Rocket Lab USA A Aktie News

In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down what has made Rocket Lab (RKLB 1.76%) such a great stock, and what looks like a wonderful business, but also some reasons investors should be cautious while still seeing huge potential for investors.

Shares of launch services and space systems innovator Rocket Lab (RKLB 1.76%) rose 19% this week as of noon ET on Thursday, according to data provided by S&P Global Market Intelligence.

Rocket Lab USA NASDAQ: RKLB has gone from strength to strength over the past year, cementing its position as one of the most dominant players in the space launch and infrastructure industry, second only to SpaceX. The company's stock has been on an absolute tear, surging 141% year-to-date and nearly 560% over the past 12 months, a staggering return that has turned early believers into big winners.

Rocket Lab (RKLB 6.19%) has soared over 500% this year, and its upcoming Neutron rocket could send the stock even higher. With new defense contracts, government backing, and strong execution, Rocket Lab may be on the verge of joining SpaceX in the commercial launch elite.

As the S&P 500 trades at historically high valuations, it's not the best time to plow your life savings into high-growth stocks. But if you can afford to set aside a modest investment of $1,000 for at least a few years, there are still a few potential multibaggers worth chasing.

Shares of Rocket Lab (RKLB) traded at a record high when the satellite launch provider announced details about several planned missions.

Rocket Lab (RKLB 6.89%) stock surged 6.2% through 10:15 a.m. ET Thursday after announcing (yet another) big contract win last night.

Rocket Lab secured a multi-launch satellite contract. AST SpaceMobile signs a partnership with Verizon.