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Why Rocket Lab Is Up Big Today

TheMotleyFool

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Why Rocket Lab Is Up Big Today: https://g.foolcdn.com/editorial/images/814902/gettyimages-486691192.jpg

Rocket Lab USA (NASDAQ: RKLB) has been selected to bid for billions in future launches planned by the United States and United Kingdom.

Investors are excited about the opportunities these selections create, sending Rocket Lab shares up as much as 15% on Tuesday morning and up 9% as of 11:30 a.m. ET.

Rocket Lab is one of several space stocks to emerge in recent years, and the company arguably has done more than anyone else in that class to establish itself as a reliable operator. Launch customers, particularly government launch customers, do not want to do business with unproven start-ups.

Source Fool.com