Personal Finance

Rocket Lab Stock Gets a Lift From Government Contract

Rocket Lab USA stock soared in pre-market trading Friday after the aerospace company said it won a U.S. government contract worth as much as $515 million.

Shares traded up 16% at $5.14 after the news. As of Thursday’s close, shares of the Long Beach, Ca.-based company had gained 18% this year.

The company said in a regulatory filing that it agreed to design, manufacture, deliver and operate 18 space vehicles. Work will begin immediately and launch is scheduled for 2027.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button