Why Rocket Lab Stock Skyrocketed on Thursday

Rocket Lab's (NASDAQ: RKLB) stock had a very memorable Thursday, as its price rose at a double-digit rate. On some very encouraging news about its hardware, investors pounced on the space company's shares to boost them to a more than 11% gain that trading session.

Rocket Lab announced the successful launch of its STP-S30 mission, which occurred very early that morning from a company launch complex at the Mid-Atlantic Regional Spaceport (MARS) in Wallops Island, Virginia. Bearing the quirky nickname "Don't Be Such a Square," the launch deployed four satellites into low Earth orbit after takeoff.

Image source: Getty Images.

Source Fool.com