Why Rocket Lab Stock Is Soaring This Week
Shares of launch services and space systems innovator Rocket Lab (NASDAQ: RKLB) rose 19% this week as of noon ET on Thursday, according to data provided by S&P Global Market Intelligence.
The catalyst for Rocket Lab's share price hitting all-time highs came from an announcement where it signed a three-launch deal with Japan's Institute for Q-shu Pioneers of Space (iQPS).
This development adds to a four-launch deal already booked with iQPS, which is building out its Earth-imaging constellation via Rocket Lab's Electron rockets.
Source Fool.com
