Why Rocket Lab Stock Jumped 50%?

Core Insights - Rocket Lab's stock surged 45% over the past three months, driven by a 10% increase in revenue and a 36% uplift in valuation [2][4]. Financial Performance - Q3 2025 earnings report showed an EPS of -$0.03, exceeding the estimated -$0.05, with revenue of $155 million, surpassing the expected $152.45 million [9]. - The company secured a major $816 million contract from the Space Development Agency, nearly doubling its backlog [9]. Key Developments - Progress on the Neutron Rocket is notable, with the first launch anticipated in Q1 2026 and R&D expenses nearing peak levels [9]. - Analyst ratings have seen changes, with Morgan Stanley upgrading to 'Overweight' while KeyBanc downgraded due to valuation concerns [9]. Market Sentiment - Speculation regarding a potential SpaceX IPO has led to a sector-wide re-evaluation, positively impacting Rocket Lab's stock performance [9].