Stock Track | Rocket Lab Soars on NASA Study for Mars Sample Return Mission

Stock Track2024-10-07

Shares of Rocket Lab USA Inc. (RKLB) soared by 6.73% in pre-market trading on October 7th, 2024, following the company's announcement that it has been selected by NASA to conduct a study for retrieving rock samples from Mars and bringing them back to Earth.

The study, awarded under NASA's Rapid Mission Design Studies for Mars Sample Return, will explore a simplified, end-to-end mission concept proposed by Rocket Lab. The company aims to deliver the mission at a fraction of the current projected cost and complete it several years earlier than NASA's current expected sample return date in 2040.

Rocket Lab founder and CEO Sir Peter Beck stated, "Retrieving samples from Mars is one of the most ambitious and scientifically important endeavors humanity has ever embarked upon. We've developed an innovative mission concept to make it happen affordably and on an accelerated schedule." The company's proposed mission architecture will be revealed once the study is complete in the coming months.

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