Stock Track | Rocket Lab Soars 5% Intraday as Space Sector Rallies on Redwire's Strawberry Contract

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Rocket Lab USA, Inc. (RKLB) soared 5.00% during intraday trading on Thursday, marking a significant rebound in the space stock.

The surge appears to be part of a broader sector rally sparked by Redwire's announcement of a contract to grow strawberries in space. Redwire's stock spiked 19% on the news, adding approximately $700 million in value and igniting investor enthusiasm across the space industry.

Space stocks had been weak earlier in the session amid volatility ahead of the upcoming SpaceX IPO, but the positive news from Redwire helped reverse the trend, with Rocket Lab and other space companies pulling into positive territory.

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(RKLB) soared 5.00% during intraday trading on Thursday, marking a significant rebound in the space stock.</p><p>The surge appears to be part of a broader sector rally sparked by Redwire's announcement of a contract to grow strawberries in space. 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