Stock Track | Rocket Lab Soars 6.41% Intraday on $816 Million Defense Contract and Record Launches

Stock Track12-22 22:35

Rocket Lab USA, Inc. (RKLB) saw its stock price surge by 6.41% during the intraday session on Monday, driven by a combination of operational milestones and a landmark contract win.

The company successfully completed its 21st Electron rocket launch of the year, deploying a satellite for Japan's Institute for Q-shu Pioneers of Space (iQPS). This achievement marks a new annual record for Rocket Lab, with a 100% mission success rate. Additionally, the U.S. Space Development Agency awarded Rocket Lab an $816 million contract to design and manufacture 18 missile warning and tracking satellites, the largest single contract in the company's history.

Analysts have raised price targets and maintained bullish ratings, citing Rocket Lab's strong execution and growing role in national security space projects. The stock's momentum is further supported by President Trump's executive order emphasizing American space superiority, which benefits the broader space technology sector.

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