24H|Space Stocks Jump. Rocket Lab up 8%; Destiny Tech100 up 3%; Virgin Galactic up 2%
Tiger Newspress
Yesterday
Space stocks jumped in overnight trading. Rocket Lab rose 8%; Destiny Tech100 rose 3%; Virgin Galactic up 2%; Redwire up 1%.
Rocket Lab Corporation (RKLB) rallied after reporting Q3 results ahead of expectations.
Revenue was up 48% year-over-year to $155.1 million to set a quarterly record. During the quarter, the company secured 17X Electron launch contracts. Rocket Lab (RKLB) said it is also set to surpass its previous annual launch record in the fourth quarter, and remains on track to close out the year with more than launches.
Rocket Lab (RKLB) narrowed its Q3 EPS loss to -$0.03 from -$0.10 a year ago.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.