Bleecker Street starts off its short report by naming the catalyst that's primarily responsible for Rocket Lab's 485% surge in stock market value over the last year. It says, " [I]nvestor and analyst excitement over the upcoming launch of Neutron, a medium-lift rocket that RKLB hopes will compete with SpaceX's Falcon 9."

Subscribe to TheStreet's free daily newsletter 💰💵 Hungry Hippo is also the name of the protective nose cone for Rocket Lab USA's (RKLB) Neutron rocket, the aerospace company's partly reusable medium-lift two-stage launch vehicle.

Rocket Lab generated sales of $436 million, up 78% year over year. It has launched 16 rockets, up from 10 in 2023. Results were broadly in line with expectation