Rocket Lab (RKLB) Climbs 11% on Successful Launches for US Space Force

We recently published 10 Firms Stealing the Show on Wall Street. Rocket Lab Corp. (NASDAQ:RKLB) is one of the best performers on Thursday.

Rocket Lab soared by 11.05 percent on Thursday to close at $59.92 apiece as investors took path from its successful launch of four DiskSats five months ahead of schedule.

At 12:03 AM EST on the same day, Rocket Lab Corp. (NASDAQ:RKLB) successfully launched the “Don’t Be Such a Square” program from its Launch Complex 2 on Wallops Island, Virginia, in support of the Space Test Program (STP)-S30 mission for the US Space Force’s Space Systems Command.

STP-30, with funding help from the National Aeronautics and Space Administration, will operate the DiskSats—a new type of spacecraft with the size of a manhole, developed by The Aerospace Corporation.

Rocket Lab Corp. (NASDAQ:RKLB) bagged the STP-S30 in April 2024 under the Orbital Services Program (OSP-4) contract.

“Rocket Lab’s speed, streamlined operations, and reliability were on full display with this flawless Electron launch for STP-S30, and we’re proud to be strengthening the nation’s space capabilities. We’re meeting the space access demands of the U.S. Space Force with our consistent execution, and this launch is another proud moment in Rocket Lab’s long history of successful missions for defense, national security, and commercial space users,” said Rocket Lab Corp. (NASDAQ:RKLB) founder and CEO Peter Beck.

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