Rocket Lab (RKLB) Stock Hits A New All-Time High: What's Going On?

Shares of Rocket Lab USA Inc RKLB hit another all-time high on Thursday, continuing a marked rally fueled by a rapid launch pace and significant contract wins. Here’s what investors need to know.

What To Know: On Wednesday, the company announced it was selected by the European Space Agency for a dedicated mission to deploy two pathfinder satellites for a future navigation constellation, scheduled for late 2025.

This news came as Rocket Lab prepared for its “Get The Hawk Outta Here” mission for HawkEye 360, its third of four launches planned for June alone.

The stock’s surge is further supported by bullish analyst sentiment, with Cantor Fitzgerald recently upgrading its price target to $35 and Stifel reaffirming a $34 target.

Rocket Lab is also bolstering its position as an end-to-end national security space provider. Its recent acquisition of optical systems producer Geost enhances its capabilities, potentially positioning the company as a contender for the “Golden Dome” missile defense system, which requires space-based sensors and interceptors.

Price Action: According to data from Benzinga Pro, RKLB stock is trading higher by 9.95% to $35.57 Tuesday morning. The stock has a 52-week high of $37.27 and a 52-week low of $4.20.

Read Also: Rocket Lab’s Record-Smashing Rally: UFO And ARKX ETFs In Focus

How To Buy RKLB Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Rocket Lab USA’s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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