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Why Rocket Lab Stock Just Popped

TheMotleyFool

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Rocket Lab (NASDAQ: RKLB) stock jumped sharply in afternoon trading Wednesday, gaining 8.9% through 2 p.m. ET after announcing the return to Earth of a Rocket Lab Pioneer spacecraft it built for Varda Space Industries.

Image source: Rocket Lab.

For the second time in two months, said Rocket Lab, it has supported a Varda mission using Electron rockets and Pioneer spacecraft to loft W-3 space capsules from Varda into Earth orbit, then return them to the ground successfully.

Source Fool.com

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