Rocket Lab USA, Inc. (RKLB) saw its stock price surge 6.91% over the 24-hour period on Tuesday, marking a significant upward movement for the space infrastructure company.
The price increase was primarily driven by the company receiving German regulatory approval for its planned acquisition of Mynaric. This clearance allows Rocket Lab to proceed with bringing the European optical communications business into the group, adding satellite laser communications technology applicable across defense and commercial space programs and expanding its capabilities as an end-to-end space infrastructure provider.
Additionally, analyst sentiment turned more bullish as Citizens upgraded Rocket Lab to Market Outperform from Market Perform, with a new Buy rating and an $85 price target. The upgrade cited strong growth in the company's launch, defense, and services business, with sales expected to reach $850 million in 2026, representing 41% growth from the previous year.
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