What's Going On With Rocket Lab Stock Wednesday?

Rocket Lab USA, Inc. RKLB shares are trading lower in the premarket session on Wednesday after a solid run on Tuesday.

Yesterday, the company announced its upcoming Electron launch for Kinéis, a global Internet-of-Things (IoT) connectivity provider.

The “IOT 4 You and Me” mission is set to take place within a multi-day launch window beginning on February 4th NZDT, with a daily instantaneous launch opportunity at 09:43 am NZDT (20:43 UTC).

The mission will be conducted from Rocket Lab’s private Launch Complex 1 in New Zealand.

This launch will be the fourth of five planned Electron launches under a contract with Kinéis, designed to deploy a full constellation of 25 IoT satellites.

The first three launches were successfully completed in 2024, with the final launch scheduled for later this year.

“IOT 4 You and Me” marks Rocket Lab’s first launch of 2025, and the company expects to surpass its 2024 launch cadence of 16 missions across its Electron and HASTE rockets.

Rocket Lab’s CEO and founder, Peter Beck, expressed enthusiasm about the continued partnership with Kinéis, noting that the company successfully deployed 15 satellites for the IoT constellation last year and is eager to keep momentum going in 2025.

In other news, Rocket Lab’s shares rose on Tuesday following comments from President Donald Trump during his inaugural address, in which he vowed to prioritize space exploration and pledged to send astronauts to Mars.

This statement aligns with long-term goals of space exploration firms, including Elon Musk’s SpaceX.

According to Benzinga Pro, RKLB stock has gained over 519% in the past year.

Price Action: RKLB shares are trading lower by 1.15% to $30.91 premarket at last check Wednesday.