What's Going On With Rocket Lab Stock Today?

Rocket Lab USA Inc. launched a new line of advanced solar arrays designed to power satellites across all orbital environments.

Shares of Rocket Lab USA Inc. RKLB are trading higher in premarket on Tuesday after the company launched a new line of advanced solar arrays designed to power satellites across all orbital environments, expanding its footprint in the space systems market.

The new offering, Standardized Array (STARRAY), addresses diverse satellite power demands and delivers output ranging from approximately 100 watts to more than 2,000 watts.

The system's modular configuration allows for up to four panels per wing and features the company's advanced, radiation-tolerant quadruple junction solar cells, offering a compact yet adaptable energy solution tailored for various mission profiles.

“Our objective is to offer the industry mission–specific customization with short lead times and lower costs,” said Vice President of Space Systems at Rocket Lab, Brad Clevenger.

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“Customers can choose from a range of pre-engineered solar array configurations to meet the needs of their application while leveraging the flight-proven reliability, performance, and speed of Rocket Lab’s vertically-integrated manufacturing.”

Rocket Lab offers a vertically integrated manufacturing process. It handles large-scale manufacturing of solar cells and cell assemblies (CICs).

The company’s solar tech has already made sizable contributions to government and private space initiatives. Its systems have supported high-profile projects, including NASA's Artemis program, the Ingenuity Mars Helicopter, and the James Webb Space Telescope.

The company also powers commercial constellations like OneWeb's GEN1 low-Earth orbit broadband network. At present, more than 1,100 satellites in orbit use Rocket Lab's solar products.

Recently, Rocket Lab announced it has been chosen by the U.S. Space Force to vie for top-tier national security launch missions under the NSSL Phase 3 Lane 1 program. The five-year IDIQ contract, valid through June 2029, carries a maximum potential value of $5.6 billion.

Price Action: RKLB shares traded higher by 4.39% at $18.29 in premarket at last check Tuesday.

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