Rocket Lab Corp.

(NASDAQ:RKLB) stock traded higher Monday ahead of the space company's second-quarter earnings, with investors weighing a major U.S.

Space Force contract win against expectations for continued losses as Rocket Lab invests in its next-generation Neutron rocket.

The company recently won a $397 million contract to build and launch Flatellite spacecraft for the U.S.

Space Force using its upcoming Neutron rocket.