Why Rocket Lab Stock Is Skyrocketing This Week
Shares of Rocket Lab (NASDAQ: RKLB) are trading higher this week. The company's stock had gained 17.3% as of 11:20 p.m. ET on Friday and was up as much as 21.4% earlier in the week. The rise comes as the S 500 and the Nasdaq Composite had one of the most volatile weeks in market history.
The launch service provider announced a new family of customizable satellite solar arrays at a major industry conference this week, boosting investor optimism.
Rocket Lab announced its new Standardized Array (STARRAY) product line at the 40th Space Symposium in Colorado Springs. The company described STARRAY as a family of customizable, next-generation solar arrays designed to meet the power needs of satellites of all types.
Source Fool.com
