Rocket Lab benefits from ETF inflows and sector momentum, with its leading position in small-lift launches and upcoming Neutron medium-lift vehicle. Current valuation is demanding—EV/Sales at 124x TTM, compressing to 37x by 2028 if execution is flawless and Neutron ramps as projected. RKLB's $2.2B backlog, 46% YoY revenue growth, and 38.2% gross margin underpin a buy rating, with catalysts including Neutron's Q4 launch and SpaceX's IPO.