Is Rocket Lab Stocked Headed to $100?

Rocket Lab (NASDAQ: RKLB) is one of the best-performing growth stocks over the past year. The stock is up 676% in the past 12 months as of this writing on Aug. 28, which actually bests the performance of Palantir Technologies, another hot stock over that time span. Investors are falling in love with this space economy stock as it aims to become the next SpaceX and a key contractor to the U.S. government.Today, Rocket Lab stock trades at a price of $47. Does it have room to more than double again and hit $100?Like SpaceX, Rocket Lab has a highly ambitious business plan to build a vertically integrated space flight company. It began by launching the small Electron rocket and has now moved downstream to building space systems that will get launched on its rocket missions.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool