10 Best Multibagger Stocks to Buy According to Billionaires

8. Rocket Lab USA, Inc. (NASDAQ:RKLB)

Number of Hedge Fund Holders: 37

Number of Billionaire Holders: 8

1-Year Gain as of April 22: 419.50%

Rocket Lab USA, Inc. (NASDAQ:RKLB) is an aerospace and defense company that offers end-to-end space solutions, including launch services, spacecraft design and manufacturing, satellite components, and on-orbit management. The stock has rallied by more than 400% over the past year amid growing demand for its services.

In March, Rocket Lab USA, Inc. (NASDAQ:RKLB) was one of the companies included in Phase 3, Lane 1 of the Nation Security Space Launch program by the US Space Force. The inclusion affirms that the company has the potential and ability to launch the kind of satellites and spacecraft that the government plans to launch over the next five years. Rocket Lab could win $5.6 billion worth of contracts from Space Force following its inclusion.

Early in the year, Kratos selected the company to deliver hypersonic test launches for the Department of Defense. Consequently, it can bid for contracts worth $1.45 billion. The wave of deals is the catalyst behind Wells Fargo reiterating an Equal Weight on the stock with an $18 price target.