The New Zealand native has turned his scrappy rocket company into a small but determined competitor of Elon Musk’s SpaceX. Investors have driven the stock up by more than 300% over the last year.

Shares of Rocket Lab USA ( NASDAQ: RKLB ), an aerospace manufacturer and launch-service provider, were up 50% in midday trading on Wednesday, after earnings beat Wall Street estimates. Hims & Hers stock tanks as Amazon debuts fixed pricing for hair-loss and erectile-dysfunction drugs

Reports indicate that Stifel analyst Erik Rasmussen raised his estimated valuation of the New Zealand rocket-maker by more than 50%, from $9 to $15 a share, and has "high-level conviction" that Rocket Lab will succeed in bringing its new Neutron rocket to market.