Jon “Dr. J.” Najarian’s The Market Rebel Report pitches “Beyond SpaceX: Elon’s Next Millionaire Maker.” We identify the company and test its orbital-AI claims against the filings.
One promotion, several names — all of them point to the same pitch, and the same stock.
Jon “Dr. J.” Najarian’s The Market Rebel Report arrives under the headline “Market Rebel Report — Beyond SpaceX: Elon’s Next Millionaire Maker.” The pitch borrows Elon Musk’s proposed orbital AI data centers and asks readers to imagine the supplier that could ride the next SpaceX-sized wealth wave.
The promotion says Musk is planning up to one million satellites carrying AI computing hardware, while Rocket Lab sits at the intersection of rockets, spacecraft and solar arrays. It also points to supposed institutional buying, a large options trade and a roughly $40 billion valuation. No deadline is attached to the claims reviewed here.
The stock is identified below as Rocket Lab USA, Inc. (NASDAQ: RKLB). Our confidence is high at 92 out of 100.
The giveaway is the combination of space hardware and a very specific trail of company milestones: Electron’s rise from its first orbital launch in 2018 to 21 launches with 100% mission success in 2025, an $816 million Space Development Agency contract, selection for the SHIELD program, NASA’s ESCAPADE spacecraft and a February 26 announcement about solar arrays for space-based data centers.
The same pitch is also branded as “Elon’s Next Millionaire Maker,” “Beyond SpaceX: Elon’s Next Millionaire Maker,” “The Next SpaceX,” “Elon’s Next Wealth Wave” and “The Next SpaceX: The #1 Stock To Ride Elon’s Next Wealth Wave.” Those are different labels for the same recommendation, not separate ideas.
The answer is Rocket Lab USA, Inc. (NASDAQ: RKLB). The strongest clue is the February 26, 2026 solar-array announcement: Rocket Lab said its advanced silicon arrays were designed for gigawatt-scale space-based data centers, and CEO Peter Beck called those facilities “the next frontier in computing infrastructure.” That is a remarkably specific match for the promotion’s orbital-AI theme.
The rest of the trail lines up too. Rocket Lab’s 2025 Form 10-K describes Electron as the second most frequently launched orbital rocket in 2025 and lays out its spacecraft, satellite-component and on-orbit services. Company releases document 10 launches in 2023, 16 in 2024 and 21 in 2025, with a perfect 2025 mission-success rate. The $816 million SDA award, SHIELD selection and ESCAPADE commissioning add three more fingerprints.
The mismatches affect the claims, not the identification. The FCC filing was made by Space Exploration Holdings, LLC, or SpaceX, rather than Musk personally; the notice contains no $25 billion funding commitment; and the SDA award is for Tracking Layer Tranche 3 under the Proliferated Warfighter Space Architecture, not Golden Dome. The name still points very strongly to RKLB.
The claim-by-claim table below checks the 72 assertions against FCC public notices, SpaceX’s SEC-filed materials, Rocket Lab’s 10-K and company releases, institutional filings and market records. It separates clean matches from promotional overstatements and claims that couldn’t be independently verified.
| The promotion claims | Verdict | What we found |
|---|---|---|
| Elon Musk filed the orbital-data-center application with the FCC on January 30, 2026. | Contradicted | The FCC’s Public Notice DA 26-113 says Space Exploration Holdings, LLC, or SpaceX, filed the application on January 30, 2026, rather than Elon Musk personally. |
| Elon Musk committed $25 billion to the orbital-data-center plan just days later. | Contradicted | The FCC notice contains no $25 billion funding commitment, while SpaceX’s later June 2026 release describes a $25 billion bond issuance for general corporate purposes and debt repayment. |
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Rocket Lab is being teased elsewhere under “Galactic Supply Chain” by Jason Simpkins in Power & Profits. Readers who encounter both promotions should know they’re pointing at the same company under different story titles, not making two independent discoveries.
Elon Musk is proposing a million-satellite orbital AI system, Rocket Lab can supply rockets, spacecraft and solar hardware, and that makes RKLB the next SpaceX-style wealth opportunity. That’s the chain the promotion is selling.
The first link holds: the FCC’s February 4, 2026 public notice describes a SpaceX system of up to one million satellites in non-geostationary orbit, while SpaceX’s SEC-filed prospectus and roadshow materials discuss AI accelerators, solar power and computing capacity in orbit. The weak link comes next. Those materials describe distinct AI-compute satellites derived from Starlink and Starship platforms, not simply existing communications satellites with processors bolted on. The FCC notice also says the January 30 filing contained no $25 billion commitment; SpaceX later described a $25 billion bond issuance for general corporate purposes and debt repayment.
Rocket Lab has genuine pieces of the infrastructure story. Its $816 million SDA contract is real, but it covers 18 missile-warning and tracking satellites. SHIELD creates access to potential future contracts worth up to $151 billion in total, not a $151 billion award to Rocket Lab. And the company’s solar-array announcement shows it wants a role in space-based data centers. None of that establishes that SpaceX has hired Rocket Lab for its orbital AI system. The promotion’s biggest leap is from relevant capability to guaranteed customer.
On its own merits, Rocket Lab is more substantial than a headline built around Musk’s name. It operates Electron, is developing Neutron, builds spacecraft and satellite systems, and has a real defense contract. But RKLB was valued at about $43.5 billion on August 5, 2026, so this isn’t an undiscovered speck waiting for the market to notice it. The company may have a credible long-term space-infrastructure case; the filings simply don’t turn that case into Elon’s next millionaire maker.
