There's been a lot of talk about stocks "going to the Moon" in the last few years. But that kind of talk is typically a bunch of hogwash peddled by (and to) people looking to get rich quick in penny stocks, cryptocurrencies, and other risky plays.

However, one company is literally making trips to the Moon: Rocket Lab USA (NASDAQ: RKLB). The rocket-launching and space-economy company went public via a reverse merger with a special purpose acquisition company (SPAC) in 2021, raising $700 million to fund its ambitions as a vertically integrated rocket launch services provider.

Here's the skinny on Rocket Lab, what it is doing to drive the space economy, and why the stock could be a buy after falling 56% from its SPAC merger price.

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Source Fool.com