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Why Rocket Lab Stock Popped Today

TheMotleyFool

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Rocket Lab (NASDAQ: RKLB) stock rose 4.6% through 10 a.m. ET Tuesday after announcing the successful launch of an Electron rocket carrying an unspecified payload for an undisclosed customer.

The launch was Rocket Lab's 12th of this year, beating the company's previous record of 10 launches in a single year, set in 2023. With nearly two full months left in the year, Rocket Lab's likely to set an even bigger annual record before 2024 is ended, cementing its status as America's most prolific rocket launcher-that-is-not-named-SpaceX.

Granted, we have no clear idea what Rocket Lab launched today... or for whom... or for how much money.

Source Fool.com

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