Morgan Stanley sees Rocket Lab stock climbing more than 50% as 'a SpaceX alternative'

A look at the company's production floor shows a series of Electron boosters, with the typical black carbon fiber rockets in the foreground and a metallic-looking reusable booster in the center.
Rocket Lab

Morgan Stanley began coverage of space venture Rocket Lab with an overweight rating on Wednesday, calling it "a SpaceX alternative" since Elon Musk's company is not publicly traded.