Two Best Growth Stocks to Hold for the Next 10 Years: Palantir and Rocket Lab

Successful long-term wealth accumulation often hinges on identifying companies with exceptional growth potential and committing to holding them through market cycles. By allowing compound returns to work over a decade or more, investors can transform initial capital into substantial wealth. Two companies currently demonstrate the characteristics needed to deliver meaningful returns for patient investors seeking the best growth stocks for sustained value creation.

Palantir Technologies: Enterprise AI at Scale

Palantir Technologies (NASDAQ: PLTR) exemplifies how artificial intelligence is reshaping enterprise operations across industries. The company’s AI platform has delivered measurable results for major corporations seeking to optimize costs and accelerate operational efficiency. Its impressive 169% appreciation over the past year reflects growing market recognition of its competitive advantages.

The real strength lies in Palantir’s demonstrated financial momentum. In its third quarter, the company accelerated revenue growth to 63% year-over-year, while maintaining an adjusted operating margin of 51%—exceeding Microsoft’s comparable 46% operating margin. This profitability metrics at such high growth rates is rare in the technology sector and signals the platform’s operational efficiency and market demand strength.

Real-world applications validate the technology’s enterprise value. Airbus deployed Palantir’s Foundry platform to intelligently monitor engineering and operational data for its A350 jet program, while Ferrari leveraged the same technology to enhance Formula One racing performance analysis. These deployments from blue-chip manufacturers demonstrate the platform’s versatility and reliability across mission-critical applications.

Strategic Partnerships and Market Momentum

Industry validation from leading technology figures amplifies confidence in Palantir’s trajectory. Nvidia CEO Jensen Huang called Palantir’s technology “the single most important enterprise stack in the world,” and the two companies are collaborating to integrate Nvidia’s accelerated computing capabilities into Palantir’s platform. Such partnerships can catalyze accelerated deal flow and technology adoption across enterprise segments.

Commercial traction validates these partnerships. Palantir closed a record $1.3 billion in total contract value with U.S. commercial customers in Q3, representing a 342% year-over-year surge. This explosive contract growth demonstrates the platform’s resonance with enterprise decision-makers and positions the company to capture increasing market share in the expanding enterprise AI sector.

The valuation premium reflects investor expectations for sustained growth. Analysts project annualized earnings per share growth at 45% over coming years, suggesting Palantir could be substantially more valuable in 10 years than at current valuations. This makes the stock suitable for investors willing to maintain positions through business maturation cycles.

Rocket Lab: Capitalizing on Space Industry Growth

Rocket Lab (NASDAQ: RKLB) stands at the forefront of a transformative industry estimated worth at least $1 trillion long-term. The company provides essential space launch services and satellite deployment capabilities for U.S. government and commercial clients. Its 271% stock appreciation over the past year reflects growing market enthusiasm for space industry exposure as a best growth stocks opportunity.

The space industry’s expansion is directly linked to artificial intelligence proliferation. Satellite capabilities powered by AI enable Earth-based applications including wildfire detection, logistics optimization, and intelligence gathering. As AI integration deepens throughout the economy, demand for orbital infrastructure should accelerate correspondingly.

Profitability as the Next Growth Catalyst

Revenue expansion provides clear evidence of market demand. Rocket Lab achieved 48% year-over-year revenue growth, reaching $155 million in Q3. While the company hasn’t yet reached profitability, Wall Street forecasts project revenues expanding from approximately $600 million in 2025 to $1.9 billion by 2029—demonstrating the substantial runway for revenue multiplication.

The Neutron rocket represents the critical inflection point toward profitability and higher revenue generation. Designed to carry payloads up to 28,700 pounds compared to the Electron rocket’s smaller capacity, Neutron provides customers with heavier lift capability. The vehicle’s reusable design reduces per-launch costs, positioning Rocket Lab on an accelerated path to profitability and margin expansion.

Analyst consensus forecasts Rocket Lab will report its first full-year profit in 2027 with adjusted earnings per share of $0.19. Earnings are expected to more than double to $0.39 per share in 2028, with expansion continuing thereafter. These profitability inflection points typically serve as significant stock price catalysts, particularly for high-growth companies transitioning from loss-making to profitable operations.

The Long-Term Investment Case

Both companies benefit from secular growth trends reshaping modern economies. Enterprise AI adoption and space industry expansion represent multi-decade growth vectors with limited market saturation. For investors seeking best growth stocks capable of generating exceptional returns over the next 10 years, these two companies offer compelling risk-reward profiles.

Palantir’s demonstrated competitive edge, stellar financial metrics, and industry partnerships position it for sustained market share gains in enterprise AI. Rocket Lab’s early leadership position in a nascent but expanding trillion-dollar industry provides exposure to a growth category with minimal competition from established incumbents.

Holding these positions through the next decade allows investors to benefit from both revenue expansion and multiple expansion as markets increasingly recognize their growth potential. The combination of transformative industry tailwinds, proven business execution, and early market positions makes both candidates worthy of consideration for long-term growth-focused portfolios.