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Why Rocket Lab Stock Is Still Rocking Today

TheMotleyFool

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Why Rocket Lab Stock Is Still Rocking TodayPhoto, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.midjourneyapi.xyz/temp/568784d0-c41a-4663-ab01-91f29a370903.png

For the second day in a row, Rocket Lab USA (NASDAQ: RKLB) stock is on a tear. Yesterday, shares of the new space company and occasional defense contractor shot up nearly 15% on news of a big expansion in production of reaction wheels (i.e., satellite parts).

Today, Rocket Lab is up another 14.2% in 1:30 p.m. EDT trading, and -- there being no other news on the wires to explain the move -- probably for the same reason.

Image source: Getty Images.

Source Fool.com

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