BUZZ-Rocket Lab rises after unveiling NASA study contract

Reuters10-07

** Space company Rocket Lab's shares rise 5% to $10.29 premarket

** RKLB says it has been selected by NASA to complete a study for retrieving rock samples from Mars and bringing them to Earth for the first time

** Financial details of the contract were not disclosed

** "Results of this study will inform a potential update to NASA's Mars Sample Return Program and may result in future procurements with industry"- RKLB

** Co says its study will be delivered for a fraction of current projected program cost and completed several years earlier than the current expected sample return date of 2040

** Nine of 14 brokerages rate the stock "buy" or higher, 5 "hold"; their median PT is $7 - LSEG

** RKLB up ~77.2% YTD

(Reporting by Arsheeya Bajwa in Bengaluru)

((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment