Rocket Lab (RKLB +2.54%) may be evolving from a launch company into a broader aerospace and defense platform. Neutron, Space Systems, defense contracts, and a record backlog all support the bull case. But after a massive stock surge, investors now face a harder question: whether the company’s execution can justify the premium already built into the stock.

Stock prices used were the market prices of June 6, 2026. The video was published on June 15, 2026.

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