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Why Rocket Lab Stock Popped on Monday

TheMotleyFool

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Rocket Lab (NASDAQ: RKLB) stock jumped 3.5% through 9:45 a.m. ET Monday after announcing its latest first: For the first time ever, the company launched two rockets, from two separate launch pads in two different hemispheres, within a 24-hour period.

As the company pointed out, this set "a new company record for fastest launch turnaround." It also raised Rocket Lab's launch cadence for the year (so far) to 14 launches -- 40% better than the 10 launches accomplished in 2023.

And 2024 isn't over yet!

Source Fool.com

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