Why Rocket Lab Stock Is Skyrocketing Today
Shares of Rocket Lab USA (NASDAQ: RKLB) are flying on Tuesday. The stock is up 28.3% as of 2 p.m. ET but was up as much as 31.8% earlier in the day. The leap comes as the S 500 and the Nasdaq Composite gained 0.9% and 0.6%, respectively.
Rocket Lab is benefiting from several catalysts at once, but chief among them was President Donald Trump's announcement Monday that he will prioritize a mission to Mars.
In his inauguration speech, Trump announced his intention to put Americans on Mars, saying, "it is time for us to once again act with courage, vigor, and the vitality of history's greatest civilization," and that "we will pursue our manifest destiny into the stars, launching American astronauts to plant the Stars and Stripes on the planet Mars."
Source Fool.com
