Why Rocket Lab Stock Popped 5.5% on Monday

One week ago, space rocket company Rocket Lab (NASDAQ: RKLB) suffered a tiny setback when a Collision On Launch Avoidance/Assessment (COLA) report warned of collision risk if it launched a set of Kineis satellites as it had planned.

Rocket Lab just waited until the space traffic jam cleared, however, and on Saturday, the "IoT4YouandMe" mission launched successfully, deploying five new satellites for customer Kineis, putting Rocket Lab just one rocket away from completing its contract with Kineis -- and one rocket short of having launched five dozen missions since Rocket Lab's creation.

Saturday's launch was the fourth of five planned missions for Kineis.

Source Fool.com