Shares of Rocket Lab Corp. (NASDAQ:RKLB) are trading flat Wednesday morning, holding stable after a 10% weekly pullback as investors weigh high development costs against massive defense wins. Here’s what investors need to know.
Rocket Lab stock is showing downward pressure. Where are RKLB shares going?
Upcoming Neutron Rocket Tapped for $397M Military Deployment
On Aug. 4, Rocket Lab won a $397 million U.S. Space Force contract to build, launch and operate threat-tracking “Flatellites” for the Space-Based Airborne Moving Target Indicator (SB-AMTI) program.
Marking Rocket Lab’s largest national security award of the year, the agreement utilizes its upcoming medium-lift Neutron rocket for orbital deployment.
