Why Rocket Lab Stock Is Rising Again as Analysts Lift Targets and Golden Dome Spending Comes Into Focus
Rocket Lab shares added nearly 2% in early Tuesday action, hitting $91.12 after wrapping up Monday at $89.46—well above Friday’s $84.80 finish. The stock has drawn attention as new Wall Street price targets and updated Pentagon budget numbers put the company’s defense-focused space segment in the spotlight. Rocket Lab’s role here is significant: it stands out as one of the scant publicly traded options for investors looking to ride the wave of increased U.S. military spending in orbit. On Tuesday, the Pentagon flagged “presidential priorities” in President Donald Trump’s $1.5 trillion fiscal 2027 defense proposal. Among them: Golden Dome, a missile-defense system that would integrate sensors, command infrastructure, and data networks across space and terrestrial platforms.