Rocket Lab Stock Surges on Successful Launch and Space Force Contract
Rocket Lab shares extended their rally Monday, climbing nearly 9% following a weekend launch that marked the company's 21st successful Electron rocket deployment this year. The 'Wisdom Gods Guide' mission delivered satellites for Japanese imaging firm iQPS, maintaining Rocket Lab's flawless 100% mission success rate.
Investor confidence received a further boost from Friday's announcement of a historic $816 million U.S. Space Force contract. The agreement—the largest in company history—calls for Rocket Lab to design and manufacture 18 missile-defense satellites, cementing its position in the national security space sector.
The back-to-back positive developments suggest growing institutional validation for the space infrastructure provider. Rocket Lab's stock had already jumped 18% Friday on the Space Force news, with the successful weekend launch providing additional momentum to the rally.
