12 Best Multibagger Stocks to Buy in 2025

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

Number of Hedge Fund Holders: 37

Stock Price Return in the last twelve months: 298%

Rocket Lab USA, Inc. (NASDAQ:RKLB) is an aerospace company that designs, manufactures, and launches small satellites into space. Its primary offerings include the Electron rocket, which is designed for small satellite launches, and the Photon satellite platform, which provides end-to-end satellite solutions. RKLB serves commercial, government, and defense customers by providing cost-effective, reliable, and flexible space launch services. The company operates globally, focusing on expanding its launch capabilities and advancing space technologies for various applications, including communication, Earth observation, and scientific research.

Rocket Lab USA, Inc. (NASDAQ:RKLB) achieved its highest annual revenue to date of $436 million in 2024, representing a 78% increase from the previous year. The company demonstrated strong performance with Q4 2024 revenue of $132 million, showing significant YoY growth of 121%. The Launch Services segment delivered $125.4 million in revenue for the full year, increasing 74% YoY, while Space Systems generated $310.8 million, growing 80% YoY. The company maintained its position as the leading small launch provider globally and the second most frequently launched US rocket annually, with 16 successful launches across Electron and HASTE platforms in 2024.

Rocket Lab USA, Inc. (NASDAQ:RKLB) strengthened its backlog to over $1 billion after signing more than $450 million in new contracts across launch and space systems in 2024. The company made significant progress on Neutron development, with launch planned for the second half of 2025, and introduced Flatellite, a new low-cost, mass-producible satellite tailored for large constellations. The company’s backlog shows a roughly 50-50 split between government and commercial customers, though many commercial customers ultimately cater to US government needs, making the effective government exposure closer to 80%. Looking ahead, management expects to execute more than 20 missions in 2025 across Electron and HASTE platforms, while continuing to scale its Space Systems business and advance toward completing its vision of becoming an end-to-end space company. With a 298% stock price return in the last year, RKLB is one of the best multibagger stocks to buy in 2025.