How confident are we? 92 out of 100. We identified Rocket Lab USA Inc. (RKLB) from the promotion's own clues and checked 72 of its claims against filings, earnings calls, ownership records, market data and public reporting. This is our analysis, not the publisher's disclosure — we have no relationship with them.
Knowing which stock it is only gets you halfway. We score RKLB on valuation, profitability, growth, financial health and momentum — and reach our own conclusion, independent of how it was sold to you.
Read the RKLB report →Independent of the promotion — our own numbers, score and analysis.
The analyst-grade research report — charts, grades, valuation, and price targets — in 10 minutes.
| Checks out |
| The FCC’s February 4, 2026 Public Notice says SpaceX applied to operate an orbital-data-center system of up to one million satellites aimed at expanding computing capacity in orbit. |
| The proposed system would operate in Earth orbit. | Checks out | The FCC’s Public Notice places the proposed SpaceX system in non-geostationary orbits ranging from 500 kilometers to 2,000 kilometers above Earth. |
| The proposed system would be powered by the sun. | Checks out | SpaceX materials filed with the SEC describe orbital AI satellites using near-constant solar exposure and larger solar arrays to power computing hardware. |
| The proposed system would run AI computing from space. | Checks out | SpaceX’s SEC-filed prospectus and roadshow materials describe orbital AI-compute satellites carrying AI accelerators and selling compute capacity. |
| Building AI data centers in space is a no-brainer. | Can't verify | The phrase is a promotional judgment rather than a testable company or market fact. |
| SpaceX can use satellites it is already launching for orbital AI data centers. | Overstated | SpaceX’s SEC-filed materials describe distinct AI-compute satellites derived from the Starlink and Starship platform, not simply existing communications satellites being loaded with new processors. |
| The satellites would carry AI supercomputers. | Checks out | SpaceX’s SEC-filed roadshow materials show an AI-satellite architecture with AI compute, additional solar capacity and larger radiators. |
| The AI hardware would operate in orbit. | Checks out | The FCC filing and SpaceX prospectus both describe computing hardware operating aboard satellites in orbit. |
| The recommendation is not about the SpaceX IPO. | Can't verify | Rocket Lab is a separate public company, but the withheld sales copy cannot establish what it did or did not say about a SpaceX IPO. |
| The recommendation is not SpaceX. | Checks out | Rocket Lab’s 2025 Form 10-K identifies Rocket Lab Corporation as a separate NASDAQ-listed space company, distinct from SpaceX. |
| The recommendation is not Starlink. | Checks out | Rocket Lab’s corporate filings describe its own Electron, Neutron and spacecraft businesses, while Starlink is SpaceX’s separate satellite-network business. |
| The recommendation is not Tesla. | Checks out | Rocket Lab is a separate NASDAQ-listed aerospace company and is not Tesla. |
| The recommendation is not xAI. | Checks out | Rocket Lab’s SEC filings identify it as an aerospace and defense company, separate from xAI. |
| The plan targets chips, data centers, servers and processing power for AI. | Checks out | SpaceX’s FCC filing and SEC-filed prospectus frame the orbital constellation around AI compute capacity, AI accelerators, power generation and data-center infrastructure. |
| A single institutional trader placed a $25 million bet on January 21, 2026. | Can't verify | No authoritative options record located here establishes both a single institutional buyer and a $25 million RKLB trade on January 21, 2026. |
| The January 21, 2026 trade was worth roughly $25 million. | Can't verify | The stated arithmetic would equal about $25.16 million, but the actual execution, buyer and order structure were not independently verified. |
| Vanguard just took a major position in Rocket Lab. | Overstated | Rocket Lab’s 2026 proxy reports Vanguard-affiliated entities holding 40,029,546 shares based on a January 29, 2026 13G/A, confirming a large stake but not a newly initiated position. |
| BlackRock just took a major position in Rocket Lab. | Checks out | BlackRock’s latest 13F reported 37,985,996 Rocket Lab shares and an increase of 4,909,667 shares, a substantial institutional position. |
| JPMorgan just took a major position in Rocket Lab. | Checks out | JPMorgan’s latest reported institutional position was 10,677,805 Rocket Lab shares, up 982,825 shares, confirming a sizable and recently increased stake. |
| State Street just took a major position in Rocket Lab. | Checks out | State Street’s latest reported position was 13,924,751 Rocket Lab shares, up 1,404,528 shares, confirming a sizable and recently increased stake. |
| Bank of America just took a major position in Rocket Lab. | Can't verify | Bank of America was not among the largest Rocket Lab holders identified in the latest holder records reviewed, but that does not establish that it held no position. |
| Heat Seeker flagged unusual activity tied directly to the FCC filing. | Can't verify | The FCC’s Public Notice confirms the filing but contains no reference to Heat Seeker, an options alert or market activity tied directly to the filing. |
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Jason Simpkins of Power & Profits is pitching The Galactic Supply Chain. We trace the three Pentagon-linked space stocks behind it and test the claims.
Rocket Lab’s latest drop looks disconnected from what the business is becoming. The market is still trading RKLB like a speculative launch name even as defense wins, record revenue, and the Iridium deal push it toward a space infrastructure model.
Rocket Lab is scaling fast across launch and spacecraft systems, with Q1 2026 revenue up 63.5% and backlog at $2.2B. The stock looks attractive for investors willing to underwrite Neutron execution and margin conversion.