Why Rocket Lab Stock Took Flight on Friday
Written by Danny Vena for The Motley Fool -> Rocket Lab continues its track record of successful launches. The company launched its 13th Electron rocket so far this year, bringing the total to 92. …
Rocket Lab continues its track record of successful launches.
The company launched its 13th Electron rocket so far this year, bringing the total to 92.
Rocket Lab (NASDAQ: RKLB) stock took flight on Friday, climbing as much as 10%. As of 3:10 p.m. ET, the stock was still up 8.1%.
The catalyst that sent the rocket specialist higher was news of its latest successful flight.
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In a press release that dropped late Thursday, Rocket Lab announced its 13th successful Electron rocket launch in 2026. The mission deployed the latest satellite into space for the company's multi-launch customer, Institute for Q-shu Pioneers of Space (iQPS), which operates the QPS-SAR Earth-imaging constellation.
This was the latest successful launch for iQPS, whose satellite constellation provides "near-real imagery across twelve different orbits." The company noted that iQPS has an additional 10 launches booked with Rocket Lab to complete its satellite constellation ahead of its 2030 deadline. This also marked the 92nd mission for the Electron rocket as Rocket Lab pursues its goal of becoming an end-to-end space company.
The announcement comes just days after Rocket Lab won a $397 million contract with the U.S. Space Force to develop, launch, and operate multiple advanced "Flatellites," a series of next-generation satellites, designed to detect and track airborne threats in real time. This could be the first of many more such contracts.
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