Why Rocket Lab Stock Just Jumped

Rocket Lab Corporation (NASDAQ: RKLB) jumped 9.5% on Friday. The S 500 and the Nasdaq Composite were up 0.6% and 1.2%, respectively.

Shares of the rocket and satellite manufacturer were lifted by another successful Electron mission, a day after the company announced a new $397 million U.S. Space Force award.

Rocket Lab launched an Electron rocket -- its current workhorse -- from its Complex 1 site in New Zealand at 9:18 p.m. local time Thursday, carrying a single satellite for a Japanese operator of Earth-imaging satellites. The payload was placed in orbit to join the customer's existing imaging constellation.

Source Fool.com