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Rocket Lab (RKLB) Takes Off 25.3% on Rocket Developments

We recently published 10 Stocks Delivering Explosive 18-190% Gains. Rocket Lab Corp. (NASDAQ:RKLB) is one of the last week’s heavy gainers.

Rocket Lab jumped by 25.3 percent week-on-week, as investors loaded portfolios amid a series of rocket launches for the week, as well as the unveiling of its Neutron rocket called “Hungry Hippo.”

According to the company, it is scheduled to launch the “RAISE and Shine” Electron rocket at 4PM on Sunday, December 14 (NZDT) in support of its customer, Japan Aerospace Exploration Agency (JAXA).

The RAISE and Shine mission is the first of two launches for JAXA, which is intended to deploy the latter’s rapid innovative payload demonstration satellite-4 (RAISE-4) spacecraft, a single satellite that will demonstrate eight technologies developed by private companies, universities, and research institutions throughout Japan. The second launch for JAXA is scheduled to take place in the first quarter of 2026.

RAISE and Shine was originally slated to take off late in the week, but was rescheduled following strong ground winds at Rocket Lab Corp.’s (NASDAQ:RKLB) Launch Complex 1 in New Zealand.

Pixabay/Public Domain

Meanwhile, Rocket Lab Corp. (NASDAQ:RKLB) announced on Monday that it has completed the testing of its first Neutron rocket, Hungry Hippo, and has already sent it to its Launch Complex 3 at the Mid-Atlantic Regional Spaceport in Virginia.

Rocket Lab Corp. (NASDAQ:RKLB) began the development of Neutron in late 2021, with its first launch scheduled in 2026.

While we acknowledge the risk and potential of RKLB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RKLB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

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  • 175 Teslas
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  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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