PPro rocks. But it makes the man in the video talk funny though.

Do you have the whole studio, or just PPro? there is a image stabilization plug in that comes with it Ppro, but if you also have after effects you could stabilize this stuff. Take less pressure off of trying to be super precise when hand holding the camera. (although you do have to keep the rocket in the frame).
How tall is that thing? What size engine?