Why Rocket Lab Stock Jumped 46% in the First Half of 2026 and Why It Could Rocket Even Higher

Rocket Lab stock surged 46% in the first half of 2026, outperforming the S&P 500's 10% gain. The company delivered record-breaking quarterly results with 36-63% year-over-year revenue growth, a $2.2 billion backlog (up 106% YoY), and 70 contracted missions. The $8 billion Iridium acquisition positions it as an end-to-end space company. Wall Street analysts are bullish with 81% buy/strong buy ratings and an average price target of $117, suggesting 61% upside potential.