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Rocket Lab Stock Jumps 34%: The $2.2 Billion Backlog Wall Street Wanted to See
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Rocket Lab Stock Jumps 34%: The $2.2 Billion Backlog Wall Street Wanted to See
Rocket Lab shares jumped 34.3% to a record $105.55 after reporting first-quarter revenue of $200.3 million, up 63.5% year-over-year, and a $2.2 billion launch backlog. The company signed 31 Electron and HASTE launch contracts and five Neutron launches, pushing its manifest above 70 missions. Rocket Lab also announced a $30 million hypersonic test contract with Anduril and a new partnership with Raytheon on missile defense. The post Rocket Lab St…
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