Rocket Lab's (RKLB) stock launched before falling with the rest of the market after securing a $5.6 billion contract with the U.S. Air Force. This adds to the company's prior contract with the U.S. Department of Defense.
Rocket Lab (RKLB 2.06%) shareholders received some wonderful news Thursday night when the U.S. Department of Defense announced that the company, along with privately held Stoke Space, had been added to "Lane 1" of Phase 3 of the National Security Space Launch program by U.S. Space Force.
Investors interested in RKLB stock should wait for a better entry point, considering its premium valuation and poor year-to-date share price performance.
Rocket Lab USA shares were 6% higher, to $19.40, after the company said it has been selected by the U.S. Space Force to compete for the Department of Defense's highest-priority national security missions for its National Security Space Launch Phase 3 Lane 1 program.
Rocket Lab USA Inc (NASDAQ:RKLB) was last seen up 5.9% to trade at $19.50, after the U.S. Space Force awarded the aerospace & defense name a national security contract, meaning the company will receive $5 million to expand its launch system portfolio for critical space capability, and can now compete for future U.S. national security launch missions.
Shares of space technology start-up Rocket Lab soared early Friday after the company announced potential new business with the U.S. Space Force.
Kevin Green is keeping an eye on Nvidia (NVDA) backed CoreWeave. The company priced its IPO at $40 and will open for trading under ticker symbol CRWV later today.
The U.S. Space Force's Space Systems Command said on Thursday it had awarded contracts to Rocket Lab USA and Stoke Space to expand its portfolio of launch systems for critical space capability.
Rocket maker Rocket Lab (RKLB -4.06%) had some good news to report last night, but investors don't seem interested in hearing it. Shares of the stock flamed out for a 4.6% loss through 9:45 a.m.
Rocket Lab USA (RKLB -4.00%) has been on an incredible run, with its stock skyrocketing some 400% in the past year. The rocket company recently celebrated a record year for launches, solidifying its position as the second-most-utilized launch service in the U.S., right behind the industry giant SpaceX.
Nearly a decade ago, a dark horse space mining operation by the name of Moon Express floated an outrageous idea: Build a spaceship, send it to the moon, collect moon rocks, ship them back to Earth
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