Rocket Lab (RKLB -0.60%) is up 800% in just 12 months, riding a wave of hype, defense contracts, and bold ambitions to challenge SpaceX. But with no profits and an extreme valuation, is it a breakthrough or a bubble? Watch this before you invest.

Stock prices used were the market prices of Aug. 4, 2025. The video was published on Aug. 4, 2025.