Stock Track | Rocket Lab Soars 5.04% Intraday on New Contract Wins and Growth Outlook

Stock Track

2024/12/27

Rocket Lab USA, Inc. (RKLB) saw its stock soar 5.04% during intraday trading on Thursday, as the space company continued to build momentum with new contract wins and a strong growth outlook.

The company recently announced a multi-launch agreement with an undisclosed satellite operator, demonstrating the demand for its small satellite launch services. Additionally, Rocket Lab secured $55 million in new launch contracts during the third quarter, further bolstering its backlog.

In a significant development, Rocket Lab was selected by NASA to propose a mission architecture that would enable faster and more cost-effective return of samples from Mars. This prestigious contract underscores the company's technical expertise and could potentially lead to lucrative long-term opportunities with the space agency.

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