Rocket Lab Stock Is Rising Monday: What's Driving The Momentum?

Zinger Key Points

Rocket Lab Corp RKLB shares are trading higher Monday after the company announced its fastest launch turnaround time with the successful launch of its 68th Electron mission.

What Happened: Rocket Lab on Saturday announced that it launched a single satellite into space for a confidential customer, completing its 68th Electron launch.

The “Symphony In The Stars” mission was the second of two launches that took place at the company’s Launch Complex 1 in less than 48 hours and is the first of two planned launches for the confidential customer. The second launch for the customer is scheduled to take place before the end of the year.

“Electron has demonstrated once again that it is the gold standard for responsive and reliable space access for small satellites. The future of space is built on proven performance, and Electron continues to deliver against a stacked launch manifest this year,” said Peter Beck, founder and CEO of Rocket Lab.

The launch of Saturday was Rocket Lab’s fourth successful launch in June and 10th Electron mission year-to-date. The company noted that it has a 100% mission success rate in 2025.

Rocket Lab announced last week that it was selected to launch an Electron mission for the European Space Agency to deploy two satellites for a future navigation constellation. The launch is set for no earlier than December 2025.

Check This Out: Elon Musk Stopped Believing In Mars Dream As A ‘Political Project’ In 2024, Says Peter Thiel Amid ‘Woke AI’ And ‘Socialist Government’ Fears

How To Buy RKLB Stock

By now you're likely curious about how to participate in the market for Rocket Lab – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

RKLB Price Action: Rocket Lab shares were up 1.89% at $36.05 at the time of publication Monday, according to Benzinga Pro.

Photo: courtesy of Rocket Lab.

Loading...
Loading...
RKLB Logo
RKLBRocket Lab USA Inc
$36.071.94%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
99.14
Growth
Not Available
Quality
Not Available
Value
5.93
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Comments
Loading...