rocket firing vs launching

rocket firing and launching both are nouns.

Word	Noun	Adjective	Verb	Adverb
rocket firing	Yes	No	No	No
launching	Yes	No	No	No

As nouns, launching is a hypernym of rocket firing; that is, launching is a word with a broader meaning than rocket firing:

Other hypernyms of rocket firing include launch.

rocket firing (noun)	launching (noun)
the launching of a rocket or missile under its own power	the act of propelling with force
	the act of beginning something new
	the act of moving a newly built vessel into the water for the first time