Why Rocket Lab Stock Rocketed Higher Today
Rocket Lab (NASDAQ: RKLB) stock soared to close up 10.4% on Thursday, despite having to abort a planned rocket launch yesterday to "assess sensor data."
The most likely reason for the shares rising in the face of, at best, neutral news on the business: Rocket Lab archrival SpaceX, already the biggest space company on the planet, is planning to get even bigger.
Potentially, $1.5 trillion big.
Source Fool.com
