Rocket Lab USA, Inc. (NASDAQ: RKLB) saw its stock surge 5.02% during intraday trading on Wednesday, driven by a bullish analyst outlook and a major contract win.
Cantor Fitzgerald reiterated its Overweight rating on Rocket Lab, citing the company's record-breaking Q3 revenue of $155 million and a massive $805 million contract from the U.S. Space Development Agency (SDA). The contract, the largest in Rocket Lab's history, involves designing and manufacturing 18 missile warning and tracking space vehicles, effectively doubling the company's backlog to $1.1 billion.
Analysts also highlighted the upcoming debut of Rocket Lab's Neutron rocket, a medium-lift reusable vehicle expected to launch in early 2026. This development is seen as a critical catalyst, positioning Rocket Lab as the premier alternative to SpaceX in the commercial space sector.