Rocket Lab has secured several new launch contracts over the last few weeks.
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Rocket Lab
shares have added more than a quarter in value this week as the aerospace company inked new launch deals in the burgeoning space tech industry.
The stock was flat on Friday, but has surged over 20% this week. Shares were up nearly 50% over the last two weeks and traded near fresh highs on Friday.
The stock has nearly tripled since the start of the year.
Enthusiasm for space stocks has skyrocketed ahead of SpaceX's anticipated IPO.
Rocket Lab said its has 49 rocket launches on contract and 17 of those deals were signed during the third quarter.
The Kiwi-American firm scores wins from the Pentagon to the Red Planet.
Baird sees shares of spacecraft maker Rocket Lab soaring 20% from here.
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