Rocket Lab (RKLB) Touches Fresh High Ahead of Rocket Launch

We recently published 10 Stocks with Surprising Gains. Rocket Lab Corp. (NASDAQ:RKLB) is one of the best performers on Friday.

Rocket Lab rallied to a new all-time high on Friday, as investors repositioned portfolios ahead of an expected mission launch for the National Aeronautics and Space Administration (NASA) in the next few weeks.

At intra-day trading, the stock rallied to its highest 52-week price of $54.03 before trimming gains to end the day just up by 10.14 percent at $53.34 apiece.

Based on a space tracking website’s bulletin, Rocket Lab Corp. (NASDAQ:RKLB) is set to launch a Hypersonic Accelerator Suborbital Test Electron (HASTE) rocket for NASA at the latter’s Wallops Flight Facility in Virginia later this month. The specific date, however, has not been divulged.

The HASTE rocket would follow Rocket Lab Corp.’s (NASDAQ:RKLB) successful launch of its 70th mission into space last month, 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.

On September 29, Jeff Bezos’ Blue Origin is also expected to launch NASA’s Escapade mission on the second flight of the New Glenn rocket. The two Escapade probes were built by Rocket Lab Corp. (NASDAQ:RKLB) and will be operated by the Berkeley Space Sciences Laboratory of the University of California.

The mission aims to analyze the magnetic field on Mars.

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Disclosure: None. This article is originally published at Insider Monkey.