Rocket Lab (RKLB) Takes Off Amid Success of 5 Rocket Launches

We recently published 10 Big Names With Surprising Gains. Rocket Lab Corp. (NASDAQ:RKLB) is one of the top performers of last week.

Rocket Lab surged by as much as 11.7 percent at intra-day trading on Monday before paring gains to end the day at $47.22 apiece following the success of five mystery launches over the weekend.

According to the company, it successfully launched its 70th Electron mission into space, solidifying its position as one of the leading launch companies globally.

Called the “Live, Laugh, Launch” mission, five Electron rockets lifted off from Rocket Lab Corp.’s (NASDAQ:RKLB) Launch Complex 1 in Mahia, New Zealand late on Saturday, less than three weeks after Electron’s previous successful launch from the same site. The purpose and the launch, and for which client, however, have not been divulged.

“Reaching our 70th launch is a powerful moment for Rocket Lab, and what’s even more remarkable is the pace at which we are achieving these milestones. This mission is the latest testament to the responsiveness and operational maturity of Electron and the entire Rocket Lab team,” said Rocket Lab Corp. (NASDAQ:RKLB) founder and CEO Peter Beck.

The Live, Laugh, Launch mission marks the company’s 12th Electron launch this year alone.

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