Rocket Lab’s inventory blasts to a brand new excessive. Right here’s what’s driving the surge.
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Rocket Lab’s stock closed at a record high Friday, its first since October, after the rocket-launch provider won its largest contract ever.
The U.S. Space Development Agency on Friday
awarded Rocket Lab RKLB an agreement worth up to $805 million to provide 18 missile warning, tracking and defense satellites. It adds to the Long Beach, Calif.-based company’s contracted backlog, worth roughly $1.1 billion as of its third quarter.