12 Best Emerging Technology Stocks to Invest In

3. Rocket Lab Corporation (NASDAQ:RKLB)

Number of Hedge Fund Holders: 34

Rocket Lab Corporation (NASDAQ:RKLB) is one of the best emerging technology stocks to invest in. On December 23, Needham raised the firm’s price target on Rocket Lab to $90 from $63, while maintaining a Buy rating on the shares. Following the Space Development Agency’s announcement of its Tracking Layer Tranche 3 contracts, Rocket Lab secured an $805 million award (the largest in the company’s history) to build 18 satellites. This milestone strongly validates Rocket Lab’s evolution into a major defense prime contractor and highlights the rapid maturation of its Space Systems segment.

Earlier on December 21, Stifel raised the firm’s price target on Rocket Lab to $85 from $75 with a Buy rating on the shares. The firm highlighted a significant milestone for Rocket Lab as the company secured an $805 million contract from the Space Development Agency to construct 18 satellites for the Tranche 3 Tracking Layer/T3TRK. This award is described as a meaningful win that reinforces Rocket Lab’s position as a top-tier defense prime contractor. By capturing this large-scale mission, the company effectively validated its Space Systems segment and expanded its project backlog, marking a clear evolution from its origins as a small-launch provider to a major player in national security space.

On the same day, Rocket Lab completed its final mission of the year, titled “The Wisdom God Guides.” The Electron rocket lifted off from Launch Complex 1 in Mahia, New Zealand, to deploy the QPS-SAR-15 satellite for the Institute for Q-shu Pioneers of Space Inc./iQPS. This mission marked the 79th overall launch for the Electron program and finalized a historic year for the company.

With this successful deployment, Rocket Lab set a new annual record of 21 launches in 2025, maintaining a perfect 100% mission success rate for the year. This achievement solidifies Electron’s position as the world’s most frequently launched small-lift orbital rocket and the leading small launch provider in the US. The 2025 cadence significantly outpaced previous years, showing the company’s ability to scale reliable, high-frequency access to space for commercial and government partners.

Rocket Lab Corporation (NASDAQ:RKLB) is a space company that provides launch services and space systems solutions in the US, Canada, Japan, and internationally.