Rocket Lab stock surged 12% on SpaceX rocket launch optimism, benefiting from expanding space industry

From Nasdaq: 2025-01-03 14:39:49

Rocket Lab (NASDAQ: RKLB) stock surged by as much as 12% in Friday’s trading, driven by SpaceX’s upcoming rocket launch. The Falcon 9 launch will benefit Space42, a UAE-based mobile communications provider. Despite competition with SpaceX, Rocket Lab is poised to capitalize on the expanding space industry and secure significant opportunities.

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Read more at Nasdaq: Why Rocket Lab Stock Is Soaring Today