Rocket Lab Secures Landmark Contract

29 days ago

"So, their shares are rocketing up as much as 4%. They actually jumped 18% on Friday, closed at a record high, $70.52. The reason why on Friday is because the US Space Development Agency awarded the company an agreement worth up to $85 million to provide 18 missile warning tracking defense satellites. Rocket Lab said the agreement was its biggest single contract to date. And then also came the news that it successfully launched its 21st electron rocket of the year. Their shares have been skyrocketing on this news."

Rocket Lab (RKLB) received its largest contract to date with an $85 million agreement from the US Space Development Agency, which helped propel an 18% jump and a record high close. This company-specific commentary underlines strong near-term catalysts and bullish momentum for the space launch technology company.

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