Stock Track | Rocket Lab USA Soars 5.07% Intraday on Lunar Exploration Executive Order

Stock Track12-19 22:35

Rocket Lab USA, Inc. (RKLB) saw its stock price surge by 5.07% during intraday trading on Friday, following the signing of an executive order by former President Donald Trump that mandates American astronauts to return to the Moon by 2028. The order aims to stimulate private-sector innovation and investment in space exploration, which has positively impacted commercial space stocks.

The executive order outlines a vision for "America First" space dominance, including the establishment of a permanent lunar outpost by 2030 and the deployment of nuclear reactors on the Moon and in orbit. This development has fueled a rally in U.S. commercial space stocks, with Rocket Lab USA being one of the key beneficiaries.

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