Rocket Lab Rises on Record Electron Launch Deal and Citi Buy Rating
Rocket Lab secured its largest commercial launch contract to date for its Electron rocket, indicating strong demand for small-satellite deployments. The company is seen as a potential competitor to SpaceX.
Rocket Lab has been launching small satellites for years and has gradually emerged as a potential rival to SpaceX. The company has now secured the largest commercial launch contract in its history, pointing to strong demand for small-satellite constellation deployments.