Rocket Lab benefited substantially over the past 30 days from two overlapping structural catalysts: SpaceX's anticipated market debut and its own June 14 inclusion in the Nasdaq-100 Index. The $70 billion retail demand for SpaceX's IPO triggered broad-based sector enthusiasm, positioning RKLB as a pure-play aerospace derivative for investors seeking commercial space exposure. Nasdaq-100 inclusion itself, while a mechanical event rather than fundamental catalyst, unlocked passive fund inflows and institutional validation. However, the narrative revealed inherent volatility. SpaceX's $2 trillion-plus valuation sparked profit-taking across specialized space ETFs on June 12, tempering gains. This rotation underscores sector sentiment's dependence on mega-cap momentum rather than independent fundamentals. The inclusion of competing AI-infrastructure names like CoreWeave and Astera Labs suggests investor capital remains diffuse across growth technology. Forward-looking, RKLB's trajectory hinges on sustaining speculative interest post-SpaceX IPO stabilization and demonstrating operational execution independent of index-driven tailwinds. Sector rotation risk persists.