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Why Rocket Lab Stock Rocketed Today

TheMotleyFool

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Rocket Lab (NASDAQ: RKLB) stock jumped 10.5% through 11:15 a.m. ET Wednesday, one day after NASA Administrator Jared Isaacman unveiled the space agency's new $20 billion "Ignition" plan to build a base on the moon.

Rocket Lab itself wasn't named in the plan -- few specific companies were named -- but the plan sounds big enough to encompass and boost the fortunes of quite a few space stocks like Rocket Lab.

Image source: Getty Images.

Source Fool.com

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