Rocket Lab USA, Inc. (RKLB) saw its shares soar 5.18% during intraday trading on Friday, marking a significant positive move for the space company.
The surge appears to be driven by news that Rocket Lab has been selected for two NASA missions, a development that signals confidence in the company's capabilities and potential for future government contracts.
This positive catalyst comes amid a broader period of pressure for the space sector, highlighting a company-specific driver for Rocket Lab's outperformance in today's session.