Why Rocket Lab Stock Bounced Back on Friday

Rocket Lab (RKLB 3.09%) 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.In response, Rocket Lab stock soared by more than 7% in the opening minutes of trading Friday before retreating to about a 3.5% gain as of 10:05 a.m. ET. More good news for Rocket LabIn its own press release, Rocket Lab clar ...