Rocket Lab $RKLB ( ▼ 1.19% ) closed at a fresh all-time high on Tuesday, marking its second straight record close and extending a blistering rally that has defined the past month. The launch services company is now up more than 70% since early December, when the stock closed at $49.06, cementing its status as one of the market’s hottest retail favorites.
The move came alongside a surge in options activity, with more than 3.5 times the 90-day average volume trading during the session, a sign that speculative interest remains elevated.
Space stocks stay in focus
Rocket Lab was not alone in the rally. Other space-related names climbed as well, including AST SpaceMobile $ASTS ( ▲ 5.63% ) and EchoStar $SATS ( ▲ 4.27% ) , as investors continued to crowd into the theme.
Despite never having posted an annual profit as a public company, Rocket Lab’s stock is now up nearly 1,500% over the past two years, a run that has generated intense loyalty among retail traders and kept momentum firmly on its side.
Wall Street takes notice of the meme trade
That enthusiasm is now showing up in institutional tracking as well. Goldman Sachs recently made Rocket Lab the largest holding in its latest GS Memes basket, narrowly ahead of AST SpaceMobile.
The positioning highlights just how central Rocket Lab has become to the current wave of retail-driven space investing, even as fundamentals remain secondary to sentiment and momentum for many traders.