Why Rocket Lab Stock Keeps Going Up [Yahoo! Finance]
Rocket Lab USA, Inc. (RKLB)
Company Research
Source: Yahoo! Finance
What's driving Rocket Lab stock higher? As I noted yesterday, the biggest catalyst is probably the company's announcement that, over the weekend, Rocket Lab successfully conducted two rocket launches in less than 24 hours' time -- and from two launch sites on opposite sides of the globe . But it seems there's a second catalyst that's also driving Rocket Lab stock higher: U.S. government subsidies. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Soon after announcing its launch successes yesterday, Rocket Lab put out a separate press release, announcing it had "finalized" a $23.9 million award from the U.S. Department of Commerce. This money will be used "to increase its compound semiconductor manufacturing capability and capacity at the Company's Albuquerque, New Mexico facility," where Rocket Lab produces "space-grade solar cells" and other semiconductor products. There's good news and bad news about this. The good
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RKLB
News
- Rocket Lab USA, Inc. (NASDAQ: RKLB) was upgraded by analysts at TD Cowen to a "strong-buy" rating.MarketBeat
- If You'd Invested $1,000 in Rocket Lab Stock 3 Years Ago, Here's How Much You'd Have Today [Yahoo! Finance]Yahoo! Finance
- Rocket Lab Delivers Second Spacecraft, Completes Third for Varda Space Industries [Yahoo! Finance]Yahoo! Finance
- Rocket Lab Delivers Second Spacecraft, Completes Third for Varda Space IndustriesBusiness Wire
- The Ultimate Space Stock to Buy With $1,000 Right Now [Yahoo! Finance]Yahoo! Finance
RKLB
Earnings
- 11/12/24 - Beat
RKLB
Sec Filings
- 12/12/24 - Form 4
- 12/11/24 - Form 144
- 12/5/24 - Form SC
- RKLB's page on the SEC website