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Why Rocket Lab Rocketed on Monday

TheMotleyFool

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Rocket Lab (NASDAQ: RKLB) stock leapt 5.2% through 10:05 a.m. ET Monday morning, after the company conducted another successful space launch over the weekend.

On Saturday, Rocket Lab conducted its second launch for Japanese customer Institute for Q-shu Pioneers of Space, Inc. (iQPS), delivering the latter's QPS-SAR-9 synthetic aperture radar (SAR) satellite to orbit atop an Electron rocket.

Saturday's launch was the first in a series of eight launches Rocket Lab has been contracted to run for iQPS. The next satellite goes up in May, and Rocket Lab will launch six times this year for iQPS, then twice more in 2026, to complete this launch series.

Source Fool.com

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