Is Rocket Lab Stock the Next Nvidia?

Core Insights - The space economy is projected to become a $1 trillion industry, presenting significant long-term growth potential for Rocket Lab investors [1][11] - Rocket Lab is beginning to see returns from two decades of investment in space technology, similar to Nvidia's trajectory in the GPU market [2][8] - The company's stock price has more than doubled this year, indicating strong market interest and potential for future growth [3] Company Overview - Rocket Lab is developing a full-stack solution for space, including manufacturing capabilities and operating its own launch sites [5] - The recent acquisition of Geost enhances Rocket Lab's satellite technology, expanding its growth opportunities in national defense services [7] - The Neutron rocket, designed for deep space missions, has been validated by the U.S. Air Force Research Laboratory for a cargo mission, positioning Rocket Lab as a key partner for the government [8] Financial Performance - Rocket Lab's market cap is currently $29 billion, with trailing-12-month revenue of $504 million [10][11] - The company reported a 36% year-over-year revenue growth in the second quarter, indicating strong operational performance [12] - Analysts project Rocket Lab to grow free cash flow to $1.1 billion by 2029, despite currently not being profitable due to heavy investments in new rocket manufacturing [11]