JavaScript Required

Jumpseat Aerospace News requires JavaScript to function. Please enable JavaScript in your browser settings to continue.

Morgan Stanley Sees Rocket Lab as Undervalued Launch Play

October 9, 2026

2 min read

Key Takeaways

Rocket Lab wins launch contracts and is called underrated by Morgan Stanley.
The company has a new acquisition to compete with SpaceX.
Rocket Lab has a $2.36 billion order backlog.
Its stock has a premium valuation.

Silver membership required Upgrade to Silver to access Key Takeaways.

Upgrade

Strategic Implications

Rocket Lab's growth potential may indicate a shift in the commercial launch market, suggesting that smaller players could compete effectively with industry giants like SpaceX. The company's expansion into satellite internet services could further enhance its competitive position, which may lead to increased market share and revenue growth.

Silver membership required Upgrade to Silver to access Strategic Implications.

Upgrade

What Happened

Rocket Lab Expands Launch Capabilities and Enters Satellite Internet Market

Rocket Lab, a commercial launch player, is making significant progress in the space industry, with a recent 20-mission contract with Synspective and a growing order backlog of $2.36 billion. The company’s acquisition of Iridium Communications is poised to close soon, enabling it to compete with SpaceX in the satellite internet market. With a market cap of $43.5 billion, Rocket Lab’s stock has a premium valuation, but Morgan Stanley believes it is undervalued, with a price target of $105. This development was first reported by The Globe and Mail.

Source | Originally Published: October 8, 2026

Companies Mentioned