Rocket Lab (NASDAQ: RKLB) has been one of the hottest stocks on the market over the past year and for good reason. In this video, Travis Hoium explains why this is still a 10x stock in the booming space market.

Rocket Lab's progress in the aerospace sector, coupled with the increased governmental support, appears to be creating a favorable environment for the company's growth. The revised price target from KeyBanc Capital Markets reflects a confidence in Rocket Lab's ability to capitalize on these opportunities and continue its upward trajectory in the market.

In the latest market close, Rocket Lab USA, Inc. (RKLB) reached $28.98, with a -1.53% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.92%. Elsewhere, the Dow saw an upswing of 0.