Rocket Lab’s Meteoric Rise Draws Comparisons to SpaceX Amid Valuation Concerns
Rocket Lab (RKLB) has surged 800% over the past year, fueled by defense contracts and speculative enthusiasm positioning it as a potential rival to SpaceX. The stock's vertiginous climb reflects both the booming interest in private space ventures and the froth surrounding unprofitable high-growth companies.
Investors face a stark dichotomy: either Rocket Lab represents the next frontier in aerospace disruption or a cautionary tale of overvaluation. The company's lack of profitability and extreme multiples echo the dot-com era's irrational exuberance, yet its technological capabilities keep the bullish thesis alive.