Lab Corp. (NASDAQ: RKLB) headquarters as part of his “Arsenal of Freedom” tour, celebrating a major shift in how the Pentagon views the private space sector.

Rocket Lab specializes in launching small satellites and is preparing to launch its first medium-lift rocket, Neutron. AST SpaceMobile develops satellites to deliver global connectivity via partnerships with major telecom operators.

Rocket Lab announced multiple successful missions and new contracts last month. The company announced a major new deal with the U.S. Space Force.

Rocket Lab secured an $816M U.S. Space Development Agency contract, marking its largest and a pivotal defense sector win. RKLB's space systems segment, not launches, is the primary growth driver, with proprietary tech like Phoenix and StarLite gaining government validation. Valuation is stretched at 79x EV/sales, reflecting high-growth expectations but leaving little room for execution missteps.

Rocket Lab provides rockets, satellites, and launch services. The company is playing a key role in a current expedition to Mars.

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Momentum is running hot for Rocket Lab NASDAQ: RKLB, as shares continue to surge to fresh all-time highs. The aerospace and defense company has been a consistent focus of MarketBeat in recent months, with specific attention paid to its expanding contract pipeline, increasingly constructive technical setup, and sector-wide momentum.