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SpaceX Rival Rocket Lab's Stock Soars to All-Time High With Launch Planned for 2025
RKLBRocket Lab USA(RKLB) Investopedia·2024-11-13 19:46

Key TakeawaysShares of SpaceX rival Rocket Lab USA soared to an all-time high Wednesday after the company reported results that topped estimates and announced a new deal with a commercial satellite constellation operator.Rocket Lab said it plans to launch its reusable Neutron rocket for the first time next year, which could position the company to compete for government contracts through a Space Force program.The company estimates more than 10,000 satellites will need launch services by 2030, supporting a $ ...