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Rocket Lab (RKLB) has emerged as one of the top-performing stocks, rising over 590% in a year. The surge reflects significant structural tailwinds reshaping the space industry. Governments across the world are sharply increasing defense and space budgets in response to geopolitical tensions. In addition, private capital continues to pour into space ventures, and satellite technology is expanding into new commercial domains, from logistics to agriculture, providing additional tailwinds.
At the same time, the cost of launching satellites has steadily declined, and advances in reusable rocket technology have further lowered barriers for both commercial and government customers.