Rocket Lab continues to grow in SpaceX's shadow.

As the S&P 500 trades at historically high valuations, it's not the best time to plow your life savings into high-growth stocks. But if you can afford to set aside a modest investment of $1,000 for at least a few years, there are still a few potential multibaggers worth chasing.

One of those stocks is Rocket Lab ( RKLB 1.76% ) , a developer of reusable orbital rockets that went public by merging with a special purpose acquisition company ( SPAC ) four years ago. Its stock started trading at $11.58, sank to an all-time low of $3.79 in June 2022, but now trades near its all-time high at around $57. Let's see why Rocket Lab's stock soared -- and how it could churn $1,000 into tens of thousands of dollars over the next few years.

See Full Page