Why Rocket Lab Stock Is Going to the Moon Today

Rocket Lab USA (RKLB 22.33%) has secured a U.S. government contract worth up to $515 million, a big boost to the space start-up. Investors are cheering the news, sending shares of Rocket Lab up 20% at the open on Friday.A big deal for a powerful little companyRocket Lab is one of several companies racing to benefit from the commercialization of space. The company was formed in 2006 and went public in 2021 via a special purpose acquisition company (SPAC), offering a full package to help government and commer ...