What's Going On With Rocket Lab Stock Today?

Rocket Lab USA, Inc. RKLB shares are trading higher in the premarket session on Friday.

According to Benzinga Pro, RKLB stock has gained over 19% in the past six months. Investors can gain exposure to the stock via Procure Space ETF UFO and SPDR S&P Kensho Final Frontiers ETF ROKT.

Today, the company said it has successfully packed and shipped two Mars-bound spacecraft to Cape Canaveral, FL, in readiness for launch.

These twin spacecraft, part of the Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) heliophysics mission, were designed, built, integrated, and tested by Rocket Lab for the University of California Berkeley’s Space Science Laboratory and NASA.

“We’ve already been to the Moon for NASA, so we’re excited to build on that and send Rocket Lab technology deeper into the solar system, this time to the Red Planet,” said Rocket Lab founder and CEO Peter Beck.

Earlier this week, Citigroup analyst Jason Gursky maintained Rocket Lab with a Buy and raised the price target from $5.45 to $7.

Earlier this month, the company reported second-quarter revenue of $106.25 million, beating the consensus estimate of $105.46 million.

Also Read: Rocket Lab Q2 Earnings: Revenue, EPS Beat On ‘Strong And Growing Demand’

“This year’s second quarter was Rocket Lab’s highest revenue quarter in company history at $106 million. This 71% year-on-year revenue increase demonstrates the strong and growing demand for our launch services and space systems products, and importantly, our team’s ability to execute against it,” Beck said earlier.

Rocket Lab expects third-quarter revenue in the range of $100 million to $105 million.

Space Systems revenue is expected to be between $79 million and $84 million, while Launch Services revenue is expected to be approximately $21 million.

The company noted it anticipates a third-quarter adjusted EBITDA loss of $31 million to $33 million.

Price Action: RKLB shares are trading higher by 2.92% to $6.00 premarket at last check Friday.

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