Why Rocket Lab Shares Are Rising Today

Rocket Lab USA, Inc. RKLB shares are trading higher on Thursday.

The company has been selected for a $32 million U.S. Space Force Space Systems Command (SSC) contract to deliver the VICTUS HAZE Tactically Responsive Space (TacRS) mission.

SSC’s Space Safari’s VICTUS HAZE mission will simulate a real threat-response scenario and demonstrate on-orbit space domain awareness (SDA).

Rocket Lab and True Anomaly will showcase the capability to construct space vehicles and command centers for rendezvous and proximity operations (RPO). The launch is scheduled for 2025.

After spacecraft construction, Rocket Lab enters Hot Standby Phase until further instruction. When exercise starts, Rocket Lab launches spacecraft into target orbit, swiftly commissioning it for operations.

The mission will see Rocket Lab design, build, launch, and operate a rendezvous proximity operation (RPO) capable spacecraft.

“It’s an honor to be selected by the Space Systems Command to partner in delivering the VICTUS HAZE mission and demonstrate the kind of advanced tactically responsive capabilities critical to evolving national security needs,” said Rocket Lab founder and CEO, Peter Beck. 

On April 10, Rocket Lab announced it is returning a previously flown Electron rocket first stage tank into the Electron production line for the first time in preparation for reflying the stage. 

“This is the exciting final piece of the puzzle before Electron goes reusable,” Beck said.

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Price Action: RKLB shares are trading higher by 4.01% to $3.89 on the last check Thursday.