Prediction: Rocket Lab Stock Trades Above $100 Again Before 2029

Key Points Rocket Lab's backlog hit a record $2.36 billion at midyear, up 137% year over year. Neutron, the company's bigger reusable rocket, is targeted to reach its launch pad in the fourth quarter of 2026. A $100 share price would value the company around $70 billion on its post-deal share count. These 10 stocks could mint the next wave of millionaires › Rocket Lab (NASDAQ:RKLB) touched a 52-week high of $151 in late May. The stock trades around $74 as of this writing, about 51% off the peak. Along the way, the company sold $1.94 billion in stock to help pay for its pending purchase of Iridium Communications (NASDAQ:IRDM) .