Shares of Rocket Lab Corp. (NASDAQ:RKLB) are trading higher Tuesday, finding stability as multi-week selling pressure across growth and space equities loses momentum. Providing fundamental support for the stock is a steady drumbeat of major contract wins announced throughout August.
Rocket Lab stock is trading at depressed levels. Where is RKLB stock headed?
U.S. Space Force Flatellite Award Anchors Record Defense Wins
On Tuesday, Aug. 4, Rocket Lab secured a $397 million contract from the U.S. Space Force to build, launch and operate “Flatellites” for the Space-Based Airborne Moving Target Indicator program.
The agreement represents Rocket Lab’s single largest national security award of the year and leverages its upcoming medium-lift Neutron rocket for deployment.
