What's Going On With Rocket Lab Stock Tuesday?

Rocket Lab USA, Inc. RKLB shares are moving higher on Tuesday. Rocket Lab completed a successful launch of seven satellites.

What To Know:

Rocket Lab successfully launched seven satellites for NASA, Space Flight Laboratory and Spire Global from the company's Launch Complex 1 in New Zealand. In addition to deploying the customer satellites to orbit, Rocket Lab completed a successful ocean splashdown and recovery of the rocket's first stage advancing its goal of designing the world's first reusable small rocket.

"We're delighted to have delivered yet another successful Electron mission and would like to thank the teams at Space Flight Laboratory, Spire Global, and NASA, for entrusting us with their innovative science and tech demonstration missions," said Rocket Lab CEO, Peter Beck. "With this mission we've made big strides toward reusability with Electron and we are now closer than ever to relaunching a booster for the first time."

According to data from Benzinga Pro, RKLB is trading more than 17% higher over the past five days and nearly 30% higher over the past month.

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RKLB Price Action: According to Benzinga Pro, Rocket Lab shares are trading 5.37% higher at $7.26 at the time of publication.

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