Rocket Lab Shares Jump On Selection For NASA Launch

Launch services and space systems provider Rocket Lab USA Inc (NASDAQ:RKLB) will launch NASA's Advanced Composite Solar Sail System, or ACS3, on the Electron launch vehicle.
The Electron rocket will deploy a satellite designed for solar sail propulsion systems, allowing sunlight to power future deep space exploration.
ACS3 will launch as part of a rideshare mission scheduled for lift-off in mid-2022.
"It seems fitting to launch NASA's Advanced Composite Solar Sail System on Electron, the world's first full-carbon composite orbital launch vehicle, Rocket Lab CEO Peter Beck said.
Price Action: RKLB shares traded higher by 9.29% at $15.30 in the premarket session on the last check Thursday.