Up 500% in the Past Year: Why Investors Are Falling in Love With This Hypergrowth SpaceX Competitor

Rocket Lab (NASDAQ: RKLB) investors just keep on winning. The space flight company is up around 500% in the last 12 months, which is more than double the returns of Nvidia in that same time frame. It has been an incredible run for the stock, led by its increasing performance in space launches and satellite manufacturing, helping it compete with the dominant player in the sector: SpaceX.Here's why investors are uber-optimistic about SpaceX competitor Rocket Lab, and why the stock is up around 500% in the last year.SpaceX has a dominant position in private commercial rocket launches. In fact, just a few years ago, the Elon Musk-led company was virtually the only Western company able to reliably launch rockets into orbit. What happened a few years ago? Rocket Lab began competing for contracts.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool