Rocket Lab’s Space Ascent Mirrors Crypto’s High-Stakes Growth Plays
Morgan Stanley's bullish upgrade of Rocket Lab (RKLB) to Overweight with a $105 target mirrors the risk-on appetite seen in crypto's altcoin rallies. The 291% YTD surge and 85x sales multiple recall speculative crypto valuations, where projects like SOL and DOT trade at premium multiples for future network potential.
Rocket Lab's $816M defense contract win parallels crypto's institutional adoption milestones - think BlackRock's bitcoin ETF or PayPal's stablecoin. The Neutron rocket's 2026 debut evokes crypto's product roadmap hype cycles, where Layer 2 solutions like ARB and METIS command valuations ahead of full deployment.
Just as crypto traders rotate from blue chips (BTC, ETH) to high-beta plays (WIF, PEPE), public markets are rewarding Rocket Lab's execution despite $59M quarterly losses - reminiscent of crypto projects burning cash for user acquisition.