Why Rocket Lab Stock Rocketed Today
Rocket Lab (NASDAQ: RKLB) stock jumped 10.5% through 11:15 a.m. ET Wednesday, one day after NASA Administrator Jared Isaacman unveiled the space agency's new $20 billion "Ignition" plan to build a base on the moon.
Rocket Lab itself wasn't named in the plan -- few specific companies were named -- but the plan sounds big enough to encompass and boost the fortunes of quite a few space stocks like Rocket Lab.
Image source: Getty Images.
Source Fool.com
