Rocket Lab's Stock Surges on $805M Space Deal
Update: 2025-12-19
Description
Rocket Labs stock surged by 16.6% in afternoon trading after the US Space Development Agency awarded the company an $805 million contract for 18 satellites. This deal, along with a successful Space Force mission, boosted investor confidence and increased the companys contracted backlog to $1.1 billion. Rocket Labs shares, known for volatility, experienced a rare and significant rally, with investments from five years ago now worth six times the original amount.
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