Shown in the book 'Blast Off - Rockets, Robots, Ray Guns, and Rarities from The Golden Age of Space Toys!' by S. Mark Young, Steve Duin, and Mike Richardson, this is the Ajax #50784 Missile Set. Right up front I have to tell you - I cheated! Unfortunately, I didn't buy these pieces as a 'set', but rather gathered the components from my collection of Ajax spacemen and Processed Plastic missiles/rockets. As a fatter-of-mact, this was the only missile/rocket in my collection with the correct second stage.
Looking at the first two photos below, you'll notice the 2nd stage is tapered, but most of my PP examples are nearly perpendicular except for the one I used for the set. Also, the extract from 'Blast Off' shows the upper stages without any kind of firing or launch mechanism. On my sample, the original had a launching final stage as well as a teeny-tiny satellite (not used in the photos). Moreover, the peel-&-stick appliques' are different on mine than those shown in the book extract.
This isn't the end of my Ajax coverage as I still have to photograph all those other figures I discovered out in The Cave this past week. That said, it might still be a few days/week before I start posting those.
Ed
Extract from 'Blast Off'

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