Rocket Lab USA, Inc. (RKLB) experienced a significant surge of 6.97% during the night session, marking a substantial upward movement for the space infrastructure company.
The price increase appears to be primarily fueled by two key positive developments. First, Rocket Lab received German regulatory approval for its planned acquisition of Mynaric, clearing the way to bring the European optical communications business into the group. This acquisition adds satellite laser communications technology applicable across defense and commercial space programs, expanding Rocket Lab's 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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